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SOLUTRAN ANNOUNCES GENERAL RELEASE OF ITS PAYMENT DECISIONING ENGINE

Solutran also announces support for ECCHO image exchange processing rule set

Minneapolis – (May 2, 2005) – Solutran®, a leading provider of treasury management services, today announced the general availability of its payment decisioning engine. This engine allows banks and corporate clients the ability to send check payment files to one location for least cost settlement routing. Solutran, in its Minneapolis processing center, will prepare and settle ACH, substitute check, and image exchange files for its clients. Paired with Solutran’s leading returns engine, all payment types are consolidated into one view for the corporate client. Financial institutions have the ability to private label this service for their corporate customers. 

Whether items are captured in a high volume ARC environment, a retail merchant, or a drop box application, they will be routed through the payment decisioning engine for least cost routing, based on client parameters and rules. 

“Our clients are telling us that the decision for the settlement route needs to be handled centrally.  With deep experience in depository, returns, ACH and paper processing, Solutran is uniquely positioned to provide knowledgeable support for financial institutions’ payment initiatives. As a payment processor, we understand the unique requirements related to settlement, controls and risk management,” said David Roy, VP Business Development.

A bank that partners with Solutran will quickly see that their total solution will put them far ahead of the competition. 

“Our reporting capabilities, tied to our processing, are well known and position us as the market leader. We have now extended our reporting to include all aspects of remote capture and payment decisioning,” said Roy.

ECCHO Rule Set Support

In preparation for image exchange, Solutran is announcing its support for the rule set defined by ECCHO and will build its business rules in compliance with ECCHO requirements. “ECCHO’s rules make the most sense for us and are the standard for image exchange going forward,” said Roy.  

About Solutran

For over 20 years, Solutran has provided a full range of treasury management solutions to corporations and financial institutions. Solutran's customized solutions span the payment spectrum, from paper check processing and conversion to fully electronic payment processing. Services offered include depository processing, accounts receivable truncation, controlled disbursement services, and returned check management and conversion services. Headquartered in Minneapolis, Solutran maintains relationships with ten affiliate-processing centers across the United States and Canada. For more information, visit Solutran’s website at www.solutran.com or call 888.SOLUTRAN (888.765.8872).

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