MSI Breaks Ground on Facilities Expansion Project

Growth in Bank Check Processing Solutions Division will Result in 
Incremental 20,000-Square-Feet Addition to Existing Facility

 


OKLAHOMA CITY-MSI, Myriad Systems Inc., a leading innovator and provider of web-based solutions for check image and other back office processing, is undertaking a major expansion project at its existing facility as the company undergoes significant growth in its core print and mailing business and its rapidly growing Check Imaging Solutions Division. 



"Growth in our web-based solutions, imaging and data archive, and electronic statement presentation division has exceeded our expectations and is forcing us to grow our facilities to handle the added transaction volume," noted Shaun Riney, MSI President." MSI is an established national leader in the Print and Mail industry and has constantly worked to extend that experience into new technologies that embrace traditional paper applications and simultaneously enter the relatively new atmosphere of digital web-based technology solutions."



MSI will expand the existing 60,000 square foot facilities by 20,000 feet incrementally to bring in new administrative offices, additional data center infrastructure, warehouse space, and expanding offices for our product design division. MSI will break ground on Phase I of the expansion project at 10:00 a.m. on October 3rd.



"MSI is committed to bringing the latest advances in digital and Internet services through innovative and efficient ASP applications. This new space will give us the growing room to hire the volume of talent we need to meet the demands of the changing market and our existing customers." concluded Riney.

The new project will utilize local contractors and construction on Phase I is expected to be complete in the first quarter of 2008.

MSI Enhances Check 21 Capability with
Endpoint Exchange Partnership


MSI Becomes Image Exchange Distributor to
Offer National Settlement Capability for Financial Institutions

OKLAHOMA CITY – Myriad Systems Inc. (MSI), an advanced developer and provider of transaction, document and item processing technology, today announced a partnership with Endpoint Exchange LLC, a Metavante company, to become an Image Exchange Distributor using the Endpoint Exchange Network for national settlement capability. 



“The affiliation with Endpoint Exchange will allow our clients the opportunity to enter the Check 21 world on a national stage with substantially lower costs, streamlined efficiencies and new revenue opportunities,” noted Shaun Riney, MSI president. “As truncation and image exchange gain momentum, MSI continues to offer our client financial institutions the latest advances to participate in image exchange on local, regional and now a national basis depending on their size and resources.”

The network will allow MSI customers to offer check image exchange through the Endpoint Exchange Network, a leading electronic check image exchange provider for the financial service industry. The network is the nation’s first and one of the largest check clearing networks, comprised of a diverse group of the country’s leading financial institutions, check imaging software developers, and image-item processing outsourcers. 



Image exchange allows financial institutions to send exchange images rather than paper checks for clearing and settlement, bypassing the Federal Reserve System. Endpoint Exchange serves more than 4,000 community banks and mid-tier financial institutions across the country.

“The national check settlement capability offered through Endpoint Exchange enhances MSI’s suite of Check 21 products including MSI Checkse , an all-digital, paperless, web-enabled branch capture solution and Directpresentment.com, a new check image exchange system that allows financial institutions to swap image files directly with other financial institutions without the geographical limitations of paper exchange,” continued Riney.

Endpoint Exchange’s support of industry-standard exchange formats provides the cross-platform interoperability that financial institutions need to exchange check images in a multi-lateral environment. The partnership will allow MSI customers significant improvement in collection time including same-day or next-day availability, substantial reduction in costs because there is less paper processing and reduces fraud exposure through faster collection. 



About Endpoint Exchange

Endpoint Exchange enables U.S. financial institutions to clear their check-based transactions by exchanging check images between member institutions. Endpoint Exchange (www.endpointexchange.com) is the country’s first electronic check-clearing network that capitalizes on existing imaging infrastructure and settlement relationships, with the interoperability to connect to every endpoint in the nation. Metavante Corporation (www.metavante.com) is a leading provider of image-based check processing and distributed image-capture solutions, which include Endpoint Exchange. Metavante delivers banking and payment technologies to financial services firms and businesses worldwide and is wholly owned by Marshall& Ilsley Corporation. On April 3, 2007, Marshall & Ilsley Corporation announced its plans to split Metavante Corporation and Marshall & Ilsley Corporation into independent publicly traded companies.

MSI Checkse Exchanging Images with the Federal Reserve 



MSI Image Exchange Vs Paper Exchange Improves Fund Availability 
and Decreases Transportation Costs



First National Bank of Elk City First to Exchange with Federal Reserve 
Using MSI Checkse

Oklahoma City – Myriad Systems Inc. (MSI), a developer and provider of transaction, document and statement processing and mailing distribution services and software, announced one of its customers, First National Bank of Elk City is exchanging images with the Federal Reserve through MSI’s Branch Capture product Checkse. The Federal Reserve is the nation’s largest processor of interbank check payments, clearing approximately half of all interbank checks written in the United States. 



