ATLANTA, Jan. 9, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE:JH), today announced that five more credit unions have chosen its ULTRADATA(r) System core service bureau offering. These signings extend the ULTRADATA System's reach to nearly 450 clients, half of which utilize the service bureau solution.
Adding five more clients demonstrates the continued momentum of the ULTRADATA System within this market segment. The new credit union clients include: $133 million First Flight Federal Credit Union in Havelock, North Carolina; $16 million Capital City Press Federal Credit Union in Baton Rouge, Louisiana; $44 million California Preferred Credit Union in San Francisco, California; $35 million Carolina Foothills Federal Credit Union in Spartanburg, South Carolina; and $109 million Alcoa Tenn Federal Credit Union in Alcoa, Tennessee.
"Harland Financial Solutions' service bureau delivery of the ULTRADATA System is an excellent option for those credit unions that desire the functionality of an in-house system, but who are seeking the added convenience and affordability offered in a service bureau environment," said Jim Berthelsen, senior vice president of Harland Financial Solutions' Credit Union Core Systems Group.
During their credit union's search, Kathy Smith, chief executive officer of Capital City Press FCU, was encouraged by positive responses from current ULTRADATA System service bureau users. "Comparing the experience of the ULTRADATA System's service bureau offering with other systems was like comparing night and day. We feel comfortable relying on Harland Financial Solutions, knowing that it has over 20 years of credit union industry core system experience and over 12 years of credit union service bureau experience."
California Preferred Credit Union's chief executive officer, David Waterman, says, "We've been looking for a total solution that will help us provide more services to our members while providing a more streamlined operating environment for our employees. With the ULTRADATA System and Harland Financial Solutions, we'll be able to do just that. We're happy to be part of such a robust solution and such a wide choice of applications all from one technology partner."
Harland Financial Solutions' Enterprise Services Center delivers the ULTRADATA System as an online service bureau offering to 225 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 clients.
ULTRADATA is a registered 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 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.