ATLANTA, Nov. 12, 2003 (PRIMEZONE) -- Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE:JH), today announced that it has surpassed the one million mark for the number of credit union members running on its ULTRADATA(r) System service bureau. Members served by credit unions running the company's in-house version of the system add an additional six million to the count, representing more than $53 billion in credit union assets.
Located in West Des Moines, Iowa, Harland Financial Solutions' Enterprise Services Center delivers the ULTRADATA System as an online service bureau offering to more than 220 credit unions nationwide. The Enterprise Services Center was formed earlier this year as a result of Harland Financial Solutions' acquisition of Premier Systems, Inc. During 2003, six credit unions joined the ULTRADATA System service bureau, including Los Angeles Schools Federal Credit Union, which lifted the company over the million-member threshold.
"This milestone is a testament to the innovative solutions we've been able to consistently provide for almost 12 years with the ULTRADATA System," said Dick Neri, senior vice president and general manager of Harland Financial Solutions' Enterprise Services Center. "This continued momentum further demonstrates our leadership in the outsourced credit union segment with more and more clients adopting our delivery option to help them streamline their organizations."
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.
"With both the in-house and service bureau delivery options available, we've seen our ULTRADATA System clients move from one to the other as their requirements change," said Jim Berthelsen, senior vice president and general manager of Harland Financial Solutions' Credit Union Core Systems Group. "This type of flexibility is one of the many choices valued by our ULTRADATA System clients, including the ability to select from multiple hardware platforms, databases, operating systems, and a complete selection of front-office, back-office, and remote banking applications from Harland Financial Solutions and other third party providers. The flexible choices and openness offered by the ULTRADATA System offers our clients unparalleled optimization and preservation of their technology investments."
Harland Financial Solutions serves an additional 255 credit unions with its PC-based CuServ(tm) core system, designed for small credit unions. In total, the company delivers core system technology to over 680 credit unions touching every segment of the industry.
ULTRADATA is a registered trademark and CuServ 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) (http://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 (http://www.scantron.com), a wholly owned subsidiary, is a leading provider of both paper and electronic-based 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.