Launch of Misys Treasury Plus Version 1.4

Misys Banking Systems, a global leader in banking software and solutions, announces the launch of Misys Treasury Plus version 1.4.  The new version of the online hosted treasury management service features a new Unstructured Trade Confirmations (UTC) module to facilitate matching of OTC Derivatives transactions.  Additionally, it includes a Report Scheduler, a new Failed SWIFT Messages screen, enhancements to the Action List and additional reports in the Premium Reports module, all increasing transaction productivity and efficiency.

The new Unstructured Trade Confirmations functionality within Misys Treasury Plus was developed in close consultation with customers to satisfy a need for matching transactions in a new asset class, OTC derivatives.  By utilising a two-part system to match basic transaction stubs and affirm attached supporting documents, the Misys UTC solution can accommodate transactions such as FX exotic options and metals trades.

The new Report Scheduler allows Misys Treasury Plus customers to maximise their productivity by scheduling delivery of specific reports on a customised timeline. Utilising this expanded capability, customers can more efficiently access the information they need - when they need it.   

Other enhancements include a new screen to view messages not accepted by SWIFT and additional lines on the Action Items list for a more detailed summary of the status of important deals. New detailed foreign exchange and money market performance reports available in the Premium Reports module allow customers to measure and benchmark both the speed and accuracy of their own and their counterparties’ confirmations.

“With this release, Misys Treasury Plus continues to leverage the flexible and agile nature of our Software-as-a-Service (SaaS) model to deliver solutions and develop new functionalities that keep up with the ever-changing needs of our customers,” comments Peter Bennfors, General Manager, Misys Global Managed Services.  “By providing Misys Treasury Plus as an online hosted service, we are able to quickly and confidently adapt each new release to the broad technological demands of the marketplace while tailoring enhancements to tackle the specific pain points customers tell us they need help with.  Misys Treasury Plus takes care of the technology so our customers can take care of business.”

About Misys Banking Systems

Misys Banking Systems supplies over 1,200 customers in more than 120 countries, among them 100% of the world’s top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,500 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.

About Misys plc

Misys plc (FTSE: MSY.L), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including all of the world’s top 50 banks. In healthcare Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com

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United Bankers’ Bank First On-We Network Community to Move into Production

LendingTools.com, a leading application service provider (ASP) for correspondent institutions and community financial institutions, announced at BAI’s TransPay Conference and Exposition that United Banker’s Bank (UBB) the wholly owned correspondent banking subsidiary of United Bankers’ Bancorporation, Inc., has pioneered with LendingTools.com to become the first Community Host on the On-We Network to begin check image exchange among their community financial institution customers. UBB has over 700 customers in a market area that extends across the 9^th Federal Reserve District and beyond.   

LendingTools.com created On-We Network to maximize intermediation of correspondent institutions in image exchange among community financial institutions.  On-We Network Community Hosts (Co-Host), such as UBB, perform clearing and settlement functions for customers in their network community. Community financial institutions ultimately gain with what can be their highest benefit solution for check image exchange.

“Joining the On-We Network as an image exchange Co-Host has positioned UBB to deliver the benefits of image presentment to our community bank owners and customers,” stated William C. Rosacker, president of United Bankers’ Bank. “UBB customers have access to a complete Check 21 solution that is designed for the specific requirements of community financial institutions”.

Community financial institutions need technology that enables them serve and expand their markets at a reasonable cost while competing with technology used by nationwide banks.  The On-We Network exchanges files using the national standard x9.37 file format with operations conducted under the ECCHO Rules for check image exchange.  “The On-We Network is designed to rapidly create new value among the participants and to generate new aggregate clearing options between those participants and other institutions across the U.S.  The total potential volume of image exchanges from this design is significant,” commented David Walker, president and CEO of ECCHO.

On-We Network supports an open approach to how institutions interact for check image exchange,” explained Eric Goering, president and CEO of LendingTools.com. “Images entering the On-We Network can be captured at the first point of presentment, through image deposits, or as an imaged cash letter. LendingTools.com can provide these capture services or accept image files from other sources as long as the files conform to x9.37 standards.”

On-We Network’s unique approach is designed to deliver the least cost to its members while serving all of their image exchange needs. Community Hosts are not burdened with managing thousands of endpoints, many of which may never be used by the member organizations within their On-We Network Community.  It is anticipated that each Co-Host’s network will clear over 80 percent of imaged items over time. The remaining items will be fed into selected national exchanges. With this approach, the average item exchange fees for an On-We Network member can be less than what national exchanges charge while typically improving funds availability.  

About LendingTools.com

LendingTools.com, Inc. specializes in the design and delivery of web-based applications for the financial services industry and delivers them through correspondent processing organizations. Its On-We Network provides a low cost option for community bank image exchange through a series of On-We Network Community Hosts. Over 2,000 financial institutions utilize one or more LendingTools.com services daily to originate and process ACH, wire, and imaged check transactions valued in excess of one billion dollars. LendingTools.com, Inc. is a privately-held Kansas corporation, and was founded by and is operated by bankers. LendingTools.com maintains two offices and data centers in Kansas and an office in Dallas, Texas.  Please visit www.OnWe.com and www.LendingTools.com for more information.

About UBB

Headquartered in Bloomington, Minnesota, United Bankers’ Bank is the wholly owned correspondent banking subsidiary of United Bankers’ Bancorporation, Inc.  UBB provides a full range of banking services to community banks in Minnesota, North Dakota, South Dakota, Montana, Nebraska, Iowa, Michigan, and Wyoming.

About ECCHO

ECCHO is a not-for-profit national clearinghouse that is owned by its member banks.  Formed in 1990, its primary objective is to fill the legal void created by mixing paper checks with electronics such as in the exchange of check images.  ECCHO has also been recognized and is supported by many organizations as the national provider or ECP and image exchange rules.  Membership in ECCHO is available to every depository financial institution.  Current members hold deposits of approximately $2.9 trillion.  Additional information on ECCHO can be found at www.eccho.org.

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International Bank of Commerce (IBC Bank) will deploy an enterprise-wide implementation of WAUSAU’s New Account Capture Enterprise Content Management (ECM) solution, following a successful pilot installation.  IBC is a subsidiary of International Bancshares Corporation (NASDAQ: IBOC), a $10.7 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 220 facilities and serving more than 90 communities in Texas and Oklahoma.

“IBC’s continual pursuit of strategic expansion requires an enterprise-wide solution that will support the bank’s present and long-term, growth initiatives,” said Dennis E. Nixon, Chairman and CEO for IBC.  “We persistently seek our partnerships and solutions that will merit the strong loyalty of our customers, while further serving our community and adding value for our shareholders.”

