REMITPRO ADDS COMPREHENSIVE REMITTANCE ADVICE PROCESSING TO ITS REMOTE DEPOSIT CAPTURE SOLUTION

Omaha, NE - 25 April 2008

RemitPro, a service bureau specializing in Remote Deposit Capture software announced today that it has added a number of new features to its solution. The most significant enhancement in the release of eRemitPro 4.0 is remittance advice/coupon processing capabilities. In addition to check scanning, customers can now scan documents and the application will balance the coupons to the check at both the transaction and batch level. RemitPro’s application takes coupon processing to unprecedented levels by allowing customers to scan one or many checks to one or many coupons while maintaining the integrity of the transaction and balancing the items. .

Customers can have an unlimited number of coupon templates pre-configured thus providing maximum flexibility for organizations that have multiple types of remittance advices. The application will systematically select the appropriate template “on the fly” thus accelerating the throughput of documents.

“We are very excited to release this new functionality into the application further strengthening RemitPro’s position as the leader in Remote Deposit Capture product feature functionality”, said Jana Waughn, CEO of RemitPro. “Our customers are looking for desktop lockbox capabilities and we responded with state of the art technology to enable efficient payment processing”.

Comprehensive CAR/LAR, OCR and IQA functionality is provided through Mitek Systems' ImageNet™ Payments Remote Remit. Mitek Systems' technology is a powerful check and coupon identification, extraction and signature detection application, optimized for Service- Oriented Architecture deployment. The patented technology breaks new ground in remittance processing as it's the first product that dynamically extracts data from a batch of coupons and checks with various designs – with little manual setup of coupons and checks.

"With Mitek System's proven technology, eRemitPro 4.0 continues to deliver effective Remote Deposit Capture software to its customers," said James DeBello, president and CEO of Mitek Systems. "Our industry-leading technology will ultimately help RemitPro customers save time and costs immediately upon implementation."

With the release of this software, RemitPro adds to its already rich product suite that includes general ledger interfaces, hierarchical reporting, web-based administration, and smart settlement routing based on MICR.

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