Southwest Corporate Federal Credit Union Selects Viewpointe for Image Exchange

PLANO, Texas & NEW YORK--(BUSINESS WIRE)--Feb. 7, 2006--The Nation's second largest corporate credit union, Southwest Corporate, announced today that they have selected Viewpointe as a strategic check image exchange partner. Through Viewpointe's Pointe2Pointe(TM) service, the 1,200 credit union members of Southwest Corporate will be able to take full advantage of the efficiencies associated with Check 21 legislation by directly exchanging check images and information with Viewpointe's growing network of image partners.

"Through our relationship with Viewpointe, credit unions serviced by Southwest Corporate are even better positioned for electronic check processing," stated Brad Ganey, Director of Item Processing Services at Southwest Corporate. "Most of our member credit unions are 100% truncated and are looking for innovative ways to further improve check and payment processing systems. The exchange opportunity between Viewpointe's members and Southwest Corporate's customers is significant and will assist us in providing the most efficient payment services to our members."

"Southwest Corporate is an influential partner- and represents a large base of 1,200 image exchange endpoints for our customers," said Lou Buglioli, Viewpointe's Chief Executive Officer. "They will be a significant addition to our network, and will clearly have a hand in speeding the adoption of industry image exchange and check electronification."

The addition of Southwest Corporate expands the potential Viewpointe check image exchange reach to over 9200 financial institutions across the United States. Nearly half of Viewpointe's customers are sharing and exchanging check images today through Viewpointe, and the rest are scheduled to begin this year.

"The relationship with Viewpointe greatly enhances our access to the industry," stated Jody Beck, Interim CEO and Senior Vice President at Southwest Corporate. "We wanted to provide our members the full advantage of our image technology investments as quickly as possible - Viewpointe and its growing member network offered us a way to achieve that goal." She added, "Due to the philosophy toward industry adoption of image exchange among Viewpointe's customers, we anticipate getting into production very soon."

Pointe2Pointe(TM) enables any financial institution to safely and directly send and receive check images, rather than paper, with Viewpointe's national archive customers and other Pointe2Pointe customers while maintaining their current image archive environment. Southwest Corporate will immediately join the Viewpointe User Group--a collaborative team of Viewpointe peers that is chartered to execute image sharing and exchange relationships and operational business practices decisions.

Southwest Corporate and existing Viewpointe customers have already begun prioritizing image exchange production scheduling to take advantage of image clearing and presentment benefits. Settlement will be facilitated by the National Clearing House (NCHA).

About Southwest Corporate

Southwest Corporate Federal Credit Union is an $9+ billion Dallas-based institution that serves the financial needs of more than 1,200 member credit unions. For further information, visit www.swcorp.org.

About Viewpointe:

Viewpointe is the leading provider of check image and "Check 21" related services to the nation's top financial institutions. Viewpointe operates the largest national archive of check images and information and is the only institution able to provide image exchange on demand through ImageShare(TM) and direct bank to bank image exchange through Pointe2Pointe(TM). Viewpointe customers include: BancorpSouth, Inc., Bank of America, BB&T, Compass, Endpoint Exchange, First Horizon National Corp., Fiserv, Frost Bankers, Inc., Harris, HSBC Bank USA, J.P. Morgan Chase & Co., National City Corporation, Southwest Corporate Federal Credit Union, SunTrust Bank, Synovus Financial Corporation, U.S. Bancorp, Wells Fargo and Zions Bancorporation. For more information about Viewpointe and its services, please visit www. viewpointe.com

Contacts
Viewpointe
Janelle Nash, 704-602-6659
Janelle.Nash@viewpointe.com
or
Southwest Corporate
Terry Young, 800-442-5763, Ext. 7841
Youngt@swcorp.org