JERSEY CITY, N.J., Oct. 15, 2012 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, today announced the launch of CASHplus® Mobile Corporate Banking for Tablets, part of the firm's "Triple Play" (desktop, smartphone, tablet) cash management product strategy. Now banks can offer their corporate customers access to treasury services across multiple access channels with a consistent and integrated user experience that is right-sized for the device.
CASHplus Mobile Corporate Banking for Tablets gives corporate treasurers access to critical bank information and services so that they can manage their cash flow and make decisions anywhere, anytime. This new tablet functionality enables banks to meet the growing demand amongst corporate treasurers for multi-channel access to treasury services.
According to a recent Treasury Strategies study sponsored by Fundtech, 80 percent of treasurers think it is important that their bank offers multi-channel access, and 53% say that this is an important criteria for selecting a new bank. Yet less than 50% of banks are offering this today. With the introduction of Fundtech's CASHplus functionality for tablets, banks can differentiate themselves by extending state-of-the-art cash management services to tablets, in addition to desktop computers and mobile phones.
New Features in CASHplus Mobile Corporate Banking for Tablets include:
- Native iOS and Android app with optimized functionality for touch screen interaction;
- Ability for treasurers to access balances and transactions, wire approvals, ACH approvals, positive pay decisions and exceptions
"We believe that our Triple Play suite is game-changing for banks, because it offers unprecedented access, delivering a new and competitive level of convenience and control," comments Mary Ellen Putnam, Head of US Banking Products at Fundtech. "As the recent Treasury Strategies study shows, treasurers' usage of multiple channels to access bank treasury services will grow by a whopping 50%. The trend towards multi-channel access is undeniable and banks cannot miss out on the opportunity to meet such a distinct need amongst treasurers."
For more information on Fundtech's new CASHplus Tablet Banking offering, please visit the Fundtech website.
About Fundtech
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, our clients benefit from lower operating costs and an enhanced end-user experience through our integrated and feature-rich solutions. Our major product lines are: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. We operate Fundtech Connect, one of the world's largest services bureaus that addresses the unique needs of the financial services industry. Thousands of financial institutions and companies worldwide rely on Fundtech's innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com