“The Federal Reserve Banks are excited to provide our customers with access to image deposit and presentment services that can help them realize the benefits of Check 21. Our collaboration with MSI and many other innovative organizations is leading the industry toward a more efficient and effective payments system,” commented Korie Miller, assistant vice president at the Federal Reserve Bank of Kansas City. 



MSI Checkse Branch Capture and Check 21 all-digital, paperless, web-enabled solutions allow institutions to quickly scan transaction items at the source, such as a teller or back room operator, and digitally move those items instantly within the institution or from institution to institution. MSI Checkse is a completely internet based solution that allows financial institutions to get into Check 21 digital check processing with minimal upfront costs and streamlined, simple, fast implementation because everything is web based.

Images created using MSI digital Internet-enabled solutions are transmitted to the Federal Reserve for clearing using the FedForward® and FedReturn® products. These Federal Reserve products offer customers a comprehensive offering of check processing solutions designed to help financial institutions benefit from the opportunities afforded by Check 21. 

“MSI was one of the first to receive images through FedReceipt, a continuation of an established relationship between the Federal Reserve and MSI,” noted Shaun Riney, MSI President. “The Federal Reserve’s sweeping commitment to the use of imaging technology for the speed and convenience of electronic truncation allows seamless integration with MSI’s unique web-enabled technology to allow institutions to step into the Check 21 world with minimal investment.” 



The Federal Reserve Banks offer a full range of financial services to assist depository institutions in achieving a sustainable competitive advantage. Services include FedCash®, Check, FedImage® Services, FedACH®, Fedwire® Funds Service, Fedwire Securities Service, National Settlement Service and Treasury services. In addition, the Fed offers services designed to support Financial Services usage, including Account Management Information and Service Charge Information. For more information about the Federal Reserve Banks’ products and services, visit www.frbservices.org.

Myriad Systems, Inc. (MSI) has been in business since 1973, providing customized programming and Information Management solutions to companies ranging from small businesses to multinational corporations. 



MSI primarily serves the financial industry providing web-based solutions, imaging and data archive, item electronic statement presentation, print and mailing -- and now our web-enabled Check 21 suite of products. MSI's unique marketing ability and dynamic graphic development turns the ordinary into extraordinary.

Providing a “Better then Best” quality of service as well as the latest and most intuitive technology solutions is the number one goal for MSI and all of its employees for the past 34 years.

“FedForward”, “FedReturn”, “FedReceipt”, “FedCash”, “FedImage”, “FedACH” and “Fedwire” are registered service marks of the Federal Reserve Banks. A complete list of marks owned by the Federal Reserve Banks is available at www.frbservices.org

Myriad Systems Inc. Releases MSI CheckUp®21 a
Lightening-Fast Web-Based Archival System 



MSI CheckUp®21 Offers Financial Institutions Rapid Data Retrieval with
Check 21 Capability

OKLAHOMA CITY—MSI announced the release of its new on-line web-based check archival system called MSI CheckUp®21 at the Myriad Systems, Inc. Customer Conference 2007 today. MSI CheckUp®21 is engineered to bring extremely fast data retrieval using the latest Check 21 applications.

“This is a very robust data archival system, MSI CheckUp 21 is lightening fast and is designed to handle those arduous searches that clog systems and slow productivity,” said Shaun Riney, MSI President. “MSI CheckUp® 21 puts MSI at the head of the pack in creating a dynamic search solution that can take on the Check 21 world.” 



MSI CheckUp® 21 has a relational database that uses Customer Information Number look up to consolidate account searches in all new Check 21 fields that also includes deposited items and even adds a subpoena search functionality. Additional features include user customizable query fields and column sets, user-defined saved searches, as well as dynamic print options, including the ability to print IRDs. 



MSI CheckUp® 21 is the next evolutionary step for MSI CheckUp®, and is the new standard for fast and convenient on-line search and research. Industry standard non-proprietary formats are universally accepted by current PC platforms, Internet browsers, and database standards.

Both versions of MSI CheckUp® allow customers to view checks easily from the front or back with a simple zoom tool that enhances every detail of the check. 



MSI CheckUp® sorts by amount, date, check number transaction date, sequence number or route number and works with all layout preferences. Data retrieved by MSI CheckUp® 21 can be burned to a DVD for viewing with a built-in viewer option.

Myriad Systems, Inc. (MSI) has been in business since 1974, providing customized programming and Information Management solutions to companies ranging from small businesses to multinational corporations. 



MSI primarily serves the financial industry providing web-based solutions, imaging and data archive, item electronic statement presentation, print and mailing -- and now our web-enabled Check 21 suite of products. MSI's unique marketing ability and dynamic graphic development turns the ordinary into extraordinary. 



Providing a “Better then Best Providing a “Better then Best” quality of service as well as the latest and most intuitive technology solutions is the number one goal for MSI and all of its employees for the past 34 years.

