ATLANTA, Jan. 16, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE:JH), today announced the introduction of the Dedicated Hosting Service version of its ULTRADATA(r) Core System for Credit Unions. Los Angeles Schools Federal Credit Union (FCU), an ULTRADATA System client since 1991, is the first institution to embrace the new delivery option.
The Dedicated Hosting Service is a new extension of the traditional service bureau model. By enabling a financial institution to operate in an outsourced, service bureau environment, yet utilize its own independent hardware, this new delivery model gives customers complete flexibility without limitations as to the variety or scope of technology applications they can host and when upgrades are performed.
Harland Financial Solutions' Enterprise Services Center delivers the ULTRADATA System as an online service bureau offering to more than 220 credit unions nationwide. The company serves an additional 150 credit unions with its in-house version of the system. The addition of the Dedicated Hosting Service option adds to the choices offered to credit unions looking for more control in an outsourced environment.
With the addition of L.A. Schools FCU, Harland Financial Solutions' Enterprise Services Center now serves over one million credit union members. With 24,000 members in the Los Angeles unified and community college school districts, the credit union will be the first to run all of its ULTRADATA System solutions, including core processing, front and back office, lending, remote delivery and card solutions, under the Dedicated Hosting Service.
"We are very excited about the opportunity to outsource the hosting and management of the ULTRADATA System and all its components under the new Dedicated Hosting Service," said Terry Janke, president and CEO of L.A. Schools FCU. "With this new option, we get all the flexibility and control of an in-house system combined with the security benefits, convenience, and savings provided from a hosted, service bureau environment. This new delivery mode will enable us to focus on growing and serving our membership rather than managing the system internally."
The Enterprise Services Center is Harland Financial Solutions' state-of-the-art data center, providing complete data protection, uninterrupted service and technical expertise 24-hours a day, 7 days a week. The Center delivers this level of service by deploying multiple measures for system availability and data security, using the latest industry standard hardware and software backed by a team of veteran technical experts to support clients.
"The Dedicated Hosting Service is already sparking interest amongst many potential credit union clients," said Dick Neri, senior vice president and general manager of Harland Financial Solutions' Enterprise Services Center. "This new delivery model enables us to offer another choice to credit unions looking to outsource in a service bureau mode, yet maintain full control and flexibility with regard to the products they use and when they use them."
ULTRADATA is a registered trademark and Dedicated Hosting Service is a trademark of Harland Financial Solutions, Inc.
About Harland Financial Solutions
Harland Financial Solutions (http://www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes. Harland Financial Solutions is a leader in deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, customer relationship management systems, 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.