The implementation follows IBC’s prior deployment of WAUSAU’s ImageTeller™ solution, which truncates checks at the teller line.  New Account Capture complements WAUSAU’s existing suite of capture solutions and is a natural addition to IBC’s total capture strategy.  The WAUSAU solution integrates with a financial institution’s new account platform and allows for the digital signing and electronic routing of documents for automated validation and auditing.

The WAUSAU New Account Capture offering ensures that transactions are processed securely and efficiently, and focuses on decreasing the amount of resources utilized during the new account acquisition process.  Using New Account Capture, customer signatures and photos can be viewed immediately at all branches for verification of identity.  In addition, photo IDs can be scanned and then automatically classified, archived and indexed, along with the new account documents.  The platform, Optima³^® IMS, is configured with the financial institution’s business logic to determine how each document should be handled once it is incorporated in the electronic workflow.

“The combination of capture and workflow successfully automates the standard, paper-intensive, new account process and addresses the challenges financial institutions are facing in respect to the rising costs of paper handling, storage fees and transportation from courier runs, associated with the opening of new accounts,” stated Kathy Strasser, Senior Vice President – Enterprise Content Management Solutions for WAUSAU.

Based on projected results, IBC expects to reduce its courier runs from five days to two days per week through the implementation of New Account Capture.  This represents a 60 percent reduction in transportation costs.  Its audit and validation process will realize an 80 percent improvement in turn-around time, cutting its current five-day process down to next-day, and the bank will also save over one million printed pages per year, which represents a 40 percent reduction in output.

“We see WAUSAU’s New Account Capture solution as the next phase towards transitioning to an automated and image-based environment,” said Rene Avila, Executive Vice President for IBC.  “Our commitment to provide the most efficient services to our customers remains strong, and we are extremely excited about the opportunity to further enhance our competitive strength in the marketplace.”

About IBC
International Bank of Commerce (IBC Bank) is a member of International Bancshares Corporation (NASDAQ: IBOC), a $10.7 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 220 facilities and more than 360 ATMs serving more than 90 communities in Texas and Oklahoma.  Find more information about International Bancshares Corporation at www.ibc.com.

About WAUSAU

WAUSAU is a premier provider of payment and remittance processing solutions, serving businesses of all types to develop strategies that move money faster.  With its products, services and consulting, WAUSAU works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management.  WAUSAU’s innovative solutions provide results for a wide range of organizations including financial institutions, insurance companies, utilities, retail businesses and governmental agencies.  Find more information about WAUSAU at www.wausaufs.com.

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Fiserv CBS Worldwide has announced that it has signed The Bank of the South Pacific, Papua New Guinea’s largest retail bank with over US$683 million in assets, for four Fiserv solutions to address the bank’s front-to-back business needs. 

The Bank of the South Pacific has contracted with Fiserv CBS Worldwide for Fiserv Aperio, its customer interaction and business process management solution, CBS Data Warehouse, Nautilus^® Enterprise Content Management solution and CBS Teller, Fiserv’s newest smart client tellering solution. 

“Fiserv was the only single vendor that could provide best in class solutions for improved customer service and CIR, thin client deployment, consistent business processes and to enable us to reduce fraud. We are confident that we will achieve our goal to begin to expand into the Pacific Islands with Fiserv CBS Worldwide as our strategic partner,” said John Pascoe, COO, The Bank of the South Pacific, Ltd.

Fiserv Aperio is Fiserv’s front-end solution that promotes retail financial institutions’ ability to improve efficiency, increase profits and provide intelligent interactions by making every contact an opportunity to sell. CBS Teller streamlines customer service processes for front-end personnel, allowing them to focus on customer needs while also providing management control for complete security. CBS Data Warehouse manages business intelligence by enhancing decision-making capability through improved data provided about customers, accounts, products, demographics, marketing and financials.  Fiserv’s Nautilus Enterprise Content Management solution, an integrated, image-enabled, document-management application, creates streamlined, consistent solutions around each institution's unique document management needs.

“We are proud to be able to provide The Bank of the South Pacific with our latest solutions and ongoing support as the bank continues to lead the financial services industry in its region,” said James Fisher, Managing Director - Fiserv Asia Pacific, Fiserv CBS Worldwide. “This promotes our corporate strategy to continue providing solutions that enable financial institutions to be market leaders as well as to expand our global reach to banks across the world.”

The Bank of the South Pacific is headquartered in Port Moresby, Papua New Guinea and has more than 35 branches throughout the area. With more than half a million accounts, it holds a 55% share of the retail banking market in Papua New Guinea.

About Fiserv CBS Worldwide

Fiserv CBS Worldwide is a unit of Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 17,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.

About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4.5 billion in total revenue for 2006. For more information, please visit www.fiserv.com.

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Turkey’s Leading Insurance Company Chooses Dialogue to Reduce Document Production Costs and Speed Time to Market

Exstream Software, Inc. announced that its  Dialogue enterprise personalization software for streamlining complex document processes and producing higher quality communications has been selected by Anadolu Insurance Company (Anadolu Sigorta), one of the longest-established insurance companies in Turkey with 82 years of experience. With nearly 2,300 agencies and 10 regional offices throughout Turkey selling multi-line, non-life insurance products, Anadolu Sigorta has been the leader in premium production for the last four years with a reputation for introducing modern tools and services to the market. Anadolu Sigorta will use Dialogue to create primary insurance documents such as policies and premium receipts, enhance the overall design of its communications, and reduce costs for document production. The new interactive system will be used by almost 3,000 agents to generate policies online.

Key drivers in Anadolu Sigorta’s selection of Dialogue included its high performance in creating documents for high volume and on demand production environments. Anadolu Sigorta expects to speed the document development and deployment process due to Dialogue’s user-friendly design environment, which allows business users to participate in the design and creation of documents—reducing reliance on the company’s IT department.

Mehmet Ali Özdemir, project manager for Anadolu Sigorta, emphasized ease of use as a critical factor in Dialogue’s selection: “We were able to use Dialogue during an initial trial period without long-winded training and could generate some of our documents with the design and format we desired in a short time. We will use Dialogue to enhance the design of our documents and expect to decrease the staff required to create them, therefore decreasing our overall costs. We also anticipate making document changes much faster which is important in terms of remaining competitive and complying with industry regulations.”

In the future, Anadolu Sigorta plans to increase the level of customization of its documents and further impact cost savings by using a wider range of Dialogue’s capabilities.   

“We are very excited to join forces with Anadolu Sigorta in building their document applications. Anadolu Sigorta has proved again that it leads through innovation and superior customer service and we are happy to be part of that strategy,” said Jiri Krejci, managing director for Exstream Software Central and Eastern Europe.

