Raft of Deals for Fundtech
Fundtech has announced two new orders for its payments product, Global PAYplus totalling approximately $10 million. The orders were received from Bank Austria Creditanstalt and from a large existing customer; revenues from these orders will be recognized over the implementation periods of the two projects. Bank Austria Creditanstalt has selected Global PAYplus to be its new payments platform. The two-year phased roll-out of GPP will cover up to 16 countries throughout the Central and Eastern European region, beginning with the Czech Republic and Hungary in 2003. The organisation has signed 44 new PAYplus USA clients over the last 12 months.