Goldleaf Technologies Partners with Intelligent Banking Solutions; Alliance Will Enable IBS Customers to Make Quicker Collections.

Business Editors

BRENTWOOD, Tenn.--(BUSINESS WIRE)--July 25, 2003

Goldleaf Technologies Inc., a leading provider of ACH and Web site solutions to community and regional financial institutions, has partnered with Intelligent Banking Solutions Inc. (IBS), New London, NH, to provide an ACH-enabled collection service allowing IBS system users to accept promises to pay as checks over the telephone.

"We formed a partnership with Goldleaf Technologies because they have a product that we thought our client base and our prospects would be interested in, which is offering collection of checks by phone," said Charlie Bowden, senior vice president for sales and marketing at IBS.

IBS's software is geared to collections departments and financial institutions. Bowden explained that IBS's customers spend a lot time calling delinquent customers requesting they make payments. Often times, the delinquent customer has money in the bank at the time of the call; but by time the check arrives, the funds have been allocated elsewhere.

"The software allows IBS customer banks to collect past-due credit accounts more efficiently by enabling the collection officer to initiate an ACH transaction upon the customer's authorization. The call is recorded, as required by ACH rules, in case the customer later disputes the transaction," said David Peterson, executive vice president of Goldleaf Technologies.

This provides several advantages, according to Peterson. ACH transactions usually post at the end of the business day. So the bank benefits from the reduced float. Additionally, the collection officer ensures there are sufficient funds in the account when the payment is authorized. So there's little chance of insufficient funds being in the customer's account once the ACH transaction is authorized. Another advantage is that ACH transactions tend to take precedence over check transactions. "Therefore, a customer with $500 in his account who authorizes a $500 ACH payment and has a $500 check come in for payment the same day will have the ACH payment approved and the check returned," said Peterson.

"We are very optimistic about implementing this service," said Bowden. "Some customers have told us that this functionality could reduce their transactions by 50 or 60 a day. Goldleaf also was able to implement this as a way to let the IBS customer receive both the DDA debit and loan credit in the automated ACH file, thus totally eliminating the need for any manual posting of this dual transaction. This is an even bigger time-saver for already busy collections departments."

IBS and Goldleaf Technologies have co-branded a Web site, that once live, will allow IBS's customers to access the site and enter the check information to complete the transaction.

"We view partnerships as a way to grow our company. Our partnership with Goldleaf Technologies will provide a service that will help make delinquencies go away significantly faster," said Bowden.

About IBS

IBS is the premiere provider of debt management solutions to the financial industry. Introduced in 1989, IBS collections and asset recovery software is now in use at more than 270 banks and credit unions in 39 states with a licensed base of 1,100 users.

Privately held, IBS always has been and remains exclusively dedicated to enhancing and growing its software's functionality for credit professionals at financial institutions. IBS prides itself in its people, from their innovative development teams to friendly and knowledgeable technical support and installation staff.

For additional information about IBS, email [e-mail] or visit its Web site at www.ibshome.com.

About Goldleaf Technologies Inc.

Brentwood, Tenn.-based Goldleaf Technologies Inc. is a privately held financial services company, offering ACH solutions and highly customized dynamic Web sites for financial institutions and other organizations. Goldleaf utilizes innovative marketing strategies and software solutions to help financial institutions retain valuable customers, add new customers, increase core deposits, and create recurring fee income.

Goldleaf's ACH solutions, built on both Windows and browser-based technology, are used by financial institutions and clearinghouse organizations throughout North America. The company also specializes in custom Web site creation and secure hosting for financial institutions, winning national awards and recognition for function and form. Goldleaf has a proven track record with more than 1,800 financial institutions and strong alliances with the world's top core technology providers and endorsements from many state banking associations.

For additional information about Goldleaf Technologies call 877.999.2262 or visit its Web site at www.goldleaf.com.