ATLANTA, Aug. 29, 2005 (PRIMEZONE) -- Demonstrating the momentum of its core banking solution, the Phoenix(tm) System, Harland Financial Solutions announced today seven new banks have signed agreements to operate the product in an in-house or outsourced environment. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH). The Phoenix System currently services 122 clients globally.
Lydian Private Bank, headquartered in Palm Beach Gardens, Fla., is the Phoenix System's newest in-house client. The bank, with assets of $1.4 billion, currently uses Harland Financial Solutions' INTERLINQ(r) loan servicing product and knew that it would continue to receive the exceptional service it has come to expect from the vendor.
To Lydian Private Bank's CEO Rory Brown, having his core vendor understand the organization's business model was also important. "We've had an excellent relationship with Harland Financial Solutions over the past few years," said Brown. "It was important to us that they truly understand our bank and our unique needs."
Private Bank of Minneapolis, Minn. joins a number of clients that have implemented the Phoenix System in an outsourced environment. The nine-year-old bank has assets of $124 million and specializes in private banking. A key factor in their decision to utilize the Phoenix System was the openly integrated technology and the references they received from existing customers.
"We are really impressed by the technology of the system," said Co-founder and CEO David Waldo. "After speaking with some existing clients about their experiences with Harland Financial Solutions, we knew we were making the right choice." In addition to the Phoenix System, the bank will license Pro Suite(r), CaptureQuest(r) and Intrieve Item Processing.
Other new Phoenix System clients include Community National Bank of the South of Lake Mary, Fla., a de novo that also will be utilizing Harland checks, Pro Suite, Intrieve Item Processing, and CaptureQuest; First Community Bank of Harlingen, Texas, which also will license Encore!(r) under its new contract; First National Bank of Pasco of Dade City, Fla. which currently also uses Intrieve Item Processing, Laser Pro(r), Deposit Pro(r), Sales Pro(r) and Harland checks; Northside Bank of Adairsville, Ga., a de novo that will license Pro Suite, CaptureQuest and Intrieve Item Processing under its new agreement; and Shoreline Bank of Shoreline, Wash. which currently also uses Laser Pro, Deposit Pro, FMS Financial Accounting Suite and Harland checks.
"The Phoenix System offers superior benefits to our clients. The momentum we have seen in recent months reinforces the banking community values, its advanced capabilities and the flexibility provided by the XML interface," said Bill Zayas, senior vice president and general manager of the Phoenix System. "Its easy integration and platform independence enable our clients to utilize the technology of their choosing, allowing them to leverage both their existing and future investments."
Harland Financial Solutions offers its Phoenix System through both in-house and outsourced environments. Clients selecting the outsourced model are processed through a state-of-the-art Enterprise Service Center in Cincinnati, Ohio.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to over 6,000 financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions delivers core systems, item processing, payment processing, electronic document management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, check & MICR printing, mortgage lending and solutions 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 & 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.