MSI Graphic Marketing Tool Engages Tandem Technology for Internet and Print & Mail Services


Result is Customized, Brilliant, Multi-Media-Capable Marketing Graphics

OKLAHOMA CITY - Myriad Systems Incorporated (MSI), an advanced developer and provider of transaction, document and item processing technology, announced implementation of a new two-tiered marketing tool combining the all-Internet software called MSI Customer Connect with the brilliant quick turnaround color printing capability of Docucolor™ printing, a tandem technology at the intersection of high-quality paper printing and Internet digital application. 



“MSI is uniquely positioned to offer eye-popping marketing graphics for financial institutions and their customers that have the flexibility to ride the Internet in an instant or become an enduring top-quality printed item,” said Shaun Riney, MSI President. “MSI has been a leader in the Print and Mail industry for 30 years, we are now putting that experience to work in the marketing environment for companies that need outstanding, interactive web materials that can also be custom designed and printed for traditional paper uses.” 



The two technologies at the core of this intersection point are MSI’s Customer Connect software, a one-to-one digital statement, marketing and campaign management tool designed to enrich financial statements and related marketing materials with customized designed messages and images and the state-of-the-art XEROX® digital printing press called Docucolor™. Docucolor™ is a fast, high-quality color management tool that provides a seamless fit with MSI’s existing workflow.

“Ideas become customized marketing designs with the click of a button with MSI’s Customer Connect,” continued Riney. “Most smaller organizations are not staffed with public relations, marketing staff and graphic art departments, but they understand how important those applications are to a winning business plan. MSI’s graphics team does the creative work on-line and lets the customer customize their look and messaging.” 



MSI Customer Connect and Docucolor™ enables Financial Institutions to easily MSI Customer Connect and Docucolor™ enables Financial Institutions to easily manage the needs of multiple media, advertising, websites, direct mail and even product brochures. MSI’s Print and Mail capabilities can then capture those ideas in print and in brilliant depth and color to produce a paper document with unlimited shelf life.

Texas Financial Institutions first to use MSI 
DirectPresentment.comTM, new Check 21 Image
Management System


DirectPresentment.comTM Provides an Easy and Affordable Web Based Entry Point in Electronic Image Exchange and Settlement

OKLAHOMA CITY—Community Bank of Granbury is breaking new barriers in electronic check exchange by becoming the first in the nation to digitally exchange checks through DirectPresentment.comTM. Myriad Systems Inc. (MSI) is transforming the digital image exchange industry with DirectPresentment.comTM, a new check image exchange system that allows financial institutions to swap image files directly with other financial institutions without the geographical limitations of paper exchange. 



MSI, Myriad Systems Inc., is a developer and provider of transaction, document and statement processing and mailing distribution services and software. DirectPresentment.comTM is one of its newest technology innovations. 



DirectPresentment.comTM is a secure Internet site with redundant backup that allows financial institutions of all sizes to directly swap check images. “We believe we are creating a new paradigm,” said Shaun Riney, MSI President. “With no hardware or software requirements to operate, financial institutions can move swiftly and affordably into the image exchange era.” 

DirectPresentment.comTM has the ability to convert or accept any image format. Members of the system can exchange directly with another financial institution without the extra layer of costs and additional software and hardware other digital image exchange networks require. 

DirectPresentment.comTM uses the latest technology in Check 21check image file standards to give financial institutions a more time and cost efficient method of exchanging checks without courier routes and fees or added software/hardware costs. Financial institutions can exchange and settle the same day if they choose. 

“DirectPresentment.comTM is a perfect match for community banks like First National Bank of Granbury,” noted FNB DeVonne Roehmer - MIS Manager. “Before this exciting innovation, we spent hundreds of dollars each month hiring couriers to physically shuffle paperwork between banks right here in Granbury. Now with a click of a button we can exchange digital images instantly with our financial partners.” 

“DirectPresentment.comTM is the solution to connect the community banking and credit union systems, giving them the opportunity to be as forward thinking, data secure and technology driven as the largest institutions,” Riney noted. “Our new direct presentment product is a “technology disruption” because it can deliver image exchange at a price point unfathomable when Check 21 was introduced just two years ago.” 

“DirectPresentment.comTM allows us to jump into the world of digital image exchange and bypass the costly complicated universe of Check 21, continued Roehmer. Now we can exchange digital check images on our own terms and on our own turf.” 

DirectPresentment.comTM complements full implementation of traditional Check 21 while still directly exchanging items with high volume peer institutions. Financial institutions access DirectPresentment.comTM with a simple annual membership fee. Digital checks are exchanged via a high security Internet link that that allows implementation verification features like file upload and download notifications. Account users have real-time access to reports that show statistics about processed image files including item count, dollar amounts, time uploaded and downloaded. 



Dual authentication is used to verify each bank that logs into the system. Each image file that is uploaded Dual authentication is used to verify each bank that logs into the system. Each image file that is uploaded is verified for item counts, dollar totals and image quality verification. Institutions are automatically notified via email when they have successfully uploaded files to exchange with another institution or when they receive files from another institution that they need to download and process. The system also has the ability to handle electronic returns between the banks. the banks.

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