Company Overview of Fundtech Ltd.
Fundtech Ltd. provides end-to-end financial transaction processing software solutions for financial institutions in Israel and internationally. Its payment solutions include PAYplus USA, a payment solution for banks; Global PAYplus to manage payment activities; Global PAYplus-Service Platform; Pan-European PAYplus for Single European Payments Area and the European Central Bank’s Target 2 initiative compliance; Global PAYplus Liquidity Manager to provide centralized control of bank’s liquidity management needs; and PAYplus FTS, a SWIFTReady application for payments processing, message management, and related services. The company’s payment solutions also comprise ACHplu$ to automate processin...
10 Hamada Street
Founded in 1991
Key Executives for Fundtech Ltd.
Chief Financial Officer and Executive Vice President
Corporate Executive Vice President and President of Fundtech Asia-Pacific
Compensation as of Fiscal Year 2014.
Fundtech Ltd. Key Developments
Republic Bank Selects Fundtech's Solutions for Payment Execution and Advanced Online Services for Corporate Customers
Aug 5 14
Fundtech announced that Republic Bank will utilize Fundtech's solutions to meet corporate demand for integrated cash management, payment execution and compliance filtering with straight-through processing and end-to-end transparency. Republic Bank will use a combination of Fundtech solutions to provide transaction banking services to its corporate customers through a single vendor. Using a combination of Fundtech's cash management (CASHplus), wire payments (PAYplus Connect) and compliance filtering (Global Compliance Plus) solutions, the bank will enable the initiation and verification of wire transfers, report to the Federal Reserve, record the transaction and provide confirmation to the client in real-time. Fundtech will host these solutions in its industry leading data center, providing Republic Bank with cost-effective service and enhanced data security, while eliminating the need for the bank to add internal technical staff.
Fundtech Launches New Wireless Card Processing Terminals
Jul 23 14
Fundtech has launched Mobilescape VX, a device upgrade for its Mobilescape wireless card processing solution. The new hardware combines Verifone's VX 680 POS hardware with Fundtech's software, transaction processing, wireless service, and customer support. The new handheld terminals include a color touch screen and an ARM11 processor, as well as compatibility with the web-based Mobilescape Manager platform. Mobilescape VX provides U.S. businesses with traveling sales personnel the capability to accept card payments from anywhere via a small, portable device that is compatible with the AT&T cellular network. Numerous Fundtech customers are using the device for secure mobile payments. The upgraded technology is available to all new customers as well as existing customers interested in the latest device.
Easy Solutions Teams with Fundtech to Protect Against Wire Fraud
Jul 22 14
Easy Solutions announced a technology partnership with Fundtech to integrate Fundtech's PAYplus payment platforms, PAYplus Connect and PAYplus USA with DetectTA(R), Easy Solutions' transaction anomaly detection offering within its Total Fraud Protection platform. The integrated solution delivers seamless fraud protection as part of a streamlined workflow for managing wire transactions, clearing low-risk wires while isolating high-risk wires for investigation. As part of Easy Solutions's Total Fraud Protection platform, DetectTA qualifies a transaction's risk in real time, based on a heuristic profile of the user's behavior that the product is learning over time. Unlike first-generation monitoring systems which can only configure and combine rules within a single transaction channel, DetectTA behavior-based monitoring performs cross channel analysis to detect high-risk wires initiated across banking channels - call center, fax, branch, email, mobile and online. Customers also benefit from additional protection layers offered by the Total Fraud Protection platform. They gain greater visibility and an improved risk qualification process through Easy Solution's fraud intelligence, (Detect Monitoring Service(R)) and safe browsing (Detect Safe Browsing(R)) offerings. Combined with an additional layer of authentication (via DetectID(R)), the Total Fraud Protection platform delivers truly risk-based authentication resulting in best-in-class collaborative protection against fraud.
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