At the SIA Technology Management Conference in New York, June 8-10, 2004: SunGard‘s Phase3 Uses RemitPro to Provide USA PATRIOT Act Compliance Solution for Broker/Dealers.Phase3-RemitPro solution provides individual and business identity validation

Bedford, MA – June 8, 2004 – SunGard Securities Processing, an operating group of SunGard (NYSE:SDS), announced today that it has launched an anti-money laundering compliance solution in accordance with the USA PATRIOT Act for its Phase3 securities processing system using RemitPro. With RemitPro's Risk Alert solution, broker/dealer users of Phase3 now have a one-stop management tool for identity validation on both individual and business accounts, Office of Foreign Assets Control (OFAC) screening, rules-based anti-money laundering, fraud detection and prevention, and regulatory reporting.

"RemitPro's Risk Alert combined with Phase3 provides a complete compliance solution that meets the needs of both our retail and institutional customers," said Gerard Murphy, president of SunGard Securities Processing’s Phase3 unit. "We are proud to offer our customers this world-class solution, demonstrating our commitment to deliver the highest level of service and value to our brokerage customers."

RemitPro's Risk Alert receives Name and Address information directly from Phase3 and compares the information with various databases to verify the identity of existing, new and potential customers. The broker/dealer can determine the frequency of Phase3 Name and Address data feeds to suit their specific needs. Once suspicious accounts are identified, RemitPro generates a report for the firm to provide to the government as required. Phase3 will also use RemitPro's enhanced global watch screening, a feature RemitPro plans to launch in the third quarter of 2004.

"It is a pleasure working with SunGard, as it is a respected leader of new technology and fresh approaches for achieving the best results for our mutual customers," said Jana Waughn, president and chief executive officer of RemitPro. "The synergies shared by RemitPro and SunGard in delivering solutions under the ASP model allows us to provide best-of-class solutions in a cost-effective and continuous manner."

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