Strong Growth a Result of RemitPro’s Innovation in Providing On-Demand Services for Mission-Critical Payments Applications

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Strengthening its category leadership in the financial services marketplace, RemitPro today announced outstanding revenue, customer and volume growth in 2005 for its Remote Deposit Capture Check21 application and services.

Strengthening its category leadership in the financial services marketplace, RemitPro today announced outstanding revenue, customer and volume growth in 2005 for its Remote Deposit Capture Check21 application and services.

RemitPro’s annual revenues increased 76 percent during 2005, and its customer base grew by 47 percent. With continuing growth in revenues from those 2005 contracts, coupled with new contracts and a strong forecast, RemitPro expects to exceed last year’s revenue growth rate in 2006.

Underscoring its growth, RemitPro’s processed almost $2.0B through its eRemitPro™ Remote Deposit Capture Solution. RemitPro has increased its staff, expanded its facilities, and invested significantly in computing infrastructure to support the current growth and prepare for the future.

“RemitPro continues to extend its leadership in the financial services market by delivering Check21 solutions that drive significant increases in funds availability and operational efficiencies for our customers,” said RemitPro CEO Jana Waughn. “As we move forward, our deep domain expertise and robust software applications coupled with the flexibility, scalability, reliability and security of our platform continue to provide real value to our customers and set us apart in the market.”

As proof of the superior value and customer experience provided by RemitPro, existing customers continue to significantly increase the volume of transactions they process through eRemitPro™. Additionally, RemitPro has recently signed several of the largest broker-dealers in the United States to its eRemitPro™ Check21 product.

“Many of the most prominent banks in the United States trust RemitPro to provide their clients with eRemitPro™ as the front-end Remote Deposit Capture application because our solution is very feature-rich and the banks are confident in our unblemished record of transmitting Check21 files to them accurately and on time for settlement on behalf of our mutual customers” said RemitPro’s CEO Jana Waughn.

Treasury management professionals clearly see the benefits of Remote Deposit Capture and Check21 electronic processing and depositing of checks. eRemitPro™ provides a feature-rich application for processing paper checks and converting them into Check21 transactions including image and data archival, management reporting, workflow and batch queuing and transaction posting to accounts receivable systems. Leading companies in these markets are deploying RemitPro solutions to address a broader, more complex mix of payments requiring accelerated funds availability while enjoying the benefits of streamlining back-office operations. These companies are using RemitPro to rapidly resolve payment exceptions and accommodate new regulatory requirements.

About RemitPro

RemitPro is a technology provider focused on treasury management and risk management solutions as a service bureau. RemitPro offers Remote Deposit Capture, Check21 and ACH solutions to facilitate cash receipt processing. RemitPro also offers comprehensive risk management for USA PATRIOT Act Compliance through its modular RiskAlert solution. Modules include Identity Validation of U.S. consumers, Canadian consumers, businesses and institutions and Global Watch List screening. For more information about RemitPro, please visit our website at http://www.remitpro.com or call us at 1-877-861-0005.

CONTACT:

Jana Waughn

RemitPro

877-861-0005 x103

http://www.remitpro.com

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Jana Waughn
REMITPRO
402-861-0005 103
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