ATLANTA, March 20, 2007 (PRIME NEWSWIRE) -- Sustaining the momentum it achieved in core sales in 2006, Harland Financial Solutions announced it has signed five new contracts for its Phoenix System core processing solution in the first quarter of 2007. These new signings come on the heels of the company's most successful year-to-date for core sales. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
In the United States, Citizens State Bank of Woodville, Texas; First State Bank of Socorro, New Mexico; and Florida Coast Bank of Miami, Florida have all signed agreements to operate the Phoenix System through Harland Financial Solutions' outsourced processing services. Citizens State Bank and Florida Coast Bank, a de novo, both signed five-year contracts. First State Bank has signed a ten-year agreement.
Reinforcing the value of integration of core systems with ancillary products, each bank also licensed additional solutions from Harland Financial Solutions. Among these are Active:View Enterprise Content Management, Cavion Internet Banking, DepositPro(r) Deposit Account Platform, FMS Financial Management Software, Item Processing Services, LaserPro(r) Loan Origination with Compliant Documents, Remote Merchant Capture, Voice Master telephone banking, as well as Harland checks. The company's OpenPath(r) middleware solution, which enables seamless integration between its products as well as those of third-party providers, was also a key component of each decision.
Harland Financial Solutions' international customer base also continues to grow, with Bank of Butterfield in Barbados and The University of Western Australia Credit Union signing agreements for the Phoenix System's international core processing solution.
The company is pleased by the success it has experienced in the competitive core market during the last year. In 2006, sales opportunities across the Unites States and throughout the world added 30 new customers to Harland Financial Solutions' already extensive list of customers who utilize one of its three core solutions. New customers signed agreements to implement the Intrieve(r) Core System, SPARAK(r) System or Phoenix(tm) System for their core processing needs, and in many cases, other Harland Financial Solutions products.
Harland Financial Solutions attributes its growing success, at least in part, to its approach to customer relationships. "We understand that bankers don't want to work with a partner who is simply going to come in and sell them a system," said Bill Zayas, executive vice president of the Bank Core Systems Group, Harland Financial Solutions. "They are seeking a strategic advisor who understands the needs of their institution and will offer them products and services to effectively support their goals. They want a true technology partner for the long-term."
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self-service solutions and performance advisory services.
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.