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BofA Merrill Lynch Selects Fundtech Pay Services

September 15, 2009 (FinancialWire) — Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that Bank of America Merrill Lynch has selected its new Global PAYplus-Services Platform (Global PAYplus-SP) as the foundation for its next-generation on-line treasury management banking platform. The bank expects the new system to provide its clients with new levels of convenience and control in cash management.

Bank of America Merrill Lynch is using the new Global PAYplus-SP solution to develop a hub that will enable a new online payments experience. The hub will support consistent processing for all payments regardless of channel. It will provide faster payment processing at a lower cost, enhance flexibility and improve response times to new opportunities, as well as allowing other advanced functions. The transaction is not expected to have a material impact on Fundtech’s operating results for the third quarter of 2009.

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