Fundtech Ltd, the New Jersey-based electronic payments and outsourcing provider, announced today that The Co-operative Bank has gone live with its CASHplus*cash management solution. The banks is using three CASHplus modules: Balance Reporting, Cheque Management (cheque inquiries and stop payment) and Book Transfer. In due course CASHplus will enable the Co-operative Bank to offer its corporate customers banking solutions via the Web.
“We’ve used Fundtech’s solutions for over ten years, and continue to be impressed by the company’s ability to provide the most advanced services and technology that reflect what we need most to compete in the changing market,” says David Sanders, EB & Payments Strategy Manager at The Co-operative Bank. “The new solution is ideal for us to create customized service packages and provide our corporate clients with new and timely products.”
“The Co-operative Bank has been a great partner and we are pleased that they are in production with CASHplus,” adds Reuven Ben Menachem, Chairman and Chief Executive Officer, Fundtech. “The bank is truly innovative and we are confident that CASHplus is the most advanced solution to help it continue to grow its business in the competitive banking world today.”