About Anadolu Insurance Company

As a privately-owned insurance company, Anadolu Insurance Company has played an important role in the development of the Turkish insurance industry in parallel with the modernization of the country’s socioeconomic environment since it was founded. As part of the "Recon Project" that it launched in 1997, the company has brought all of its agencies into its data processing network through an interactive online system. Through the benefits of information technology, it has raised the quality of its services to modern-day levels. Throughout the years, Anadolu Insurance Company’s unchanging principle of paying claims immediately and in full has been a source of confidence for the Turkish people. Backed today by a strong capital base and advanced infrastructure, Anadolu Insurance Company takes a pioneering approach to insurance that is focused on customer satisfaction through its principle of “Maximum Service Insurance” while seeking to raise awareness of the insurance industry throughout Turkey.

About Exstream Software

Ranked among the world’s fastest growing technology companies, Exstream Software provides enterprise software solutions for businesses around the world to streamline document creation processes and produce higher quality, relevant communications of all types for delivery through print/mail and online channels. Companies in the financial services, insurance, healthcare, service provider, telecommunications, utilities, hospitality, retail, government and other industries benefit by getting communications to market as much as 85 percent faster, reducing document production costs up to 80 percent, and as much as tripling customer response. Visit Exstream at www.exstream.com, or contact 859-296-0600 or info@exstream.com for more information.

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Server virtualization is now a mainstream technology, not just a potential disruptor according to the Yankee Group and The CIO Forum’s 2006 Global Server Virtualization Survey. 61% of enterprises have deployed server virtualization and an additional 25% will deploy it within the next 12 months. As one of Richmond Events’ CIO Forum delegates noted, “Amazing technology! We are huge fans of this - and would encourage all organization to at least try the technology with their test and QA environments. The benefits and stability will be outstanding.”

Respondents to the survey and several of RE’s CIO Forum delegates cited numerous benefits from server virtualization such as cost reductions and more flexible application deployment. IT departments and systems administrators adopted it quickly—and now it’s time to also adopt standard practices and operational discipline.

CIOs and IT leaders need to answer the following questions:

Ø             How do data center operations such as performance management, availability management and provisioning change in a virtualized environment?

Ø             How does application and system support adapt to a virtualized environment?

Ø             Which vendors best fit my organization’s needs?

The survey validates the perceived popularity of virtualization, the drivers for adoption and the recognized market leaders. Yet it also shows that, despite some tremendous early success, enterprises and vendors are just beginning to feel and understand its disruptive influence. CIOs and IT managers must adapt their approach to data center management to incorporate virtualization. 

The findings validated much of server virtualization’s perceived market momentum and confirmed that it’s not just hype, but a compelling and mainstream technology:

Ø             76% of survey respondents plan to deploy server virtualization technology.

Ø             62% have already deployed or are in the process of deploying server virtualization; an additional 22% will deploy it within 12 months. Only 15% of respondents have no plans to deploy it.

Ø             VMware is the clear market leader. 45% of respondents use VMware ESX and 10% use the freeware version. Microsoft Virtual Server was second, with 29% of respondents citing it as their primary server virtualization product.

Ø             35% of respondents said they realized a return on their investment in server virtualization in less than 3 months.

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COSS, a leading software development company serving the financial services market has launched its newest web-based illustration system, Expedite.  The new COSS system includes Basic Needs Analysis, Compliant Illustrations for Term, Universal life, Whole Life and Annuities, a Forms Repository, Rate and Interest Tools, and On-Anniversary Reproposal Capabilities.  Expedite, powered by COSS, is a hosted solution with low annual license fees, attractive referral incentives, and monthly payment options.

“We’re excited about the launch of Expedite,” says Jay Stevens, Sr. VP of Sales and Chief Marketing Officer.  “We recognize that a number of carriers are searching for an illustration system that can be implemented on the web painlessly from both a technical and financial perspective.  The Expedite model can be utilized long-term or carriers can migrate to our more comprehensive COSSEnterprise™ system as needed.”

COSS is an employee-owned technology company serving the financial services industry with point-of-sale solutions.  Founded in 1987 with offices in Wisconsin, North Carolina, and Georgia, COSS offers a complete suite of solutions, including product illustrations, electronic forms, hypotheticals, historical illustrations, asset allocation, needs analysis, advanced marketing, wealth distribution planning, and interactive agent training.   

For more information about COSS, contact:

David J. Ruggerio                                   Phone:  800-776-7087

Director of Marketing                              Fax:      704-987-1228

9820 NorthCross Center Court                 E-Mail:  daver@coss.com

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Integration of InSystems Corporation creates a complete, end-to-end document automation and compliance solution

Whitehill Technologies, Inc. announced that the company achieved record growth in 2006, increased its revenue 240% over the previous year, and integrated a major acquisition that doubled Whitehill's staff.

"This has just been a tremendous year for Whitehill," said Paul McSpurren, President and CEO, Whitehill Technologies, Inc. "With the acquisition of InSystems Corporation, Whitehill has solidified its position as a market leader. Our teams in New Brunswick, Ontario and Virginia have worked incredibly hard to bring this new company together. We have combined our product lines to create a complete, end-to-end solution that meets our customers' needs for document automation, compliance, and integration."

Prestigious new client wins

Whitehill's business continued to grow throughout the year, with major wins in the insurance vertical. More than forty insurers signed on to become new customers or migrate their existing document automation systems to newer Whitehill products.

"Industrial Alliance selected Whitehill Technologies over other solutions based on their ability to cater to our very specific requirements," said Guy Daneau, VP, Information Systems, Industrial Alliance. "We are confident that Whitehill provides us with the best available solution set on the market, and they have proven to be an excellent vendor in terms of customer service. They have really gone the extra mile to meet our needs."

Whitehill also built on its strong track record in the legal vertical with the launch of its comprehensive integration offering, Whitehill BPI for Legal. Designed specifically with law firms in mind, BPI for Legal unites workflow and data integration capabilities in a single solution that helps law firms automate key processes, such as new hires and new business intake.

New product releases

With the addition of InSystems' product lines came a deepening of Whitehill's solutions portfolio, reinforced by new product launches throughout the year. In addition to Whitehill BPI for Legal, the company released Whitehill Enterprise 5.6, the leading document composition solution for law firms; and Whitehill <xml> Transport 3.2, document composition and transformation software for high-volume environments. 

Whitehill also released Tracker 6.4, a compliance solution that helps insurance companies bring products to market faster and more efficiently by accelerating product development and regulatory filing business processes. Tracker streamlines the end-to-end filing process from research, preparation and assembly to easier delivery via a unique direct integration with SERFF, the NAIC's System for Electronic Rate and Form Filing.

Other new releases in 2006 included IStream Publisher 3.2 and IStream Communicator 2.2. Insurers from across the Property & Casualty, Life & Annuities, and Health sectors are all leveraging the IStream document automation suite to quickly and easily produce new policy documents, agent and channel communications, and personalized customer correspondence.

