AP Technology Names John Cipriano as Senior Vice President of Financial Services.

CARLSBAD, Calif. -- AP Technology, a leading provider of business-banking connectivity solutions, is pleased to announce that John Cipriano has been named Senior Vice President of Financial Services.

Mr. Cipriano joins the AP Technology team with over 32 years of banking experience in developing and delivering cash management products for the commercial market. His expertise in the areas of payments, payment risk, and optimizing bank products and services for businesses will enhance the marketing and sales for AP Technology's banking solutions.

"AP Technology's client-side banking solutions are designed to improve corporate client retention and satisfaction, while improving bank profitability through increased and more rapid adoption of a bank's online product and service offering. Mr. Cipriano's extensive knowledge and experience with bank product development makes him a valuable addition to our banking team and our marketing efforts," states Mr. Richard Love, Chief Executive Officer of AP Technology.

Most recently, Mr. Cipriano was engaged in several consulting assignments in quantifying and delivering Check 21 benefits to banks across the country. His experience includes over 25 years working with Regional and Money Center Banks in Cash Management Sales and Product Development as well as holding senior positions in Commercial Banks. In addition, Mr. Cipriano spent 5 years at Visa U.S.A., as the national sales manager for private sector ACH processing.

Mr. Cipriano has served as a board member and an active participant for key industry trade groups such as WesPay, NACHA and BAI. He regularly speaks for various trade groups, including the AFP, BAI, NACHA and regional trade association meetings. He is a graduate of Cornell University with a degree in Engineering Physics and also has an MBA.

Mr. Cipriano may be reached at 800-652-2877 x427 or 760-602-5427, or by email at [e-mail] .

About AP Technology

Headquartered in Carlsbad, California, AP Technology is a pioneer in MICR laser check printing and holds several technology patents. AP Technology develops leading solutions for MICR laser check printing, positive pay, and secure conversion, normalization and exchange of cash management data and information. AP solutions are connecting businesses and banks for automated, secure, cost-effective, and personalized data exchange. Established in 1989, AP Technology is a founding member of the elite Hewlett Packard PSP (Primary Solutions Partner) group, and has positive pay partnerships with the majority of the nation's leading banks. For more information on the company's business-banking connectivity and check printing solutions, visit www.aptechnology.com .

AP is a trademark of AP Technology.