ATLANTA, Dec. 17, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), announced today that thirteen new credit unions in the last 90 days have committed to implement its core processing systems, ULTRADATA(r) System and CuServ(tm) Evolution. CuServ Evolution currently serves over 250 credit unions nationwide, and the ULTRADATA System serves more than 425 credit unions nationwide in both in-house and service bureau environments.
E-Central Credit Union of Pasadena, California, is Harland Financial Solutions' most recent in-house ULTRADATA System customer. Mike Theodore, chief executive officer of E-Central Credit Union, says, "We looked at a number of leading core providers and the clear, safe choice for us was Harland Financial Solutions and the ULTRADATA System. We look forward to this comprehensive solution assisting us in growing our current membership of 24,000 with the addition of new self-service channels and business services. In addition, we expect increased internal efficiencies by providing our staff with one common platform to work with as well as an integrated document management solution."
Other ULTRADATA System customers include N.A.E. Federal Credit Union of Chesapeake, Virginia; Halliburton Employees' Federal Credit Union of Duncan, Oklahoma; Winston-Salem City Employees' Credit Union of Winston-Salem, North Carolina; Nordstrom Federal Credit Union of Seattle, Washington; and Montrose Federal Credit Union of Montrose, Colorado.
Iowa-based Creamery Credit Union, Montana-based Shelby Community Federal Credit Union, N.G.P.L. Employees Credit Union of Iowa, Abyssinian Baptist Church Federal Credit Union of New York, Newell Rubbermaid Federal Credit Union of Illinois, Ogden Wonder Federal Credit Union of Ogden, Utah and Valley Wide Federal Credit Union in Verna, Utah join CuServ's growing customer base of satisfied customers. CuServ Evolution is a turnkey hardware and software solution designed for smaller credit unions. It features a Windows-based teller platform that includes item processing for share drafts, loans, deposits, payroll and an integrated general ledger. A robust report writer and image ID capability is also available, along with optional features for Internet banking, telephone banking and credit bureau reporting and workflow management.
"We continue to experience momentum of both the ULTRADATA System and CuServ Evolution with credit unions making the move to both service bureau and in-house delivery," said Raj Shivdasani, president of Harland Financial Solutions' Core Systems Group. "As credit unions continue to discover the many benefits offered in an outsourced environment, such as leveraging hardware, system administration, maintenance, regulatory compliance, disaster recovery and security, they are able to leave the technical side of the business to the Harland Financial Solutions experts and focus on serving their members. At the same time, many credit unions prefer maximum control of their core system, which we deliver with our in-house solution. Choices continue to drive our competitive advantage."
Harland Financial Solutions' Enterprise Services Center delivers the ULTRADATA System as an online service bureau offering to credit unions nationwide. Located in West Des Moines, Iowa, the Enterprise Services Center is a 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 customers.
CuServ is a trademark, and ULTRADATA is a registered trademark of Harland Financial Solutions, Inc. All other brands and products or services are trademarks and/or service marks of their respective owners, may be registered, and should be treated appropriately.
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 deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, check imaging, item processing, document management, customer relationship management, 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.
Risk Factors
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.