Legent Clearing selects RemitPro for Check21 desktop processing

OMAHA, NE, May 2, 2005 – RemitPro LLC, a leading provider of treasury management and risk management solutions to the securities industry today announced that Legent has implemented eRemitPro, a Check21 application for processing incoming cash receipts. Legent has deployed the solution in their home office and plans to deploy it to their correspondents over the course of the next several months.

"Providing a faster and more secure electronic method to process paper checks is a tremendous benefit to Legent customers," said John Kopecky, Senior Vice President and Chief Financial Officer of Legent. "Serving our correspondents is the cornerstone of our business, and speed and efficiency in our operation is a key component of that strategy. Legent is excited about working with the eRemitPro technology and gaining the efficiencies that Check21 provides."
eRemitPro is highly configurable thus the application can be designed to suit the needs of each client. Through the use of our application and Web-based reports, our solution is easy to use, quick to deploy and requires very little IT support.

"RemitPro specializes in customizable solutions for the securities industry," said Jana Waughn, President of RemitPro. "Our expertise ensures that Legent is equipped with a customizable solution that fits their check processing needs. The RemitPro solution is bank agnostic which enables Legent to utilize the bank of their choice to clear and settle the funds."

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