Community State Bank Captures Israel with the Panini My Vision X(TM).

Remote Deposit Capture Allows the Bank to Expand Worldwide

DAYTON, Ohio -- A check cashing company in Israel is now able to cash U.S. checks in their country using the Panini My Vision X[TM]. Community State Bank (CSB), headquartered in Avilla, Indiana, is clearing the checks using their remote deposit capture (RDC) solution. The Israeli company simply scans the checks using the Panini My Vision X, transmits the check images electronically to CSB, and receives immediate funds availability.

"We were introduced to the Israeli company by Jaguar Software, provider of our RDC solution," says Julie Farver, Head of Data Processing, Community State Bank. "CSB was a perfect fit for the company because we could provide them with a cost effective solution accomplishing their need to cash U.S. checks."

"We never imagined offering remote deposit capture would allow us to expand our footprint to other countries," adds Farver. Community State Bank began imaging in 1998 with the Panini S1, a reader sorter operated in a centralized location. "When we decided to transition to distributed check capture, the Panini My Vision X was a natural fit because their hardware and services had been exceeding our expectation for years," Farver offers. "The Panini My Vision X is very easy to use and gives us the opportunity to image in a variety of environments."

In addition to using the Panini My Vision X[TM] 30 and SD models for remote deposit capture, Community State Bank is using the Panini My Vision X[TM] 90 for branch image capture. The bank images checks at the back counter in each of their branches, obtaining same day clearing with the Federal Reserve Bank.

"Community State Bank is demonstrating the business case for remote and branch capture," adds Doug Roberts, president, Panini North America. "They're a perfect example that community banks are taking immense advantage of this technology."

Panini is the market leader in distributed check capture with dominant market share, demonstrated best quality, and a rich history of innovation. As the market leader, Panini offers customers the lowest cost of ownership, best reliability, and broadest reach of industry partnerships. Panini's scalable check capture platform addresses the entire range of distributed check capture applications.

About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company's expertise in research & development. Panini's market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini North America, a wholly owned subsidiary, offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini's scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, cash vault, microfilm replacement and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

About Community State Bank

Community State Bank has been serving Noble County and Northeast Indiana since 1931 as a locally owned independent bank. CSB provides a complete range of financial products and services designed to meet the needs of their individual and business clients. CSB has full service bank offices in Avilla, Kendallville, Albion, and Wolf Lake, Indiana. For more information visit www.csbbankonline.com.

About Jaguar Software

Jaguar Software develops and provides digital check processing software that allows organizations to handle checks and payments with improved efficiency. Hundreds of community banks, as well as insurance, utility and other companies that process payments, utilize Jaguar's complete line of software products helping them improve efficiency, save time, and reduce operating costs.