Science & Technology
Science and Technology
Science and Technology
Thu, February 5, 2009
Wed, February 4, 2009 Tompkins Financial Corporation Launches 350 Remote Deposit Accounts in 2008, Upgrades to Goldleaf?s Remote Deposit Express (RDX
ATLANTA--([ BUSINESS WIRE ])--Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI), a provider of technology-based solutions for financial institutions, announced today that Tompkins Financial Corporation (Amex: TMP), deployed Goldleaf's remote deposit solution to an estimated 740 customers through all three of its community banks, 350 of which were deployed in 2008. Tompkins is the corporate parent to Tompkins Trust Company, The Bank of Castile and Mahopac National Bank, which combined operate 44 full-service banking offices throughout New York State. In addition to increasing remote deposit clients, Tompkins also upgraded to Goldleaf's Remote Deposit Express (RDX) 2.7, which significantly improves operational efficiencies for its financial institutions.
Tompkins selected Goldeaf's remote deposit solution in early 2007, and the solution continues to be instrumental in increasing the banks' deposits, and growing accounts with new and existing customers. The company's decision to upgrade to RDX 2.7 enables them to automate file processing and also provides a new secure file transfer protocol engine (FTP).
"Goldleaf's interface has always been very intuitive and user-friendly," Bob Bennett, business development officer and vice president of The Bank of Castile, explained. "The upgrade to RDX 2.7 makes the process to configure and deploy new customers even easier. And once the customer is deployed, all they have to do to start using the system is begin scanning checks."
In western New York, The Bank of Castile is approaching its 300th remote deposit capture customer and attributes $8 to $9 million in non-interest bearing accounts directly to the solution. Its diverse client list covers an array of sizes and geographic demographics, including single-office local businesses and national entities.
"We have fully embraced Goldleaf's remote deposit capture solution as a way to drive deposits," Bennett continued. "The Bank of Castile has increased its non-interest income 40 percent with the solution – both by growing current one-account customers to four or five accounts and by gaining new customers from our competitors."
Tompkins plans to continue this strong remote deposit capture growth throughout 2009. Tompkins continues to rely on its community ties and Goldleaf's marketing materials to promote the technology through a grass roots effort. The financial institutions successfully cross-sold to current customers thorough their Web sites, employee incentive programs, point-of-sale information at branches as well as Tompkins' quarterly newsletter.
"In today's economy, increasing deposits is a major focus among financial institutions of all sizes," said Lynn Boggs, CEO of Goldleaf Financial Services. "Goldleaf is positioned to help banks continue to grow their deposits through quality solutions and superior service. Our quick and successful deployment of RDX 2.7 at Tompkins' financial institutions demonstrates our commitment to furthering growth and innovation in the payments field. We look forward to helping all financial institutions fortify bonds with existing and new customers."
About Goldleaf
Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated technology and payment processing solutions to financial institutions. 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.
