CONIX Systems Officially Introduces New Products Suite; Enables Financial Institutions to Better Manage and Capitalize on Check 21 Requirements.

MANCHESTER, Vt. -- CONIX Systems Inc., the leading provider of item processing solutions to the financial services industry, announced today the official availability of its new product suite designed to provide a flexible, high quality image processing environment for all check processors: the ImageAnalyzer (IA)(TM), a sophisticated image quality assurance system; Remote Item Processing Solution (RIPS)(TM), a small-to-medium volume-specific electronic image capture system; and IRD Print, a scalable printing solution.

Utilizing recognition technology from Parascript, IA provides users with a comprehensive image analysis tool that performs all of the ANSI x9.37 image quality checks, as well as a usability analysis on all critical areas of each check to ensure that the image is useable within a Check 21 environment. IA can be used as the core of an image quality control process that evaluates items on a sampling or other basis. A flexible reporting system provides analysis data on a per-item basis as well as roll-up reports for an overall view of image processing quality. The ImageAnalyzer can be activated by any application within the enterprise, allowing the user financial institution to set identical quality standards and tests for every image source.

Designed specifically as a cost-efficient alternative for branch, customer and other remote capture requirements, RIPS provides a fully functional item processing system that allows users to continuously change their processing approach as image processing and exchange evolves. RIPS includes image capture/image POD, reject repair and x9.37i capability. RIPS also integrates with external systems like IBM's imageGateway to provide remote image capability to IBM's imageCPCS system.

IRD Print provides financial institutions with the ability to print Image Replacement Documents (IRDs) as required by the recent Check 21 legislation by converting an x9.37i file into printed image replacement documents using a wide variety of magnetic ink character recognition (MICR)-capable printers. In addition, this product matches the electronic MICR data and the OCR MICR line on the images to ensure that the printed IRDs are exact duplicates of the original checks without changing current item processing processes, and correcting for keying and other errors that are in the MICR data.

"Check 21 legislation has increased the level of complexity that bankers must address when processing checks," said Frank Stokes, president, Technology Group of CONIX Systems Inc. "Our focus with the introduction of this new product suite is to help our customers best meet these requirements while enabling them to capitalize on the opportunities that this new challenge brings to their business. In doing so, we have simplified the entire issue of image quality and usability for our customers and allowed them to concentrate more attention on running their operations and serving their customers."

About CONIX Systems

CONIX Systems Inc. is a world leader in providing item processing software and related services to the financial services industry. The company's products, in some form, touch or process an estimated 100 billion paper and electronic items each year and handle virtually every aspect of item processing -- including work flow management, balancing, branch capture, and electronic check presentment. CONIX software and services are used by approximately 90 percent of the largest banks in the country. Founded in 1992, the company is headquartered in Manchester, Vt., with offices throughout the United States. For more information about CONIX and its products and services, visit its Web site at www.conix.com.