Goldleaf Technologies' Goldleaf Client Has Rapid Client Adoption

Total Automation, Detailed Reporting and Online Access Position ACH Origination Solution to Lead Industry in ARC and RCK Check Conversions

BRENTWOOD, Tenn.--(BUSINESS WIRE)--April 29, 2003-- Goldleaf Technologies Inc., a leading provider of ACH and Web site solutions to community and regional financial institutions, debuted its browser-based, financial institution-branded automated clearinghouse file origination and transmission solution, Goldleaf Client.
The solution significantly reduces the expense of delivering ACH origination services to commercial customers by eliminating onsite software installations and updates.

"Although most banks have some level of ACH and cash management functionality in their core processing solutions, those applications tend to be very basic and yield the bare minimum in functionality," said David Peterson, executive vice president of Goldleaf Technologies. "Goldleaf Client offers a secure, NACHA compliant transaction management system, including a Transaction Wizard that inputs all transaction data from a single page. We created this ACH origination solution with bankers, regulators and commercial customers in mind. The solution melds complete ACH automation, reporting features and secure 24-hour online access for business owners."

Commercial customers can easily access Goldleaf Client from a hyperlink within the financial institution's Internet Cash Management solution or home page. In addition to using the more cost effective Internet delivery channel, Goldleaf Client provides greater control of originator functionality for the financial institution. Goldleaf Client incorporates a fully integrated, industry standard desktop scanner for electronic check capture and image storage for accounts receivable/lockbox conversions (ARCs) and returned check conversion (RCK).

"NACHA's creation of the ARC and RCK transaction types has radically changed the competitive landscape for electronic payments," said Paul McCulloch, president of Goldleaf Technologies. "Even more important than the opportunity for increased fee income for the bank is the dramatic increase in the number of competitors for each financial institution's commercial customers. Many third party vendors are already aggressively marketing these new transaction types to many banks' most profitable commercial customers. The Goldleaf Client solution was developed so bankers can leverage technology for the competitive edge. The Goldleaf solution positions banks to win--fee income, customer loyalty and prospective business in their marketplace."

Originators benefit from easy to use MICR data importing and check imaging to speed collections and eliminate the handling of paper checks. Financial institutions offering Goldleaf Client create opportunities to increase non-interest fee income and enjoy a significant cost advantage over competitors that are not capable of originating electronic check conversions.

Goldleaf Client includes optional scanning functionality for the origination of ARC and RCK transactions. This enables the automated import of transaction data from paper checks into Goldleaf Client consistent with NACHA requirements. Goldleaf Client also allows the creation and management of all applicable NACHA transaction types.

Since making the Goldleaf Client product available to its current customer base of more than 1,800 institutions in October 2002, more than 100 of Goldleaf's banking customers have purchased the solution.

About Goldleaf Technologies Inc.

Brentwood, Tenn.-based Goldleaf Technologies Inc. is a privately held financial services company, offering ACH origination and processing solutions, as well as highly customized dynamic Web sites for financial institutions and other organizations. Goldleaf uses 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.

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