ATLANTA, Jan. 15, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE:JH), today announced that two of its customers utilizing its ULTRADATA(r) System have received Outstanding Processor awards from CO-OP Network, the leading ATM network provider.
TRW Systems Federal Credit Union (FCU) and Los Angeles Police Federal Credit Union (FCU) were recognized at the recent EFT Users Conference in New Orleans for outstanding online performance in their respective groups. During July 2002 to June 2003, both credit unions achieved 99.92% average response rates. For online approval rates, TRW Systems FCU achieved 96.31% and Los Angeles Police FCU had 94.62%.
TRW Systems FCU had the best performance in Tier 3, those credit unions with a transaction volume of 250,000-499,999 transactions per month. Los Angeles Police FCU was the best performer in Tier 4, credit unions with a transaction volume of 100,000-249,999 transactions per month.
"This award is quite an honor considering the growing volume of card transactions we've been experiencing over recent years," said Stephen Endaya, president and CEO of Los Angeles Police FCU. "We consider this product one of the most critical services we can provide our members."
To be eligible to achieve Outstanding Processor status with the CO-OP Network, a credit union must be a Principal Member of the CO-OP Network, be an online processor for a continuous 12 month period, have had no software vendor conversions, and meet the minimum standard response rate of 97% as well as the minimum standard approval rate of 85%.
TRW Systems FCU received this award for the time period prior to its merger with Western Federal Credit Union.
About CO-OP Network
CO-OP Network (www.co-opnetwork.org), established in 1981 and located in Ontario, California, is wholly-owned by its credit union shareholders and provides volume discounts on products and services that include risk management as well as debit and deposit access. With nearly 1,500 credit union members, more than 18,000 surcharge-free ATMs, 70 million monthly transactions and 16 million cardholders, CO-OP Network is the No. 1 credit union ATM network in the U.S. financial services industry. CO-OP Network, whose membership has access to 800,000 ATMs worldwide through links to Star, Cirrus and Plus, also offers national shared branch services through its subsidiary, Service Centers Corporation, based in Southfield, Mich.
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) (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.