2. Goldleaf’s Mission…

4. Case Study: Trinidad & Tobago 7 Banks formed committee to establish inter- bank electronic payments network –TTIPS –Formed Rules based on NACHA Standard –Electronic Payments and Settlement Selected Goldleaf Technologies as a partner to provide Software for: –Transaction origination –Bank processing –Network for transaction collection, distribution and settlement

5. Case Study: Trinidad & Tobago System went live in January 2006 –Electronic Credits and Debits Direct Deposit Payroll Tax Payments Utility Payments Payment Collections –Low cost solution for businesses Eliminate Cost of Paper Checks Reduce Risk and Fraud Reliable Payment Options –Volumes have reached 25,000 per month –Future direction includes Image Exchange and settlement, and International Payments

6. Goldleaf Technologies Goldleaf Client –Web-based ACH Origination Goldleaf Manager –ACH processing solution used in over 1,000 Financial Institutions GOLDNET –Inter-Bank clearing system and Settlement Introducing: Remote Deposit Express –Merchant Check Truncation and Electronic Deposit

7. Check 21 and Remote Deposit In the U.S., Check 21 legislation created rules that allow check images to be considered a legal document Banks are quickly moving to Image Truncation Enabled the introduction to Remote Deposit or Merchant Truncation Banks learned that the power or Remote Deposit is not in reduced cost of processing checks…but that RD increases core deposits very inexpensively

8. Land Grab for Low-Cost Deposits “$300B in commercial deposits will migrate to banks offering remote deposit over the next 12 months.” -- www.remotedepositcapture.com

10. Benefits to Caribbean Banks Now Today: –Caribbean Banks that receive U.S. checks must mail those to their Correspondent Bank in the U.S. for clearing –Long process –Expensive With Remote Deposit –Scan checks and transmit via the Internet Goldleaf International Program

11. Summary / Q&A Thank you! Eric Dotson edotson@goldleaf.com