Bank Up Continues Strong Growth In Attracting New Remote Corporate Capture Customers

Bank Up Corporation, a growing provider of imaged-based payment technology solutions for financial institutions, has reported significant growth in its Remote Corporate Capture solution. Bank Up also announced recently a strategic alliance with Rigel Banking Software Alliances of Springfield, MO to expand Bank Up's footprint for its payment processing solutions outside of the western United States.

Bank Up has been expanding its payment processing capabilities throughout the western United States. The Company has added customers in Alaska, Washington, Oregon as well as a growing base of bank customers in California. These new customers are allowing Bank Up to become a formidable provider of Remote Corporate Capture in the market. Bank Up is currently processing over $100,000,000.00 each month in remote deposits for over 300 client bank customers throughout the western United States. Bank Up's primary focus has been with banks with assets of under $1B looking for an ASP (Application Service Provider) solution for remote capture. "These banks are typically looking for flexibility and scalability in their offerings. They want a cost effective solution for deploying hardware, software and maintenance and the ongoing technical, marketing and sales support that arises from the implementation of this new technology," said Michael Santimauro, CEO of Bank Up. As Remote Corporate Capture becomes more widely accepted by financial institutions, its benefits for customer service are practical, economical and efficient. The strategic benefits of assisting financial institutions to increase core deposit growth are also a major benefit of this technology. "By combining a total deployment solution offering with sophisticated, yet extremely easy to use feature-rich technology, the Bank Up solution is gaining wide acceptance in the marketplace." Bank Up utilizes the Wausau "best in breed" platform for its Remote Corporate Capture solution.

Bank Up has formed a strategic sales alliance with Rigel Banking Software Alliances of Springfield, MO. Rigel will provide sales support for Bank Up in Arkansas, Missouri, Kansas and Oklahoma. "The Bank Up solution for Remote Corporate Capture is very complementary to the Rigel solutions being offered to our Midwest clients," said Sean O'Connell, CEO of Rigel. "Rigel's goal is to forge relationships and generate sales for best of breed banking software and service providers. Those relationships must be with companies that have a commitment to integrity and customer satisfaction," O'Connell explained.

In addition to the Bank Up Remote Corporate Capture solution, Rigel Banking Software Alliances represents software applications for tracking and document management, core application processing as well as M&A and risk-based consulting services. "Bank Up's commitment to their growing customer base, in addition to their great software platform is a perfect fit for Rigel".

About Bank Up Corporation
Bank Up Corporation is a total payments solution provider to financial institutions and government agencies. The Company has been in business since 1985. Bank Up provides Payment Contingency Solutions (Disaster Recovery) for item and remittance processing. These solutions are delivered through centers in San Ramon, CA and El Monte, CA. Solutions are available for hosted data backup and recovery of critical client information. Bank Up also provides Payment Processing Solutions offered remotely through the Company's secure, hosted ASP in San Ramon. Remote Corporate Capture, Remittance Processing and Item Processing solutions are available to those customers looking to implement an immediate and cost effective "total solution" for those payment products. The Company's solutions are all image-based and integrate the capabilities of core processing, branch revitalization and end user image exchange capabilities. Bank Up is SAS 70 Levels 1&2 certified. Bank Up has a strong commitment to cost effective solutions and exemplary customer service.

SOURCE: Bank Up Corporation