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FOR IMMEDIATE RELEASE
For more information, contact:
Craig Witbart, Summit Executive Vice President of Sales
314.576.0484 or cwitbart@summitfs.net |
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$2.2 BILLION AMERICAN STATE BANK BECOMES SUMMIT’S
400TH IN-HOUSE CUSTOMER
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JEFFERSON CITY, Mo. – (March 13, 2009) – Summit Financial Solutions, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI), today announced that it has sold Summit.NET™ Check 21-based Image Platform to its 400th in house customer. With the American State Bank sale, the total number of banks that license individual Summit.NET modules such as Intelligent Branch Capture or Remote Deposit from Summit and its reseller/partners now exceeds 1,200 institutions.
With $2.2 billion in assets, American State Bank in Lubbock, Texas, is proud to be the 400th bank to purchase Summit.NET™. “When we investigated replacing our legacy Image system, Summit.NET was the only system that combined .NET technology with large bank features and runs in a single Integrated Platform,” said Jody Taylor, SVP of American State Bank. “Summit.NET combines intelligent branch capture, image exchange, balancing and reconciliation functions in a single integrated solution.”
“We consulted with our larger banks and data centers to understand what new features would best position Summit.NET to be the replacement product for aging legacy systems,” said Ron Thill, President of Summit Financial Solutions. “The rapid acceptance by these institutions has been a major factor in Summit reaching the 400 bank milestone.
“The new Summit.NET release was developed utilizing the latest Microsoft development platform – Visual Studio 08,” continued Thill. “Our new edition is fully compatible with all the new Windows operating systems, including Windows 7, scheduled to be released in June 2009.”
The 2008 release of Summit.NET prompted strong order activity among multi billion dollar institutions and data centers. Summit.NET provides large institutions and data centers with a much more robust and easy-to-manage solution for handling large distributed capture networks than previous generation solutions.
About Summit Financial Solutions, Inc.
Summit Financial Solutions, Inc. is a developer and provider of payment processing software and services. Summit introduced the financial industry’s first integrated check imaging solution based entirely on Microsoft’s .NET platform. Summit.NET was the first system specifically built to handle the electronic image exchange requirements of Check 21. The Company’s open data and image capture, exchange, remittance and lockbox solutions are in service at over 600 banks. Summit, a wholly owned subsidiary of Computer Services, Inc., is based in Jefferson City, Missouri. For more information about Summit, visit www.summitfs.net .
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