ATLANTA, July 5, 2006 (PRIMEZONE) -- Harland Financial Solutions' ULTRADATA(r) System for core processing now features Strunk & Associates' Overdraft Privilege(sm) program thanks to a new partnership between the two companies. Strunk & Associates, LP is a Houston-based financial institution advisory firm and leading provider of overdraft payment services for financial institutions. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
Today, an increasing number of credit unions are becoming concerned with the margin compression in their lending portfolios. Consequently, the need to generate fee income has become their number one priority. Strunk's Overdraft Privilege program enables clients to generate a significant increase in NSF related fee income while ensuring they will remain in absolute compliance with the current regulations and best practices.
"Credit unions are an important part of our target market, and Harland Financial Solutions' ULTRADATA System has been well-received by credit unions nationwide," said Dick Gowdy, executive vice president of Strunk & Associates. "This alliance enables both companies to more efficiently serve the market. We can also serve as an information resource for credit unions shopping the services we provide."
Executive vice president and general manager of Harland Financial Solutions Credit Union Core business David McConney said the company is excited about the opportunity to partner with Strunk & Associates. "As a premier overdraft payment program provider, we will have no hesitation in referring our credit union clients to Strunk."
About Strunk & Associates, LP
In business since 1976, Strunk & Associates, LP is a financial advisory service recognized nationally for its innovative design, development and implementation of the original "Overdraft Privilege Service Program." Strunk & Associates, LP currently has well over 1250 verifiable Overdraft Privilege Service clients throughout the United States and the Caribbean.
For more information on Strunk & Associates, LP, go to their Web site at www.strunklp.com.
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 core systems, item processing, payment processing, enterprise content management, financial accounting systems, electronic documents, deposit and loan origination, customer relationship management, compliance training, branch automation, mortgage lending, and solution 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.