ATLANTA, July 1, 2005 (PRIMEZONE) -- Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), has completed the first successful image exchange for Pelican National Bank utilizing its Intrieve(r) Item Processing Solution. Eight more financial institutions plan to switch to remote capture image exchange in the coming months, using the Intrieve Item Processing Solution.
Based in Naples, Florida, Pelican National Bank is a user of Harland Financial Solutions' Intrieve thrift core system, electronic banking solution, check & MICR printing solution, and Laser Pro(r) lending software. By utilizing Harland Financial Solutions' image exchange, Pelican is now able to optimize its float and is less vulnerable to fraud. Checks are scanned by a remote capture device that may reside at a single location or at every branch. These remote capture devices create electronic images of checks. The resulting images are sent to Harland Financial Solutions' Enterprise Services Center in Orlando, where they are routed electronically through the Zions Bank Net Deposit System for truncation. Through image exchange in a remote capture environment, the bank increases funds availability while eliminating holdover.
"The passing of Check 21 legislation has given rise to the electronic exchange of check images, modernizing item processing for the banking industry," said Beth Basil, senior vice president and general manager of Harland Financial Solutions' Intrieve Systems. "While many of our competitors are merely talking about image exchange, we are operational. Our Intrieve Item Processing Solution enables financial institutions like Pelican National Bank to process and truncate checks -- without the physical checks ever leaving the branch. This increases security and speeds processing."
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to over 6,000 financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions delivers core systems, item processing, payment processing, electronic document management, financial accounting systems, electronic documents, deposit and loan origination, customer relationship management, compliance training, branch automation, mortgage lending, and solutions consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, deposit and loan origination, platform, teller, call center, mortgage, business intelligence, core systems, and customer relationship management systems. Harland's printed products offerings include checks, direct marketing, and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management, and interpretation of data to the financial, commercial, and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief, or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.