Treaty Oak Bank Chooses Goldleaf to Provide Remote Deposit Service

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Solution offers remote Web-based submission of check deposits from merchant sites.

Goldleaf Technologies, Inc., a leading provider of Web-based ACH and check conversion solutions, announced today that Austin, TX-based Treaty Oak Bank has chosen its Remote Deposit Express™ solution to provide business customers with remote Web-based truncation and submission of check deposits.

“This is a very exciting technology that will dramatically improve our ability to serve clientele quickly and efficiently,” says Sandra Ellsworth, Treaty Oak Bank CFO. "Goldleaf’s solution will allow our business clients to deposit checks daily without coming in to our offices or relying upon a courier service," she adds. "As a new bank with only one local office and a focus on small to mid-size businesses, Remote Deposit Express is the right solution at the right time."

Remote Deposit Express is a Web-based, bank-branded, front-end solution that requires no software installation. Merchants scan, truncate, and submit checks electronically through a secure, 128-bit RS4 encrypted Internet connection. Financial institutions may process the standardized X9.37 check image files electronically or on paper as substitute checks, making implementation of Remote Deposit Express independent of an institution’s Check 21 readiness on the backend.

"Though a young bank, Treaty Oak’s organizers and management team comprise an impressive roster of seasoned experts in every facet of financial services," says Goldleaf Technologies CEO, Paul McCulloch. "Treaty Oak understands the implications of automating check deposits from the business site, and Remote Deposit Express will enable the bank to leverage its payments franchises fully and bolster its deposits," he continues. "As their name signifies, Treaty Oak is well positioned to thrive and endure for years to come."

Remote Deposit Express is a simple, optional module on the existing Web-based Goldleaf Client system that many financial institutions already use to provide ACH origination services. As such, financial institutions may now offer remote deposit (i.e., check truncation) services and/or ACH origination/check-conversion services to participating businesses via a single Web-based, front-end solution using a single check scanner.

About Treaty Oak Bank

Austin, TX-based Treaty Oak Bank is publicly owned by more than 500 community shareholders located in and around Austin. Treaty Oak Bank embraces the latest technologies, but not as a substitute for building personal relationships. Treaty Oak Bank insists that technology serves as a reinforcement of its promise to provide superior, individualized service. This blend of valued tradition coupled with cutting-edge technology allows Treaty Oak Bank to offer a truly refined banking experience. For more information, call (512) 617-3600 or visit http://www.treatyoakbank.com.

About Goldleaf Technologies, Inc.

Brentwood, TN-based Goldleaf Technologies, Inc., is a privately held financial services company offering Web-based ACH, check conversion, and remote deposit solutions as well as dynamic, feature-rich websites and intranets for community financial institutions. Goldleaf’s e-payments solutions help financial institutions attract and retain profitable customers, increase core deposits, and generate recurring fee income. Goldleaf serves over 2,500 financial institutions nationwide. For more information, call (877) 999-BANC or visit http://www.goldleaf.com.

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Angela Williams
GOLDLEAF
615.250.2108
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