Major awards and accolades

2006 was also a record-breaking year in terms of industry recognition, with Whitehill receiving major awards for customer service, revenue growth, and management performance. President & CEO Paul McSpurren was named one of the Top 50 CEOs in Atlantic Canada by Atlantic Business-the third time he has received this honor. The company also received a special Innovation Award from Progress for its ongoing achievements. 

Whitehill also moved up the Branham Group's annual Branham 300, a ranking of the largest software companies in Canada. Whitehill is now among the top five privately owned software vendors in the country.

The year was capped off by a win at the prestigious Microsoft Partner Program IMPACT Awards. Selected from among hundreds of Microsoft Partners, Whitehill received the 2006 award for outstanding Customer Experience, for its work on an electronic reporting project with Blank Rome LLP, a law firm based in Philadelphia.

The company was also awarded Gold Certified Partner status, the highest level in the Microsoft Partner Program. Gold Certified Partners have achieved the highest level of competence and expertise with Microsoft technologies, and have the closest working relationship with Microsoft.

Looking ahead

In 2007, Whitehill plans to announce further new partnerships, continue to refine and extend its software to meet customer needs, and maintain its laser-like focus on customer satisfaction, innovation and business performance.

"Whitehill is in the enviable position of being the major player among document and compliance automation vendors worldwide," McSpurren concluded. "We will not rest on our laurels. We will continue to work hard, and make 2007 even more successful than the past year has been."

About Whitehill Technologies, Inc.

Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Headquartered in Moncton, New Brunswick, Canada, Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. For more information, please call 1-888-944-8344 or visit www.whitehilltech.com.

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Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, announced the company is integrating support for Windows CardSpace into its leading online banking products. Windows CardSpace is a component of the .NET Framework 3.0, available on Windows Vista and Windows XP, which helps store a person’s digital identity in a security-enhanced manner, and provides a unified interface for choosing the identity for a particular transaction, such as logging in to a Web site. The Corillian Voyager integration with Windows CardSpace further protects against identity theft and enables consumers to use InfoCards to log-on to a banking Web site, instead of entering a user name and password. One of the nation’s largest financial services companies is planning to offer the integrated solution to its customer base.

Through the collaboration between Microsoft and Corillian, users will be protected from a variety of identity related attacks, while enjoying improved ease-of-use. Corillian Intelligent Authentication™ will use the information stored on a card to build additional access signatures, thereby creating an additional level of strong authentication for the end-user. Corillian Voyager will support the integration of Windows CardSpace making it easier for end-users to log-on and conduct online banking.

“Corillian’s adoption of Windows CardSpace in its new solution, Voyager, demonstrates the increased level of security and simplicity customers require for online banking,” said Thom Robbins, director of NET Platform Product Management at Microsoft Corp. “With the recent general release of Windows Vista, we look forward to further customer adoption of the technology and support in our overall vision of an Identity Metasystem.”

For users of Internet banking powered by Corillian, Windows CardSpace will offer consumers enhanced online convenience, security and privacy. The strategic relationship streamlines the log-on process and eliminates the need for an end-user to enter a user-name or password. With an InfoCard issued by a financial institution, consumers will have the ability to purchase goods or apply for a loan without over communicating private information. In addition, the data is stored at the financial institution’s back-end system and only released when the user wants to “submit” their identity to a Web site. As a result, users are also protected against unauthorized account access from individuals who might have general access to the PC.

“Corillian is pleased to announce that we are integrating support for Windows CardSpace into our industry leading online banking products. Adding Windows CardSpace support is an important step in helping increase users’ trust in online banking. Windows CardSpace helps users sign-in to sites more easily while helping protect them from many forms of online identity attacks such as phishing and fraud,” said Chris Brooks, chief technology officer of Corillian.

Windows CardSpace provides consumers with a simpler and safer digital identity experience for online banking. It provides a common way for people to manage their digital identities. Using standard protocols, Windows CardSpace then retrieves a verifiable identity token from the selected identity provider and forwards the credential to the target application. This provides users with a simpler, security-enhanced and familiar sign-on experience that is consistent across all Web sites and Web services.

Through the Corillian Voyager platform, Corillian provides a comprehensive set of online banking, payment and security solutions that serve multiple customer segments within leading financial institutions. Corillian’s business-line solutions incorporate industry recognized best practices, which helps dramatically reduce costs and frees financial institutions to focus on achieving meaningful increases in revenues, margins and customer loyalty.

Intelligent Authentication is a non-intrusive, highly effective method of multi-layered authentication that helps financial institutions satisfy the recent FFIEC guidelines and ecommerce industry demands for stronger authentication of web site users. In addition to a user name and password, Intelligent Authentication collects and examines multiple patterns of online banking to determine when it is necessary to block or challenge suspicious visitors. This multi-layered authentication model is transparent to the end user and provides a user-friendly experience, while ensuring visitors to a Web site are legitimate before allowing users access to their banking accounts.

About Corillian Corporation
Corillian is the market leader of online banking, bill payment and fraud prevention applications to the financial services industry. With 28 of the top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers, Corillian serves over 25 percent of the online banking community. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Payments Warehouse, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics™ to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world’s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company’s Web site at http://www.corillian.com.

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Credit Union Selects Canadian Version of The Complete Credit Union Solution and Other Strategic Solutions

Open Solutions Inc.®, a leading provider of integrated, enterprise-wide data processing technologies for banks and credit unions throughout the United States and Canada, announced that Ontario-based Community First Credit Union has signed a seven-year agreement with Open Solutions for the Canadian version of the company’s enterprise relational data processing platform, The Complete Credit Union Solution®, and other complementary technologies to handle the credit union’s processing needs. Community First Credit Union is based in Sault St. Marie, Ontario and serves more than 15,000 members.

Established in 1948, Community First Credit Union has branches in the communities of Sault St. Marie and Timmins, and provides financial services to members throughout the province of Ontario, primarily in the Northern Ontario area. “A main focus of our credit union is to improve our members’ well being by understanding and responding to their financial priorities and needs, and technology plays a key role in this endeavour,” said Greg Peres, CEO, Community First Credit Union. “We needed an advanced, flexible core solution that would allow our employees to quickly and effectively respond to the ever-growing needs of our members and to manage an increasingly complex suite of products and services. More importantly, we were looking for a strong, capable organization to act as a strategic technology ‘partner’ to our credit union, allowing us to focus on our core competencies as a financial services provider. Our long term agreement underscores our belief that we have found our strategic vendor-partner in Open Solutions Canada.”

Peres continues, “We carefully reviewed banking system options and believe Open Solutions’ commitment to Canadian credit unions, coupled with the advanced technologies and services it offers, will enable our credit union to improve its operational efficiencies while supporting our mission of providing quality financial solutions and unsurpassed service to members of our community.”

