ATLANTA, Feb. 3, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), announced today that it has signed an agreement with Mosaic Software, a leader in the world market for Electronic Funds Transfer (EFT) and financial services transaction processing software.
The partnership will provide customers utilizing the ULTRADATA(r) System the opportunity to take advantage of Mosaic's industry-leading software product, Postilion. The combination of these two technologies will provide credit unions utilizing the ULTRADATA System with the ability to cost effectively drive their own ATMs in-house, as well as provide the capability to quickly add new transactions for enhanced customer convenience and service.
The ULTRADATA System is an integrated group of solutions ranging from front- to back-end applications, including lending, collections, remote banking, business intelligence, core processing and card solutions. The ULTRADATA System's Online Card Services solution is a fully integrated program that provides comprehensive EFT capabilities for Debit Cards, Point of Sale (POS) and ATM processing with a real-time link to EFT network switches.
Postilion is used worldwide for ATM processing/monitoring, EFT switching and routing, POS, credit/debit card processing, Internet/call center payment authorizations, prepayment transactions, mobile commerce, Triple-DES and EMV enablement applications.
The Postilion product is an easy to use, easy to implement, Windows-based platform that reduces transaction-processing costs, improves analytical capabilities of customer transactions and increases overall transaction revenues.
According to Jim Berthelsen, senior vice president and general manager of Harland Financial Solutions' Credit Union Core Systems group, "We continuously search for superior products available in the EFT marketplace to serve our clients' needs. With the Postilion products we feel we provide another opportunity for customers when making their EFT network selection."
"We look forward to working with Harland Financial Solutions and the ULTRADATA System clients to provide advanced products and services," stated Johann Dreyer, chief executive officer of Mosaic Software. "By establishing this relationship with the leading provider of credit union host application software we collectively provide an unsurpassed total transaction processing solution for the Credit Union market."
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 Mosaic Software
Mosaic Software (www.mosaicsoftware.com) is a leading-edge provider of electronic funds transfer (EFT) software for consumer-generated electronic transactions, and is the market leader for web-enabled ATM and prepay software solutions. Mosaic's family of products, named Postilion, is a comprehensive software solution designed to effectively handle the transaction delivery and authorization requirements of every aspect of the EFT arena.
Founded in 1994, Mosaic Software's U.S. corporate office is in Deerfield Beach, Florida. The firm also has offices in the United Kingdom, Australia, and South Africa. The company has over 500 installations in more than 30 countries, providing leading-edge transaction processing software solutions to financial institutions, retailers, network processors, card issuers, mobile operators, and portals.
About Harland Financial Solutions
Harland Financial Solutions (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.