ATLANTA, Nov. 14, 2006 (PRIMEZONE) -- Three new credit union clients have joined the more than 200 credit unions utilizing UltraData(r) Enterprise in an outsourced environment. Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Company (NYSE:JH), provides in-house and service bureau core processing solutions to more than 600 credit unions nationwide.
I.L.W.U. Credit Union in Wilmington, California chose the dedicated hosting option utilizing credit union-owned hardware located in Harland Financial Solutions' state-of-the-art Enterprise Services Center in Des Moines, Iowa. Dedicated hosting provides ultimate flexibility for the credit union with all the security benefits, convenience and savings of an outsourced environment.
"Our previous core system was much more rigid and cumbersome," said John Coleman, president and chief executive officer of I.L.W.U. "We are excited to be moving to the UltraData Enterprise system and to have the ability to utilize integrated applications on a platform that will position us well to attain our growth objectives."
Pacific Resource Credit Union of Los Angeles, California, and Tacoma Longshoremen Credit Union of Tacoma, Washington, also signed up for service bureau delivery of the UltraData Enterprise solution. Both credit unions will also be served from Harland Financial Solutions' Enterprise Services Center.
When comparing core providers, these credit unions found Harland Financial Solutions' extensive experience delivering core system processing in a service bureau environment a distinct advantage. James McHale, president and chief executive officer of Pacific Resource Credit Union said, "We were looking for a partner who could provide us with a comprehensive solution that will foster growth and enable us to better serve our membership. We also sought a solid, stable company experienced in the outsource business."
David McConney, executive vice president and general manager of Harland Financial Solutions' Credit Union Core Systems group, understands the critical role service excellence plays in a client's success. "Our employees are passionate about delivering a service experience to our clients that is second to none. This commitment is manifested in our client-centric approach to providing products and services based on a client's unique needs. We are pleased to welcome these new clients to the UltraData family."
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, electronic funds transfer (EFT), 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.