Open Solutions Canada President Blair Goulet said, “We are delighted to welcome Community First as the first Ontario credit union to our growing Open Solutions Canada family. Community First is recognized as one of Ontario’s premier credit unions, known for their member focus, community involvement and service innovation. We are especially proud that Community First views our company as their strategic technology partner and look forward to working with them to help them achieve their business goals. We believe that by selecting Open Solutions Canada and our open, relational technology, Community First is making an investment in its future.”

Open Solutions Chairman and CEO, Louis Hernandez, Jr., also welcomed Community First as the first credit union in the province of Ontario to select Open Solutions’ core enterprise system as its banking platform and said, “Our relational data processing system, The Complete Credit Union Solution, was specifically designed to help credit unions better serve their members and streamline operations. We are proud to have been selected by such a leading and visionary credit union as Community First. We will work hard to support their service excellence and business growth goals.”

“The growth of Open Solutions’ presence in the Canadian credit union market has been exceptional,” Hernandez continued. “We now have clients in five Canadian provinces and a significant percentage of the country’s credit unions are committed to our technology platform. The movement away from legacy systems to more open technologies is clearly gaining momentum and we look forward to providing the marketplace with the next generation in technology.”

The Canadian version of The Complete Credit Union Solution localized the core banking product for the overall Canadian market with a particular focus in three areas: retirement accounts; loan and mortgage processing; and regulatory requirements. This localized functionality enhances a proven platform that was built around a powerful Oracle® relational database. It offers credit unions of all membership sizes the technology tools to succeed in a highly competitive financial services marketplace.

In addition to The Complete Credit Union Solution, the credit union will implement Open Solutions’ cView (CRM/business intelligence) and the financial accounting suite.

About Open Solutions Inc.
Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, interactive voice response, network services, Web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.

Open Solutions Inc. and The Complete Credit Union Solution are registered trademarks of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2007 Open Solutions Inc. All rights reserved.

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Solution enables banks to mitigate risks created by Check 21

Fiserv Imagesoft, a unit of Fiserv Inc., (NASDAQ: FISV) and CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, announced a partnership to provide financial institutions with a solution to eliminate the problem of duplicate payment postings and processing.

The immediate benefit of this partnership is to enable financial institutions to eliminate duplicate processing of payments. Duplicates are typically not identified until after customer accounts are posted. But with technology provided by CONIX Systems, Fiserv Imagesoft is now able to provide its customers with the means to identify and handle duplicates before they ever get posted inaccurately. 

Under this partnership, Fiserv Imagesoft customers, which include hundreds of financial institutions worldwide, can easily implement CONIX Systems’ newly announced Dupe Detective™. This product prevents the same item from being received and posted multiple times, thereby eliminating the associated liability risks, higher costs and customer dissatisfaction. It also prevents the same payment from being sent to the bank for collection multiple times, regardless of the payment source. Dupe Detective monitors check processing, ACH, lockbox and other payment systems to provide the broadest possible protection. Additionally, Dupe Detective provides Fiserv Imagesoft’s customers with the data needed to impose fees on institutions that send excessive duplicate items. 

 “CONIX Systems’ Dupe Detective solution comes at a time when it is most needed by the financial services industry, as the problem has been deeply exacerbated by Check 21,” said Ron Thompson, president of Fiserv Imagesoft.  “Combined with our FraudGuard and ExchangeGuard solutions, we believe Dupe Detective enables us to provide our customers with a more complete suite of products to mitigate the most dangerous risks associated with the exchange and posting of payments today.”

“Our goal at CONIX Systems is to anticipate the needs of our customers and provide the best technology to meet those needs at a cost-effective price,” said Frank Stokes, president, Technology Group for CONIX Systems. “Our partnership with Fiserv Imagesoft enables CONIX Systems to deliver new technology to a broader customer base.”

“As Check 21 continues to change the face of the payments industry,” adds Stokes, “Dupe Detective and similar tools will protect financial institutions and their customers from the unintended consequences of the payment processing evolution.” 

About Fiserv Imagesoft

Fiserv Imagesoft, a unit of Fiserv, Inc., has been providing imaging solutions to the financial services industry since 1989. The organization has maintained industry leadership by building dynamic, real-world, image-based solutions for financial services organizations of all sizes – including banks, thrifts, credit unions, brokerage and mutual fund companies, and service bureaus. Fiserv Imagesoft software is currently used by hundreds of financial institutions and other businesses in the U.S. and abroad. Fiserv Imagesoft is on the Web at www.imagesoft.fiserv.com.

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005.  For more information, please visit www.fiserv.com.

About CONIX Systems

CONIX Systems Inc. is a world leader in providing payment processing software and related services to the financial services industry. The company's products, in some form, touch or process an estimated 100 billion paper and electronic payments each year and handle virtually every aspect of payment processing – including work flow management, balancing, branch capture, corporate capture and electronic check presentment. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX Systems, Dupe Detective and other products and services, please contact Steve Fortson, managing director, sales at (877) 332-1858, email at msf@conix.com or visit the company’s Web site at www.conix.com.

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EGP/Financial Tradeware connectivity to enhance STP for subscribers to unique 'StatRate' tax information service

Financial Tradeware, provider of Portfolio and Fund Management Straight Through Processing (STP) solutions for investment managers, fund managers and hedge funds, announced that it has partnered with GlobeTax Data Services Inc. to provide secure and reliable access for a new tax information service offering, StatRate, via SWIFTNet FileAct, an automated messaging service that SWIFT designed to enable customers to exchange files. The service will be hosted by Financial Tradeware's sister company, Europienne de Gestion Privie (EGP).

StatRate is a corporate actions tax information data feed designed for financial services firms including; market reference data providers, custodians, brokers, asset and portfolio managers.

The agreement between Financial Tradeware and GlobeTax was signed at Sibos in Sydney and has been followed by sponsorship from eight SWIFT member institutions.  This allows GlobeTax, to provide a SWIFTNet-based accurate, real time information service to financial institutions and other companies via the EGP/Financial Tradeware communications platform.

"StatRate provides the statutory withholding tax rate plus market variance notes for over 148 markets and will be delivered automatically intra-day to subscribers," said Ross K. McGill, Director of Marketing at GlobeTax.  We're delighted to be working with Financial Tradeware on this product.  Their knowledge and experience of SWIFT will be invaluable as well as their connections across the European investment community."

Linda Bookheim, Senior Business Manager, SWIFT, said, "There is a clear need for this offering and it illustrates how new applications can be created using the SWIFTNet Data Distribution Solution.  The service will provide immediate benefits to SWIFT community subscribers to StatRate including increased STP and more accurate tax reclamation on corporate actions."

