ATLANTA, Nov. 30, 2004 (PRIMEZONE) -- Ten financial institutions have engaged Harland Financial Solutions, Inc. in the last 70 days for its CheckQuest(r) image-based item processing solution. Harland Financial Solutions is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
The new customers include Dolores State Bank, Dolores, Colorado; Midland Community Bank, Kincaid, Illinois; First State Bank, Picher, Oklahoma; Bank of Wyandotte, Wyandotte, Oklahoma; State Bank & Trust, Kenmare, North Dakota; First National Bank & Trust, Williston, North Dakota; Rake Savings Bank, Rake, Iowa; Frost State Bank, Frost, Minnesota; First National Bank, Milaca, Minnesota; and Citizens State Bank, Waverly, Iowa.
CheckQuest provides financial institutions with a high-performance check imaging and item processing solution that enables them to take full advantage of the efficiencies created by Check 21. Its Credence Assisted Balancing feature improves item processing by applying specialized recognition technology to automate and expedite the balancing process. Harland Financial Solutions acquired CheckQuest, along with the CaptureQuest(r) electronic document management solution, from Poway, California-based Mitek Systems, Inc. in July 2004.
"CheckQuest's courtesy amount recognition / legal amount recognition (CAR/LAR) feature was a strong selling point for us," explained Doug Aiken, executive vice president/cashier, Dolores State Bank in Dolores, Colorado. "We were also very excited about the efficiencies and savings we will receive from CheckQuest, as it will allow us to capture images and quickly forward them to our correspondents for collection, reducing the need for the ever-increasing courier and microfilm costs."
"It is not surprising to see the CheckQuest product performing so well in the market," said Bill Zayas, senior vice president and general manager of Harland Financial Solutions Bank Core Systems Group. "As financial institutions prepare to take advantage of Check 21, CheckQuest will position them for growth through highly competitive, cutting edge technology, backed by the proven stability of Harland."
CheckQuest and CaptureQuest are registered trademarks of Harland Financial Solutions, Inc.
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. Harland Financial Solutions is a leader in deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, check imaging, item processing, document management, customer relationship management, and compliance training software.
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 & 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.