Fundtech (FNDT) and Microsoft Corp. (Nasdaq: MSFT) to Introduce a Banking Software

Fundtech Ltd. (Nasdaq: FNDT), a market leader in global transaction banking solutions, and Microsoft Corp. (Nasdaq: MSFT) announced the introduction of the SEPA Integration Suite. It is a new suite of SOA (service-oriented architecture) services that adds complete SEPA transaction processing to a bank's existing payments infrastructure with minimal disruption and risk. With this software, banks will save time and money adding transaction processing capabilities for both SEPA Credit Transfers (SCT) and SEPA Direct Debits (SDD). Corporate clients will benefit by being able to send a single stream of payments, in various formats, to a centralized payment service, streamlining their accounts payable operations while improving multi-country cash management visibility.