"The GlobeTax relationship allows us to expand our SWIFTNet capabilities and to realise economies of scale by using real time FileAct services in addition to our regular FIN, Crest and XML capabilities," said Graham Bright, Managing Director of Financial Tradeware. "We are pleased to support the StatRate service which will be a real enabler of STP for the securities industry. By leveraging our extensive knowledge of SWIFT, we enable a viable b.usiness case to be built for other companies who want to launch new applications using SWIFTNet as a distribution platform."

About Financial Tradeware
Financial Tradeware provides integrated solutions for small to medium sized Investment Management firms, Fund Managers and Hedge Funds, covering the full trade life cycle. It is part of the Dharma Group of companies and benefits from the joint contributions and experiences within the group of leading market traders, business analysts, financial services professionals and skilled Microsoft Certified programmers. The company has developed a suite of applications that integrate and Straight Through Process (STP) real-time trading, back office administration, accounting and compliance, and provides SWIFT connectivity services through its MA-CUG and Member Concentrator services. For more information see: www.f-tradeware.com

About GlobeTax
GlobeTax Data Services Inc. a subsidiary of Globe Tax Services Inc. provides market reference data products to the financial services and funds community.  Current products include StatRate - a market reference data feed of statutory withholding rates, and e-TaxData online - a web based tax rate research tool.  The parent company was formed in 1992 and is the pre-eminent provider of withholding tax processing services to the investment and financial services community.  The firm processes more than one million tax reclaims a year and provides tax processing services for issuers, depositaries, beneficial owners as well as outsourcing services for custodians and brokers. For more information see: www.GlobeTax.com

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Cites Green Armor’s Stronger Security and Better User Experience

First Bank, with nearly 200 branches in the United States and more than $10 billion in assets, announced that it has selected Green Armor Solutions to implement two-factor and site/mutual authentication to secure First Bank’s online banking systems. First Bank reported that the selection followed an exhaustive process of comparing and testing authentication solutions from numerous leading vendors.

Green Armor Solutions will enable First Bank to strengthen authentication for online banking and to meet FFIEC security guidelines without sacrificing user friendliness, and without forcing First Bank’s customers to endure enrollment processes or extra steps during each login. The system will also provide simple, straightforward, and psychologically efficient site authentication, helping to protect First Bank’s customers from phishing scams and related fraud without requiring effort by end-users.

"Both the security and usability of our online banking channel are absolutely critical to us at First Bank," remarked Michael Benney, Senior Vice President of Information Technology. "We thoroughly researched and compared authentication systems from numerous vendors before selecting Green Armor based on its unique strengths in the areas of both security and user-friendliness."

Green Armor Solutions' Identity Cues™ series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (users do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).

"We are excited to have been chosen as the authentication platform for First Bank, its affiliates, and its subsidiaries," said Shira Rubinoff, President of Green Armor Solutions. "First Bank’s due diligence during the vendor selection process demonstrates the significance it places on online banking, security, and customer satisfaction. The selection of Green Armor by such an institution highlights the superior nature of Green Armor’s technology and the true business value that our advantages bring to our customers."

More information about Green Armor Solutions and its Identity Cues series of products can be found on the Green Armor Solutions web site at: http://www.greenarmor.com/.

About Green Armor Solutions Inc.  

Green Armor Solutions offers innovative solutions to information-security challenges facing today's businesses. Its Identity Cues series of products (all patent-pending) leverage a unique blend of psychology and technology to help deliver maximum security with maximum user convenience. They provide strong two-factor authentication (exceeding FFIEC and NCUA guidelines) as well as effective site authentication (mutual authentication) that protects against phishing, pharming, and online fraud, while allowing users to continue to enjoy the simple, comfortable user experience with which they are already familiar. Identity Cues products can help companies address security and privacy requirements as part of compliance initiatives for FFIEC/NCUA Authentication, HIPAA, and GLBA. www.GreenArmor.com 

About First Bank

With over $10 billion in assets, First Bank is one of the largest privately owned banks in the United States. First Bank services customers throughout the United States, and operates nearly 200 branches in Missouri, Illinois, Texas and California. www.fbol.com 

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Leading Canadian Agricultural Lender Implements SAP Loans Management to Help Drive and Support Business Expansion

SAP Canada Inc. announced that Farm Credit Canada (FCC) has licensed the SAP^® Loans Management application to drive further growth of the Crown corporation. FCC has earned 13 years of consecutive growth in its core lending business, and the SAP application was acquired to enable FCC to continue growing by replacing outdated legacy systems.

The SAP Loans Management application is a key part of FCC’s five-year plan to eliminate the corporation’s existing single-purpose IT applications, which have reached their limits in terms of functionality and integration.

“Our loan portfolio is the backbone of our organization and our legacy loans system is ready for renewal,” said Paul MacDonald, senior VP and chief information officer for FCC. “We are taking a long-term view with our IT development, so we’re selecting gold-standard solutions and building robust, scaleable systems to manage and accelerate our growth while improving our operational efficiency and loan administration.”

The SAP Loans Management application, part of the SAP for Banking solution portfolio, will provide FCC with a comprehensive and integrated means to track the entire life-cycle of its loans, from origination to acquisition and maintenance. The application includes functions for loan administration and monitoring, the handling of payments and other transactions, and the management of bills and related statements. The SAP Loans Management application is also designed to handle the large amounts of data concerning customer loans and contracts. This extensive functionality enables financial organizations such as FCC to focus on strategy, results and growth.

The SAP Loans Management application, delivered through mySAP™ ERP 2005,  is  also designed to allow FCC’s 1,200 employees to provide an extraordinary customer experience through a more efficient loan transaction process.

“We process loans in our 100 locations across Canada primarily in smaller, rural communities,” said MacDonald. “Through the SAP Loans Management application, we will enhance our customer experience across the country by automating processes and solutions that will have the built-in-flexibility to quickly adjust to our customers’ ever-changing business needs.”

FCC is a recent addition to SAP AG’s stable of more than 600 financial services customers in 60 countries worldwide. Other SAP customers in the financial services sector include ABN Amro (Netherlands), Banco del Bajio (Mexico), Banesco Banco Universal (Venezuela), Belarus Bank (Belarus) and Center-Invest Bank (Russia).

 “Financial services firms compete in a fast-changing, complex and regulated business environment. Mindful of those factors, financial firms require efficient, flexible business systems that enable them to differentiate their offerings, gain competitive advantage and provide the exceptional products and services expected by their customers,” said Robert Courteau, president and managing director, SAP Canada. “By choosing SAP solutions, FCC reinforces the added value that SAP brings to respected banks and financial firms around the world, and as importantly, to their customers.”

