JERSEY CITY, N.J., June 11, 2014 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, today announces that Fundtech's BBP business unit has received SWIFT's highest certification level—the Premier Operational Practice certification. Based in Switzerland, Fundtech's BBP is the first service bureau to receive the certification for compliance with the rigorous terms and conditions of the best-in-class certification under SWIFT's new Shared Infrastructure Program.
SWIFT announced the Premier Operational Practice certification level under its new Shared Infrastructure Program to recognize those service bureau providers that meet the highest level of standards among service bureaus. Among the qualifications are a redundant infrastructure, the bandwidth needed to handle peak volume processing, and robust security.
"Fundtech BBP is honored to be the first SWIFT service bureau to receive this best-in-class certification," says Per Trifunovic, Chief Executive Officer of Fundtech's BBP business unit. "Being a Premier Operational Practice certification holder reflects that SWIFT recognizes Fundtech BBP as being able to provide customers the level of connectivity and security that it demands on behalf of its users."
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, Fundtech's customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm's major product lines include: 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. 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 visit www.fundtech.com.