Press Release

FUNDSTECH CORP SIGNS BUSINESS INTELLIGENT PROCESSING SYSTEMS, PLC AS A NEW STRATEGIC PARTNER



Ponte Vedra Beach, FL Aug 14, 2007 /PRNewswire-FirstCall/
FundsTech Corp (NASDAQ OTC-BB (FNDS) a financial services company announced today that it has added Business Intelligent Processing Systems, PLC (BIPS) as a Strategic Partner.

 

BIPS is a leading merchant account and business to international business trade transactions provider, enabling payments through real time bank transfer networks, local bank wires, and credit and debit card association products. BIPS merchants process over a billion dollars annually through such services.  As a Strategic Partner they will expand FundsTech’s product distribution throughout Canada, Asia Pacific, Latin America, Caribbean, Central and Eastern Europe, Middle East and Africa to their new and existing clients. Of particular focus are our prepaid products including payroll, gift, travel and teen card programs. 

 

Joe Tumbarello, COO of FundsTech Corp, stated, We are very excited to have BIPS and Zsofi Teleky join our growing group of Strategic Partners. Teleky has repeatedly proven her ability to market transaction technology products globally while rapidly growing businesses with strong profit margins and outstanding client support.  BIPS will immediately begin implementation our card solutions into their existing client base.

 

Zsofi Teleky, Managing Director Europe of BIPS, stated After analyzing various providers we have chosen to implement FundsTech Corps solution into our marketplace. The decision was based on production functionality and the skill of their management team.

 

About Business Intelligent Processing Systems PLC

 

Business Intelligent Processing Systems PLC, Douglas, Isle of Man develops and manages commercial payment systems and risk management solutions. BIPS also offers prepaid card products for general use, payroll and gift card solutions. BIPS's proprietary software gives merchants worldwide the ability to seamlessly integrate online commerce and banking operations, providing secure online reporting, in-depth marketing information, transaction-based data analysis, customized risk management and fraud control tools.

 

For more information, visit www.ibips.com.

 

About FundsTech Corp

FundsTech Corp, develops and markets two core product lines for the financial services industry. It provides a low cost, state of the art prepaid debit card solution for the unbanked population worldwide.

For more information, visit www.fundstechcorp.com

 

Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to the statement that the funds raised will allow the Company to proceed with the execution of its growth strategy and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.

On behalf of the Board of Directors,

David Fann, President.

FundsTech Corp.

For more information, please contact our President at:

904-273-3968
dfann@fundstech.com
www.fundstechcorp.com

4651 Salisbury Road

Suite 485

Jacksonville, FL 32256

To contact us:

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(904) 273-2702

(904) 273-7231

Sales@FNDS3000.com

Info@FNDS3000.com

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