About Farm Credit Canada

FCC is Canada’s largest provider of business and financial services to farms and agribusiness. Operating out of 100 offices located primarily in rural Canada, FCC employees are passionate about the business of agriculture. A healthy portfolio of $12 billion and 13 consecutive years of portfolio growth are a reflection of their customers' success. (Additional information at www.fcc-fac.ca)

About SAP for Banking
SAP for Banking is a solution portfolio that combines mySAP™ Business Suite applications and tailored functionality to meet the unique demands of financial institutions. With more than 600 customers in 60 countries worldwide, SAP for Banking provides an integrated set of tools and automated processes to manage every aspect of the front- and back-office banking environment—from high-volume transactional banking processes and customer relationship management to financial accounting, cost controlling and profitability and risk analysis. Based on the open architecture of the SAP NetWeaver® platform, SAP for Banking helps companies expertly manage transactions and relationships across the institution to quickly identify and exploit market opportunities and easily tailor new products to the specific needs of individual customers. (Additional information at www.sap.com/banking)

SAP Canada Inc., based in Toronto, is a fast-growing subsidiary of SAP AG, the world's leading provider of business software*. SAP applications are helping Canadian enterprises improve productivity and customer relationships, reduce costs, increase revenues and profitability, and create efficiencies across supply chains and business operations. SAP Canada has more than 680 customers and over 840 employees in five offices across the country. In addition, SAP Labs Canada develops cutting-edge software for a wide array of SAP applications from its Montreal location.

For further information, please visit www.sap.ca.

About SAP
SAP is the world’s leading provider of business software*. Today, more than 38,000 customers in more than 120 countries run SAP® applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol “SAP.” (Additional information at www.sap.com)

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

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Completes Installation of Remote Deposit Capture Solution in 266th Bank Client

Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, announced that the Remote Deposit Capture Solution provided by its ProfitStars division has now been selected by 350 banks.  Implementation of this solution has been completed in 266 of these banks, enabling deposited checks to be truncated at commercial customer locations.  ProfitStars’ industry-leading Remote Deposit Capture solution, which is marketed to financial institutions regardless of their core information processing solution, supports virtually any commercial entity that accepts checks as a form of payment.  This Web-based electronic payment processing system converts paper-based checks into electronic transactions, processes them through the ACH or Check 21 image exchange networks, automates returned check re-presentment, generates real-time reporting, and supports proactive risk management.  This innovative solution also supports one-time payments by accepting check and bank account information over the Internet and processing the transactions in a totally secure environment.  According to Leton Harding, executive vice president of Virginia-based First Bank & Trust, “Our decision to implement ProfitStars’ Remote Deposit Capture solution supports our bank’s fundamental commitment to provide highly competitive, convenience-driven financial products and services.  Remote deposit capture enables us to put our bank on the desk of our commercial customers, and seamlessly offer them a hybrid solution that combines the flexibility and immediacy of electronic payments with the ability to accept checks.  The ability to immediately capture check images and data, and to truncate checks at remote points-of-deposit generated operational and service-related benefits day-one that increase exponentially with every commercial customer that adopts our remote deposit capture solution.”  David Foss, general manager of ProfitStars, reported, “We are excited about the material growth we are experiencing with our Remote Deposit Capture solution, as well as its rapid adoption among our bank clients’ commercial customers.  During the past 12 months, we have added approximately 300 banks to our client roster, implemented the solution in more than 200 banks, and shipped more than 6,400 check scanners to our clients’ commercial customers.  The adoption rate among our bank clients’ customers also is growing rapidly.  During each of the past three months, approximately 350 of our bank clients’ commercial customers have implemented our Remote Deposit Capture solution.” Jack Prim, CEO of Jack Henry & Associates, said, “The tangible benefits that our Remote Deposit Capture solution is generating for our clients ultimately increases bank revenues and improves operating efficiencies by reducing the costs related to business deposit preparation, validation, transportation, and processing.  Our Remote Deposit Capture solution also enables banks to provide a highly competitive and high-demand service that enables their commercial customers to conveniently scan, submit, and deposit all of their checks electronically without leaving their place of business.”   About ProfitStars ProfitStars, a division of Jack Henry & Associates (Nasdaq: JKHY), provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.manageforperformance.com or by calling 877-827-7101. About Jack Henry & Associates Jack Henry & Associates, Inc. is a leading provider of integrated technology solutions and data processing services for financial institutions.  Jack Henry markets and supports its systems throughout the United States, and has more than 8,700 customers nationwide.  For additional information on Jack Henry, visit the company’s Web site at www.jackhenry.com.

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Exstream Software, Inc. announced that Celent, LLC, a leading research and advisory firm focused on insurance technology strategy, has recognized its client, the Principal Financial Group^®, for innovative use of technology in an agent portal initiative. The Principal^® was named a “Model Carrier Component” in the new report, Celent Model Carrier 2007: Case Studies in Effective Use of Technology in Insurance. The application used by The Principal was implemented using Exstream’s enterprise personalization software, Dialogue. Celent defines “Model Carrier Components” as key technology best practices that a “model carrier” would use to improve performance and meet market demands. The Model Carrier Components of the report were selected from over 100 insurers in the US and internationally by Celent’s team of insurance analysts.

The Principal earned recognition by using Exstream Dialogue to develop and deploy a web-based application that gives its sales force real-time access to customer-specific and pre-approved corporate information for dynamically producing client  sales presentations. The presentations are customized and given to prospective clients covering different retirement products and plan options. The Dialogue-developed web solution enables over 250 sales users to create personalized, high-quality sales presentations on demand with any combination of products. Online functions include viewing, editing and ordering. Using the web-based application, document preparation time for the fully customized  sales presentation was reduced from several hours to 20 minutes, resulting in a 75 percent cost reduction for the company. Additionally, providing real-time access to customer-specific information ensures that no matter what type of products or plan options are requested, each presentation is produced in a consistent way, supporting the company’s brand appropriately and in a compliance-approved manner.

“In the past decade, agent portals have gone from a novelty to a necessity for insurers. In many cases, they are the primary channel of communication between agents and carriers,” said Matthew Josefowicz, manager of Celent’s insurance practice and lead author of the report. “The initiative at The Principal is an excellent example of a best practice that uses today’s technology to help insurers improve performance, meet market demands and operate efficiently.”

“The Principal is a forward-thinking, innovative enterprise that is using Dialogue to its fullest capacity to improve both internal productivity and the customer experience,” said Michael Charest, vice president of insurance solutions for Exstream Software. “We are very proud of Celent’s recognition, and congratulate The Principal on their industry-leading Dialogue application.”

About The Principal Financial Group

The Principal Financial Group^® (The Principal ^®)^[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals.  A member of the Fortune 500, the Principal Financial Group has $215.0 billion in assets under management^[2] and serves some 16.4 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

Ranked among the world’s fastest growing technology companies, Exstream Software provides enterprise software solutions for businesses around the world to streamline document creation processes and produce higher quality, relevant communications of all types for delivery through print/mail and online channels. Companies in the financial services, insurance, healthcare, service provider, telecommunications, utilities, hospitality, retail, transportation, government and other industries benefit by getting communications to market as much as 85 percent faster, reducing document production  costs up to 80 percent, and as much as tripling customer response. Visit Exstream at www.exstream.com, or contact +1 859-296-0600 or info@exstream.com for more information.

