J.P. Morgan Treasury Services to Provide Enhanced FX and Cross-Border Payment Capabilities to Fundtech’s PAYplus USA Clients
27 7월 2011 - 10:00PM
Business Wire
J.P. Morgan Treasury Services, a full-service provider of cash
management, trade finance and treasury solutions (NYSE: JPM),
announced it has partnered with Fundtech Ltd. (NASDAQ: FNDT) to
offer an integrated international payments service to banks using
PAYplus® USA. With this new capability banks will be able to offer
their clients enhanced foreign exchange and cross-border payment
services, which offer the banks new revenue opportunities as they
route transactions through J.P. Morgan.
Fundtech’s PAYplus USA provides end-to-end processing for
domestic wires. The partnership provides Fundtech clients a
seamless means to access a variety of services including foreign
exchange in more than 135 currencies, and US Dollar Clearing’s
complete suite of international commercial payment capabilities –
including expedited payments to and from Asia. Leveraging the
interface to J.P. Morgan, PAYplus USA clients have more options and
increased flexibility to customize their transaction
processing.
Christine Doria, Managing Director, J.P. Morgan Treasury
Services said of the new service: “Our greatest strength lies in
understanding our clients’ needs. In service to our clients, this
new partnership can help banks and their clients improve
profitability in the current economic environment.” She added,
“Cross-border payments are a top priority for our clients. Along
with our partners at Fundtech, we can now offer our clients further
access to our services.”
Commenting on the partnership, Anthony Salamone, Fundtech’s Vice
President, US Payment Products said: “Our partnership with J.P.
Morgan Treasury Services provides Fundtech’s PAYplus USA clients
the ability to seamlessly add FX transactions to their US wire
transfer system. These banks will be better able to service their
client’s expanding need for international payments, and profit from
this important value-added service.”
About J.P. Morgan Treasury Services
J.P. Morgan’s Treasury Services business is a full-service
provider of innovative cash management, trade, liquidity,
commercial card and escrow services -- specifically developed to
meet the challenges treasury professionals face today. More than
135,000 corporations, financial institutions, governments and
municipalities in over 180 countries and territories entrust their
business to J.P. Morgan. J.P. Morgan Treasury Services
is one of the world's largest providers of treasury management
services and a division of JPMorgan Chase Bank, N.A., member FDIC.
More information can be found at www.jpmorgan.com/ts.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.2 trillion and operations
in more than 60 countries. The firm is a leader in investment
banking, financial services for consumers, small business and
commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones
Industrial Average, JPMorgan Chase & Co. serves millions of
consumers in the United States and many of the world’s most
prominent corporate, institutional and government clients under its
J.P. Morgan and Chase brands. Information about JPMorgan Chase
& Co. is available at www.jpmorganchase.com.
About Fundtech
Fundtech (NASDAQ: FNDT), was founded in 1993, and is a leading
provider of software and services to banks of all sizes around the
world. Payments systems include wire transfers, ACH origination,
cross-border payments and remittance. Cash management systems are
designed for large corporate through small business clients.
Fundtech operates the world’s largest SWIFT service bureau. We
offer an extensive line of financial supply chain applications
including electronic invoice presentment and supply chain
financing. And we are the leading provider of CLS systems to the
world’s largest banks. More than 1,000 clients throughout the world
rely on Fundtech solutions to improve operational efficiency and
provide greater competitiveness through innovative
business-to-business services. For more information, visit
www.fundtech.com.
Fundtech Ltd. (MM) (NASDAQ:FNDT)
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