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For Immediate Release Fundtech’s Global PAYplus Surpasses Seven Million Payments Per Hour in IBM Benchmarking Tests Prove Compliance with UK Faster Payments Service (FPS) Banking Initiative Boston, MA - October 3, 2007 — Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payments, settlement and cash management solutions, announced today that in a benchmark test performed in collaboration with IBM, Fundtech’s Global PAYplus integrated payments platform set new throughput and performance records. Utilizing the combination of batch and real time input, the test established that Global PAYplus is sufficient to handle the high and low care (RTGS and ACH) volume requirements of any size bank, anywhere in the world. The benchmark was requested by a large financial institution to demonstrate that Global PAYplus, a proven best of breed platform for processing individual high value Payments, meets the requirements of the new UK Faster Payments scheme. This initiative, currently targeted to go live in May of 2008, demands the processing of high volumes of low value transactions in seconds. With this demonstrated performance, Global PAYplus provides the ability to support high volumes of both high value and low value (ACH) transactions on the same integrated platform. UK Faster Payments has set a high standard for the execution of payments transactions such as internet and telephone initiated credit transfers and standing orders. ...
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