Guaranty Bank Joins The Endpoint Exchange Network
5/30/2006
OKLAHOMA CITY, May 25, 2006 - Endpoint Exchange LLC, a Metavante company,
today announced that Guaranty Bank, a Temple-Inland company, has joined the
company’s rapidly growing national check image exchange network, with more
than 4,000 member institutions enrolled across the country.
With assets of approximately $17 billion, Guaranty Bank is one of the
largest financial institutions owned by a Texas-based company. It operates
more than 150 banking centers in Texas and California and serves over
300,000 families.
Guaranty Bank converted its image-item processing platform to AFS
ImageVision in 2004 and will deploy AFS ImageVision Courier to interface to
the Endpoint Exchange Network. The AFS ImageVision Courier interface is
designed to take full advantage of all the functionality of the Endpoint
Exchange Network, including forward presentment, incoming and outgoing
returns and adjustments, and automated image quality assurance for
exchanged images. The Endpoint Exchange Network manages check image
exchange for over 4,000 routing and transit endpoints across the country.
"We view this as a significant step toward our ultimate goal of exchanging
images on a large scale. Phasing into an image exchange environment will
enable us to work in new procedures, policies, and workflow while in a dual
paper and image mode of operation, and will also generate cost advantages
for Guaranty Bank," said Mike Meyer, vice president of Guaranty Bank.
"Improved collection time, reductions in processing and courier costs, and
faster identification of fraudulent items will result in greater
efficiency, less expense and increased profitability."
The Endpoint Exchange Network has become a leading electronic check image
exchange provider for the financial services industry, processing for more
than 4,000 U.S. financial institutions across the country. Endpoint
Exchange’s support of all industry standard exchange formats provides the
full cross-platform interoperability that financial institutions need to
exchange check images in a multi-lateral environment.
About Guaranty Bank
Guaranty Bank, with $17 billion in assets, offers a full range of consumer,
business deposit and loan products and operates a network of more than 150
banking centers throughout California and Texas. Additionally, Guaranty
Bank is nationally recognized as a commercial real estate lender and a
provider of financing programs for middle-market and energy companies.
Guaranty Bank is owned by Temple-Inland Inc., which operates four business
segments: corrugated packaging, forest products, real estate and financial
services. Temple-Inland's common stock (TIN) is traded on the New York
Stock Exchange and NYSE Arca Inc. Temple-Inland's address on the World Wide
Web is www.templeinland.com. Visit Guaranty Bank online at
www.bank.guarantygroup.com.
About the Endpoint Exchange Network
The Endpoint Exchange Network enables U.S. financial institutions to clear
their check-based transactions by exchanging check images between member
institutions. The Endpoint Exchange Network (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 the
Endpoint Exchange Network. Metavante delivers banking and payment
technologies to financial services firms and businesses worldwide and is
wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
Contact: Chip Swearngan, Metavante Corporation
414-357-3688, chip.swearngan@metavante.com
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