Source Technologies Introduces CheckPartner™ Payments System

-Software platform eliminates fraud by securely managing distributed check printing-

Charlotte, N.C., May 6, 2004- Source Technologies, the leading provider of integrated solutions for controlling financial transactions and other secure business processes, announced the availability of CheckPartner™, a Web-based disbursement management system. CheckPartner helps organizations easily and securely print, void, or reissue MICR-encoded (magnetic ink character recognition) checks, disbursements, and other transaction-related items. It enables organizations to easily import data from other business systems and manage disbursements such as printing checks or transmitting electronic payments, enterprise-wide.

When deployed with Source Technologies' encryption-secured MICR laser printers, financial institutions can expect to see at least a 50% reduction in process time for official checks, money orders, loan closing checks, and overpayment refunds. And because of its Disbursement Decision-Flow™ and auditing features, CheckPartner virtually eliminates official-check fraud, paid-unadvised charges, and time wasted tracking missing items or reviewing branch logs.

"Security is a central concern of financial institutions, and it will never be sacrificed for process improvement," said Miles Busby, president of Source Technologies". "CheckPartner increases security in paper disbursements while freeing bank staff to engage in more value-added activity. This is a win-win for security managers, operations managers, and the banking customer.

CheckPartner is a turnkey solution, including an easy-to-use Form Designer for creating document templates, Application Builder wizard for importing disbursement data from other business applications, and Application Server for managing processing options and security. Because it is Web-based, CheckPartner can be deployed wherever disbursements take place.

About Source Technologies
Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse™ family of self-service kiosks, Source Technologies offers secure disbursement software solutions and magnetic ink character recognition (MICR) printing solutions and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com.