FirstMerit Bank in full production with Surecomp's front-to-back trade finance solution

Hoboken, New Jersey – July 26, 2005 – Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the wholesale banking industry announced today that FirstMerit Bank of Akron, Ohio, is in full production with Surecomp’s integrated front-to-back office trade finance solution.

FirstMerit, which traces its history back to 1845, is one of the top 60 banks in the U.S., backed by $10.5 billion in assets. The Bank originally licensed NetIMEX, Surecomp’s Internet-based trade services solution, designed for use by the Bank's corporate and commercial customers, and IBSnet, Surecomp’s SWIFT Ready Gold accredited, back office trade finance product in May 2004.

Announcing that the Bank was in full production with NetIMEX and IBSnet, Christina Moinette, FirstMerit’s Senior Vice President & Manager of the International Division said, "From the outset we had no doubt that Surecomp would meet our aggressive implementation requirements and enable us to be in production with NetIMEX and IBSnet in a minimal timeframe. Now with the powerful combination of NetIMEX and IBSnet, we are able to offer our commercial customers a completely seamless customer-to-bank-to-customer trade finance solution."

Steve O’Brien, Surecomp’s Vice President, Customer Services, North America added, "We were aware that the Bank was aiming to achieve a fast return on it’s investment by having the system up and running in the shortest possible timeframe. I am delighted that we have proven yet again that Surecomp’s strengths lay not only in the development of world-class software but in the in-depth professional services required to support such software."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development