ATLANTA, Aug. 28, 2006 (PRIMEZONE) -- Harland Financial Solutions is demonstrating its commitment to helping banks deal with the regulatory challenges surrounding suspicious customer activity through a preferred partnership with Banker's Toolbox, Inc. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
The Bank Secrecy Act Anti-Money Laundering Management System (BAM) is Banker's Toolbox's complete end-to-end software system that provides solutions for researching, analyzing, identifying, documenting and reporting suspicious customer transactions. The application aggregates, compiles, stores and analyzes data to identify high-risk accounts and activities for easy monitoring. It also helps identify suspicious activities and electronically files Suspicious Activity Reports -- all within a single interface.
Harland Financial Solutions intends to integrate BAM with its existing core banking solutions: the SPARAK(r) System and the Phoenix(tm) System. BAM will augment the anti-money laundering (AML) functionality which is native to those systems.
"The integration of the BAM solution will enhance our core anti-money laundering capabilities," said Tom Berdan, vice president of product management for bank core systems at Harland Financial Solutions. "This technology is an excellent fit with our core banking solutions and enables our customers to comply with the requirements of the Bank Secrecy Act."
"We are honored to be given this designation by such a reputable organization," said Daniel Cho, founder and CIO of Banker's Toolbox, Inc. "With BAM, community bankers are equipped with the tools necessary to proactively comply with the AML requirements of the USA PATRIOT Act. Banker's Toolbox designed BAM with the community banker in mind, and we look forward to working closely with Harland Financial Solutions to enable its customers to identify and successfully mitigate money laundering."
About Banker's Toolbox, Inc.
Founded in 2000 and headquartered in Los Angeles, Banker's Toolbox, Inc., specializes in providing enterprise software solutions designed to increase operational efficiencies, improve customer satisfaction and enhance internal controls for community and regional banks. Banker's Toolbox' line of software systems consists of solutions for money laundering detection and reporting, wire processing automation, employee training and testing and customer account summary notification. The company's unique employee roster of seasoned bankers and information technology consultants specializes in designing, developing, installing and implementing information management and communications tools that are customized for the banking industry. Additional information about Banker's Toolbox is available via the company's website at www.bankerstoolbox.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. 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, card programs, electronic funds transfer (EFT), fraud prevention, 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 & 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.