eGistics Chairman & CEO Bob Lund Predicts Hosted Archives Will Be a Breakthrough for Optimizing Distributed Capture.

ATLANTA -- In a presentation today at the Global Concepts Check Forum, Bob Lund, chairman and CEO at eGistics, Inc., predicted that financial institutions can significantly improve the return on investment of their distributed capture initiatives by taking advantage of hosted services for the archive, management and delivery of images and related data. Lund presented with Steve McNair, president of FTP Consulting Services, Inc.

According to Lund, the rapid adoption of distributed capture is encouraging more banks to marry the benefits of check electronification with hosted archive, management and delivery services, enabling the creation of new workflow-based applications that reduce or eliminate paper friction.

This approach has the potential, Lund argues, to put banks in more control by creating a flexible platform for emerging electronic payments initiatives; providing a launching pad for proposed image-on-demand concepts; allowing financial institutions to overcome the daunting time and cost hurdles in deploying in-house archival solutions; extending archival beyond checks; and providing the world-class security and on-demand availability both banks and their clients require. Lund believes financial institutions will increasingly focus on the security of their archives, as they migrate to distributed, electronic clearing environments.

"The embrace of distributed capture and electronic clearing technologies is forcing banks to rethink the paradigm of the in-house, application-specific archive," said Lund. "In today's financial services climate, with check capture quickly becoming decentralized and check clearing becoming electronic, banks are rethinking how they can enable innovation to occur."

"Banks I talk to are abuzz about hosted archival and its ability in a Check 21 environment to improve item and transaction handling, provide specific cost savings, meet high security and availability standards, handle customized business processes such as same-day decisioning, and increase bank competitiveness through new service and revenue opportunities," Lund declared. "There's no going back. Banks want to apply the new hosted archive paradigm to optimize their Check 21 initiatives and grab new opportunities."

Hosted archive, management and delivery through the eGistics technology platform enables remote deposit capture users to efficiently archive and index check images and data, while providing immediate availability when, where and how it is needed by banks and their clients alike. This unique business model provides a thin client interface, eliminating upfront investments in archival hardware and software, while offering high customization and rapid deployment. It also provides the best possible security in a distributed capture environment.

About The Check Forum

The Global Concepts Check Forum is the industry's premier roundtable where financial institutions, technology providers, and industry experts explore critical issues driving the item processing industry. Members convene three times annually to discuss critical topics with their peers. The Check Forum provides a uniquely collegial and confidential setting for information exchange. It also leverages Global Concepts' experience in check processing to deliver case studies, original research, in-depth discussions, and a synopsis of each meeting.

About eGistics, Inc.

eGistics pioneered the use of on-demand image and document management and delivery services in the financial services marketplace. Today, its Infinite Digital Architecture (IDA) archives billions of images and supports mission-critical payments applications for the world's leading financial services companies. Through its on-demand business model, eGistics has consistently delivered significant business benefits for payments applications such as retail and wholesale receivables processing, check processing/Check 21, medical payments processing (EOBs) and records management, and loan processing/management. For more information about eGistics visit www.egisticsinc.com or call 214-256-4600.

"eGistics" and variations of the name are the property of eGistics, Inc., and are protected pursuant to an application filed with the United States Patent and Trademark Office.