Charities Aid Foundation Go-Live on ActiveBank

London, 5th May 2005 – Financial Objects, a leading supplier of advanced technology banking software and services, today announced that CAF (Charities Aid Foundation), the not for profit organisation which is committed to effective giving, has gone live with the first phase of its activebank retail solution. This involves activebank being used to run CAF’s Give As you Earn product offering. CAF currently runs Give As You Earn schemes for over 7,000 of the largest employers in the country, processing donations from more than 350,000 employees totalling an estimated £62,000,000 worth of donations per year to UK charities.

Teresa Merricks, Executive Director Information Systems, comments: "We are very pleased with the professional and flexible approach of Financial Objects, and their help and hard work to ensure that the go-live was successful is greatly appreciated. Our team is looking forward to jointly implementing the next phases of this project."

Stewart Foster, Managing Director for the ActiveBank Division, Financial Objects, says: "CAF is unique in the breadth of services and expertise that they provide in support of UK charities and business. Subsequently their use of our activebank technology to run their operations is equally exceptional among financial service companies. This "uniqueness" of approach is testament to the product’s flexibility and the skill of the team involved in this complex project."

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