JERSEY CITY, N.J.--Jan. 6, 2004--Fundtech Ltd. (NASDAQ: FNDT) a leading provider of payments, settlement and cash management software and services, announces today that Banco Bilbao Vizcaya Argentaria S.A. (BBVA), the sole Spanish CLS settlement member, has chosen Fundtech's PAYplus(TM) for CLS solution to manage its CLS settlement activities.
As third-party services has become increasingly important to BBVA's strategy, they decided to purchase Fundtech's PAYplus for CLS system with its integrated third-party features.
"We are delighted that BBVA has decided to purchase Fundtech's PAYplus for CLS, and look forward to working with them as they roll out their third-party services throughout the world," said Michael Sgroe, Fundtech's Chief Operating Officer. "Their extensive network of subsidiaries and branches in 37 countries will benefit from the ease of use and tight integration that Fundtech's PAYplus for CLS offers," said Sgroe.
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