Fundtech Ltd. has announced that four additional banks have purchased its cash management system, CASHplus. FNB Christianburg of Christiansburg, VA; Manufacturers Bank of Los Angeles, CA; M&T Bank of Buffalo, NY; and TexasBank of Ft. Worth, TX, all signed contracts in the first quarter of 2005.
CASHplus is a cash management platform that enables banks to tailor services, fees and branding to the unique needs of various market segments. It offers extensive self-service customer administration features and highly advanced reporting and audit modules.
Additionally, both Manufacturers Bank and TexasBank will use Fundtech’s end-to-end solution by connecting CASHplus to Fundtech’s PAYplus USA, the company’s wire transfer system.
“The market is responding very positively to our entire product suite,” Michael Sgroe, Fundtech’s president and COO said. “Bankers are taking advantage of Fundtech’s end-to-end solution, delivering to their customers a broader range of options and services combined with improved straight through processing.”