Fundtech's US Wire System Adds Seamless FX Transactions Through PNC Bank

Fundtech's US Wire System Adds Seamless FX Transactions Through PNC Bank

Real-Time FX Payment Processing Will Make Banks Competitive With
Up-To-The-Minute Exchange Pricing

JERSEY CITY, N.J., Feb. 12, 2013 (GLOBE NEWSWIRE) -- Fundtech, a market leader
in global transaction banking solutions, today announced that PNC will offer
seamless foreign exchange (FX) transaction processing through Fundtech's
United States (US) federal wire system. Banks using Fundtech's PAYplus ^ USA
will now be able to offer their commercial clients the convenience of
integrated real-time FX payment processing using PNC Bank as their

By consolidating both domestic and foreign payments processing into a single
workflow, banks and their clients will gain greater control. Investigations
and research will be streamlined, taking less time and providing more thorough

Banks and their clients will receive dynamic real-time FX rates from PNC that
are competitive with up-to-the-minute exchange pricing. Confirmations and
Regulation E (via the Electronic Fund Transfer Act) disclosures will be
provided through the integrated systems, making it easier for financial
institutions to comply with these regulatory changes.

Commenting on the agreement, Gus Karris, Managing Director of Foreign Exchange
at PNC, states: "Integrating our real-time FX processing with Fundtech's
PAYplus USA is a win-win for both companies and an important benefit to banks
that use the combined system. PNC's global reach, competitive FX rates and
dedicated customer service ensure that banks using the system will receive
world-class service."

Also commenting on the agreement, Mary Ellen Putnam, Executive Vice President
of Fundtech, said: "As global trade continues to grow in importance among
businesses of all sizes in the US, the need for foreign transactions is also
expanding. Integrating PNC's FX service with PAYplus USA ensures that banks of
all sizes can offer their clients convenient, reliable and competitively
priced FX services."

About Fundtech

Fundtech offers a comprehensive line of transaction banking solutions to banks
and corporations of all sizes around the world. As a strategic supplier, our
clients benefit from lower operating costs and an enhanced end-user experience
through our integrated and feature-rich solutions. Our major product lines
are: global and regional payments, corporate cash and liquidity management,
financial messaging, electronic invoice presentment, supply chain financing,
remote deposit capture, merchant services, credit card gateway and mobile
banking products. Fundtech offers its software through a traditional software
license and a Software-as-a-Service (SaaS) contract. We operate Fundtech
Connect, one of the world's largest services bureaus that addresses the unique
needs of the financial services industry. Thousands of financial institutions
and companies worldwide rely on Fundtech's innovation to improve operational
efficiency, increase revenues, and provide greater competitiveness through
business-to-business services. Founded in 1993, Fundtech was acquired in 2011
by GTCR, a Chicago-based private equity firm. For more information please

The Fundtech Ltd. logo is available at

About PNC Financial Services Group

PNC is a registered mark of the PNC Financial Services Group, Inc. (PNC)
( which is one of the nation's largest diversified financial
services organizations providing retail and business banking; residential
mortgage banking; specialized services for corporations and government
entities, including corporate banking, real estate finance and asset-based
lending; wealth management and asset management.Banking and lending products
and services and bank deposit products and investment and fiduciary services
are provided by PNC Bank, National Association, a wholly owned subsidiary of
PNC and Member FDIC.Certain fiduciary and agency services are provided by PNC
Delaware Trust Company.Capital markets activities are conducted by PNC
through its subsidiaries PNC Bank, National Association and PNC Capital
Markets LLC.Services such as public finance advisory services, securities
underwriting, and securities sales and trading are provided by PNC Capital
Markets LLC.PNC Capital Markets LLC is a registered broker-dealer and member
of FINRA and SIPIC.Foreign exchange and derivative products are obligations
of PNC Bank, National Association.PNC does not provide legal, tax or
accounting advice.Lending products and services, as well as certain other
banking products and services, require credit approval.

CONTACT: Fundtech
         Chanda Gathani
         Metia Ltd.
         +44 (0) 20 3100 3605
         Binna Kim
         +1 646 395 6304

Fundtech Ltd. logo
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