^[1] "The Principal Financial Group" and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. All other trademarks are the property of their respective owners.

^[2] As of September 30, 2006.

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Growth in international hedge fund community drives market expansion

Financial Tradeware, provider of Portfolio and Fund Management Straight Through Processing (STP) solutions for investment managers, fund managers and hedge funds, announced the appointment of New York-based Computer Intelligence Group Inc. (CIG) as a new Business Partner, to bring the full range of Financial Tradeware's solutions to the North American and Caribbean regions.

Under the terms of the agreement CIG, an IT consulting and services company, will market, install and support the full range of Financial Tradeware solutions that deliver STP, real-time trading, back office administration, accounting and compliance.  These include Ultra.net(r), S-Messenger(r) and H-Fund(r), all built on Microsoft.NET technology, in addition to connectivity through accredited Member Concentrator services, serving the MA-CUG needs of smaller corporates and small to medium sized financial institutions.

"The explosive growth in the hedge fund market particularly in the USA, has led to a large number of smaller companies who need a cost effective solution to their global connectivity requirements.  This is our core market where we have a strong base of knowledge," commented Graham Bright, Managing Director of Financial Tradeware, "We wanted to work with a partner who understands the local markets and their accounting structures, such as Sarbanes-Oxley.  Therefore our solutions can provide the necessary STP and automation with the full front to back office audit capabilities required to meet local legislation."

CIG specialises in servicing businesses requiring an in depth knowledge of securitisation and risk management.  The partnership with CIG will be backed up by comprehensive resources and expertise from Financial Tradeware.

"CIG is experienced in providing customised and cost efficient solutions covering all aspects of the trading environment.  There was a close business and technical fit between CIG and the range of proven Financial Tradeware applications.  We know that there is a clear need and demand for these solutions in the markets that we are operating in," said Joe Feldman, Executive Vice President of CIG.

"We are continuing our strategy of working with established Business Partners in the world's major financial centres.  Financial Tradeware were aware of CIG's knowledge and experience through our relationship with SWIFT and have been impressed with their established reputation for providing application support and implementation services to the finance community.  We are looking forward to a mutually beneficial and prosperous long term relationship," concluded Bright.

About Financial Tradeware
Financial Tradeware provides integrated solutions for small to medium sized Investment Management firms, Fund Managers and Hedge Funds, covering the full trade life cycle. It is part of the Dharma Group of companies and benefits from the joint contributions and experiences within the group of leading market traders, business analysts, financial services professionals and skilled Microsoft Certified programmers. The company has developed a suite of applications that integrate and Straight Through Process (STP) real-time trading, back office administration, accounting and compliance, and provides SWIFT-accredited connectivity services through its MA-CUG and Member Concentrator services. For more information see: www.f-tradeware.com

About CIG
Computer Intelligence Group, Inc. (CIG) provides management and systems consulting services to the financial industry and in particular specializes in servicing businesses requiring an in depth knowledge of securities trading, processing and risk management.  Through industry and technical knowledge, CIG provides practical, customized and cost effective solutions to meet specific client needs, encompassing solutions that cover all aspects of the trading environment from sales and trading through to clearance and settlement.  For more information see: www.ciginc.com

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Leading Southwest Bank Selects Standards-Based PGP Solutions to Protect Customer Information

PGP Corporation, a global leader in enterprise data security and encryption solutions, announced that Texas State Bank has deployed the PGP® Encryption Platform. The bank is using PGP Universal™ Gateway Email to secure confidential information at the gateway and PGP® Desktop Email on the clients when communicating with customers and business partners via email. The bank is also using PGP® Command Line to encrypt data stored on servers or in transit over the Internet.

           Faced with a number of government and industry regulations, including the U.S. Right to Financial Privacy, Gramm-Leach-Bliley, and Sarbanes-Oxley acts, Texas State Bank sought an encryption solution that would enable compliance and allow secure communications with customers and partners. After evaluating several solutions, the bank selected the PGP Encryption Platform. PGP® encryption solutions are widely used within the financial services industry, giving Texas State Bank confidence in the robust platform. In addition, standards-based PGP solutions also simplified secure communications with customers and partners using a variety of platforms and applications.

            With the first PGP® application they deploy, organizations like Texas State Bank begin to realize the benefits of the PGP Encryption Platform. Additional PGP solutions leverage this common platform, providing lower operational costs and faster implementation compared to point solutions.

            “PGP Universal Gateway Email was easy to install and integrate with our existing IT infrastructure,” said Karen M. Gayhart, senior vice president for Network Operations at Texas State Bank. “With the PGP solution, we’ve been able to shift customer and partner communications from written correspondence and phone conversations to email, which is much more cost-effective.” 

            In a parallel project, the bank’s IT outsourcing department, The Data Center, needed to protect sensitive information such as payroll records and customer direct marketing data during FTP transfers between the bank, The Data Center, and other organizations. The Data Center chose PGP Command Line to encrypt the data flow between FTP servers and ensure the privacy of confidential data.

About PGP Universal Gateway Email

PGP Universal Gateway Email automatically secures confidential email with PGP encryption and digital signatures at the gateway, based on centrally defined policy. The encryption is completely transparent to the user, and email is automatically encrypted to match recipients’ encryption capabilities. 

About PGP Desktop Email

PGP Desktop Email provides enterprises with an automated, transparent set of encryption solutions to consistently secure confidential information in email sent from desktops and laptops.

About PGP Command Line

PGP Command Line enables organizations to automate encryption and signing of sensitive consumer and business information, securing it for local storage, transfer over the Internet, or backup.

About the PGP Encryption Platform

Based on a unified key management and policy infrastructure, the PGP Encryption Platform offers the broadest set of integrated applications for enterprise data security. The platform enables organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, PDAs, FTP, bulk data transfers, backups, and shared files on network storage. By implementing the PGP Encryption Platform, organizations can reduce security infrastructure complexity, lower maintenance costs, and realize a strong return on investment.  

About Texas State Bank

Texas State Bank is a wholly owned subsidiary of BBVA, a multinational financial services group that operates in 32 countries. BBVA stock trades on the Madrid stock exchange and its American depositary receipts trade on the NYSE under the symbol BBV. On September 31, 2006, BBVA had 7,465 branches, 96,369 employees, and total assets of US$510.4 billion.

About PGP Corporation

PGP Corporation, a global security software company, is the leader in email and data encryption. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, PDAs, network storage, FTP and bulk data transfers, and backups.

PGP® solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, and 87 percent of Germany’s DAX index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies’ brands and reputations. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

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