United Way of Santa Cruz County Selects Fundtech for Remote Deposit Automation

Nonprofit agency saves thousands of dollars, redirecting former operating expenses to its community programs

New York – April 29, 2015 - Fundtech, a market leader in global transaction banking solutions, today announces that United Way of Santa Cruz County is realizing significant savings from Fundtech’s remote deposit solution. The Santa Cruz County chapter of the worldwide organization committed to education, income and health services for local communities has been able to streamline operations to save thousands of dollars in back-office costs—funding that now goes toward its programs.

Preparing deposits and driving them to the bank is time-consuming and expensive. Using Fundtech’s remote deposit solution, United Way of Santa Cruz County was able to automate check processing, making it faster, less labor intensive, or lower in cost.

“In a nonprofit organization, you want every dollar to get to the right place,” says Karen Sullivan, Chief Financial Officer of United Way of Santa Cruz County. “By investing in remote deposit, we saved considerably on back office expenses that we have been able to redirect to our community programs.”

“As a leading provider of remote deposit technologies to banks and businesses of all sizes, Fundtech also provides comprehensive services and support for check scanner devices,” says Danne Buchanan, Executive Vice President, Merchant Services, Fundtech. “For an extremely low cost, we provide and maintain both the hardware and software for businesses for which every penny matters.”

A case study on United Way of Santa Cruz County can be found here: http://www.fundtech.com/library/download/384/ .

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.

Press Contacts:
Patrick Kilhaney
Public Relations & Analyst Relations Manager
Fundtech
+1 917 286 1053
patrick.kilhaney@fundtech.com

Cognito
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fundtech@cognitomedia.com