The PrivateBank Increases Efficiencies with Goldleaf's Remote Deposit Express.Technology vendor one of the first to provide remote deposit solution with Web-based CAR/LAR service
BRENTWOOD, Tenn. -- Please replace the release dated Dec. 12, 2007 with the following corrected version due to multiple revisions.
The corrected release reads:
THE PRIVATEBANK INCREASES EFFICIENCIES WITH GOLDLEAF'S REMOTE DEPOSIT EXPRESS
Technology vendor one of the first to provide remote deposit solution with Web-based CAR/LAR service
Goldleaf Financial Solutions, Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
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GFSI Gallagher Financial Systems, Inc. ), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Chicago-based Private Bancorp's Georgia Georgia, country, Asia
Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. subsidiary, The PrivateBank has been able to significantly improve read rates and increase efficiencies through the Web-based CAR/LAR service of Goldleaf's Remote Deposit Express (RDX RDX Cyclotrimethylenetrinitramine (CAS Number 121-82-4)
RDX Russian Depositary Index
RDX Research and Development Explosive (less common)
RDX Hexahydro-Trinitro-Triazine ).
On average, The PrivateBank transmits between 13,000-15,000 items a month, comprising more than 70 percent of the total number of the bank's items that are running through remote deposit. According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the bank, the CAR/LAR enhancement presents significant time-savings to its customers, as well as read rates close to 90 percent. For some of the bank's larger volume customers, it has reduced the scanning time by half.
"With the Goldleaf enhanced CAR/LAR feature, our clients were able to streamline its operations while reducing the time it took us to proof our merchant deposits," said Colleen col·leen
An Irish girl.
[Irish Gaelic cailín, diminutive of caile, girl, from Old Irish. Conaty, associate managing director at The PrivateBank. "Business clients have been able to achieve greater productivity and near flawless read rates. Goldleaf has the most robust remote capture solution in the market, and its help desk and support are easily the best in the industry. With Web-based CAR/LAR, RDX is a key differentiator for our bank, especially when competing for core deposits in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. climate."
Through its technology license from Parascript, an image analysis and pattern recognition technology provider, Goldleaf becomes one of the first remote deposit capture providers to offer a true Web-based CAR/LAR service.
"We are pleased to be working with Goldleaf to enhance productivity of remote deposit capture by offering best-of-breed courtesy and legal amount recognition technology," said Mike Fenton, vice president of sales and operations for Parascript. "Parascript's capability to recognize data from checks and other images is very valuable for remote deposit tasks such as Goldleaf's Web-based CAR/LAR service."
Mark Hancock, executive vice president and managing director of The PrivateBank said, "We have received very positive feedback from our clients on the advantages of RDX's CAR/LAR, which we consider a testament to our success. RDX integrates seamlessly with our core processing system, and as a Web-based solution, offers every benefit from convenience to cost and time savings."
"The PrivateBank has been able to enhance its business and increase its customer's level of satisfaction through our product," said Lynn Boggs, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Goldleaf Financial Solutions. "Using our Web-based CAR/LAR solution allows financial institutions, like The PrivateBank, to leverage technology while increasing the accuracy of information, therefore enabling the bank to be better equipped for today's competitive marketplace. Goldleaf understands a bank's commercial customer relationships very well and because of that understanding we are able to help institutions make money and prosper."
Goldleaf Financial Solutions, Inc., offers a strategic suite of integrated technology and payment processing solutions to community financial institutions. Goldleaf's products and services enable community financial institutions to succeed in today's competitive market, solidify so·lid·i·fy
v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies
1. To make solid, compact, or hard.
2. To make strong or united.
v.intr. their trusted financial relationships, expand their community presence and improve profitability through the efficient use of technology. Goldleaf works with clients through the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Caribbean and Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . For more information about Goldleaf and its set of solutions, please visit the company at www.goldleaf.com.
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2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement
Certain statements made in this press release may constitute forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause the Company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties associated with the ability of the Company's suite of products and services to enhance the competitiveness of its clients. These and other risks and uncertainties the company faces are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions investors that any forward-looking statements made by the Company are not necessarily indicative of future performance. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.