View printer-friendly versionBRENTWOOD, Tenn., Oct 23, 2006 (BUSINESS WIRE) -- Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI), a provider of technology solutions for financial institutions, has signed a strategic partnership agreement with Defiance, Ohio-based RDSI Banking Systems. Under the terms of the agreement, RDSI, a regional provider of financial data processing services for the commercial banking industry, will resell Goldleaf's Remote Deposit Express (RDX) to its customers.
Goldleaf's RDX solution enables a financial institution's commercial customers to scan, submit and deposit all of their checks electronically. As a result, financial institutions can increase low-cost deposits, expand beyond the branch footprint without the expense of additional branches, eliminate expensive courier services and protect existing customers from competitive encroachment. The benefits to the financial institution's customers are equally plentiful, as RDX eliminates cutoff times and time spent making daily deposit trips to and from the bank.
Ken Joyce, CEO of RDSI Banking Systems, said, "It has always been our policy to offer the best solutions available in the market. Our partnership with Goldleaf exemplifies that policy. We recognize Goldleaf as a market leader in remote deposit services. With a successful and proven track record, Goldeaf's expertise is unmatched within the industry."
In a Celent study released in July 2006, Goldeaf was given top marks, and cited as having sophisticated yet straightforward technology.
Tim Pearson, product manager of RDSI Banking Systems, said, "Partnering with Goldleaf was an easy decision - we view this relationship as a pairing of two industry leaders, which enables us to bring even more value to our respective clients."
In the past year, financial institutions have recognized the need to grow and retain core deposits. While some early adopters are already reaping the benefits of remote deposit, many financial institutions have not yet taken advantage of the solution. As a way to increase low-cost deposits, which is a key initiative of most banks, remote deposit is quickly gaining popularity and recognition.
According to company officials at RDSI, in addition to having the best solution, Goldleaf was also among the first to release a remote deposit solution. That experience in the market, combined with the company's ACH expertise and comprehensive understanding of how RDX could help RDSI's customers, made Goldleaf the partner of choice.
"We have always believed in partnering with industry-leading providers to further our reach in the banking industry," said Lynn Boggs, CEO of Goldleaf Financial Solutions. "The addition of RDX deepens the scope of services that RDSI provides to the commercial banking industry. Our companies share similar philosophies, as we are both committed to offering superior solutions complemented by exceptional customer service."
About RDSI Banking Systems
RDSI Banking Systems is the Midwest's fastest growing high quality provider of financial data processing service for the banking industry. RDSI offers the Browser Based Premier Software System by Information Technology, Inc. (ITI), along with the full complement of integrated ITI modules, consulting, training, network support, check and image processing. In business for more than 40 years, RDSI is truly a single source provider for all the banking industry's data and item processing requirements. For more information on RDSI, please visit the company on the Web at www.rdsiweb.com.
About Goldleaf
Goldleaf Financial Solutions, Inc. (GFSI) offers a fully featured strategic product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its full suite of products and services will allow financial institutions and their small- to medium-sized business customers to better compete more effectively in today's aggressive financial services marketplace, grow their trusted financial relationships and provide increased profitability through the efficient use of technology and an expanded community presence.
For more information about Goldleaf or its line of products for community financial institutions, please visit the company on the Web at www.goldleaf.com.
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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.
SOURCE: Goldleaf Financial Solutions, Inc.
Goldleaf Financial Solutions, Inc. Jennifer-Robyn Dunn, 407-481-0090