03/22/2010

ProfitStars Announces Remote Deposit Capture (RDC) ComplianceProgram Gladiator s RDC Compliance Service Helps Financial Institutions Comply with Evolving Regulatory Requirements

March 22, 2010

 Gladiator Technology, the ProfitStars solution that operates as a managed security services provider (MSSP) exclusively for financial institutions nationwide, today formally introduced its RDC Compliance Service.  Gladiator s RDC Compliance Service, which is designed to help financial institutions comply with the regulatory requirements related to RDC offerings, is provided by compliance experts who have developed and implemented policies that have helped diverse financial institutions mitigate operational and financial risks and successfully pass federal and state exams and audits.  This service generates custom RDC policies that include a risk assessment matrix and a standard merchant agreement that each institution can customize to meet its specific needs. This service will initially be offered to ProfitStars  Enterprise Payment Systems (EPS) clients.

 EPS provides a complete line of electronic payment solutions including RDC, ACH/check conversion services, NSF check recovery services, and lockbox/remittance processing.  These payment solutions can be sold to virtually any financial services organization   regardless of asset size, charter, or core processing platform   and to select businesses outside the financial industry.

 According to David Foss, president of ProfitStars,  Financial institutions that effectively deploy RDC offerings can realize significant business opportunities and advantages including an increase in lucrative business customers and improved customer convenience, satisfaction, and retention.  RDC also enhances liquidity, reduces the cost of deposit growth, and reduces transaction costs and branch traffic.  The ability to strategically complement our industry-leading RDC solution with Gladiator s RDC Compliance Service further demonstrates our commitment to help our clients realize the full potential of established and emerging RDC initiatives.

 ProfitStars also recently launched an online RDC Knowledge Center to assist customers and prospects with the strategic and tactical components of RDC programs.  This educational resource   available at http://discover.profitstars.com/remotedepositexpert <http://discover.profitstars.com/remotedepositexpert>    provides relevant, timely information to any financial institution wanting to launch, enhance, or grow its RDC offering.  This micro site also promotes the breadth and depth of all ProfitStars  RDC solutions and the related support services.