Science & Technology
Science and Technology
Science and Technology
Thu, December 18, 2008 
ATLANTA--([ BUSINESS WIRE ])--Goldleaf Financial Solutions Inc. (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Dallas-based Lone Star Credit Union has selected the company's Automated Clearing House (ACH) solution. Goldleaf's complete ACH solution includes comprehensive training that covers daily operations, risk management, security, compliance, and marketing.
According to Brian Harper, CFO for Lone Star, the credit union began looking for an ACH solution as a way to automate payroll processing for a member business owner that had rapidly expanded from four to 400 employees. Goldleaf's browser-based ACH solution enables Lone Star's member business owners to gain efficiencies quickly, automating payroll processing, accounts receivables and payables to improve cash flow. As demand continues to grow, Lone Star has been able to streamline electronic payments for member business owners using Goldleaf's ACH, while also reducing costs and maintaining the integrity of the data through controlled security access.
"Functionality was one of the biggest benefits of the Goldleaf ACH platform," Harper said. "Goldleaf easily offered the most robust and scalable solution, which allows us to create a tailored environment for our member business owners based on their specific needs. There is nothing else comparable to the Goldleaf ACH solution in the market today, and we believe this differentiates our credit union from other institutions. The scope and depth of its platform is a compelling value proposition, one that has enabled our credit union to provide leading products and services to our member business owners."
Harper also cited the immediate impact of the solution – its member business owners were able to reap efficiencies and productivity gains on day one. By automating the process, Lone Star was able to revamp its entire ACH process, saving money by settling directly with the Federal Reserve, while also minimizing internal resources that could be re-deployed to focus on additional strategic initiatives.
Todd Shiver, EVP of Goldleaf Financial Solutions, said, "Our mission is to help our clients succeed and improve efficiencies, increase profitability, be more competitive and provide the best products and services in their market. We believe Goldleaf's ACH solution enables Lone Star Credit Union to stand apart from the competition, while also demonstrating its strategic focus and member-centric approach to providing products and services."
About Goldleaf
Goldleaf Financial Solutions, Inc., offers a strategic suite of integrated technology and payment processing solutions to financial institutions of all sizes. Goldleaf's products and services enable financial institutions to succeed in today's competitive market, solidify their trusted financial relationships, expand their presence and improve profitability through the efficient use of technology. Goldleaf works with clients across six continents. For more information about Goldleaf and its set of solutions, please visit the company at [ www.goldleaf.com ].
Safe Harbor Statement
Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause the Company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties associated with the ability of the Company's suite of products and services to enhance the competitiveness of its clients. These and other risks and uncertainties the company faces are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions investors that any forward-looking statements made by the Company are not necessarily indicative of future performance. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.
