Endpoint Exchange Delivers Check Imaging Efficiencies to Southwest Corporate Federal Credit Union

OKLAHOMA CITY, April 27, 2009 – Endpoint Exchange today announced that Southwest Corporate Federal Credit Union (Southwest Corporate) has deployed Endpoint Exchange’s cost-efficient and low impact implementation service for check image exchange. Endpoint Exchange is a leading national check image exchange provider and a Metavante (NYSE:MV) company, which provides banking and payments technology. Southwest Corporate is the second largest retail corporate credit union in the U.S., serving nearly 1,500 member credit unions nationwide.

Connected to the Endpoint Exchange network since 2004, Southwest Corporate now uses X9 Express Direct, a secure Web portal that facilitates check image exchange and file transfer. The solution allows Southwest Corporate to send and receive electronic packages of individual check images, known as commingled image cash letters, directly through Endpoint Exchange.

“Endpoint Exchange helps Southwest Corporate best address the needs of small and mid-sized institutions, as we are currently providing check imaging services through the network to 720 member credit unions,” said Bill Brennan, director of site operations, Southwest Corporate Federal Credit Union. “Processing with X9 Express Direct has resulted in significant productivity improvement of our image exchange item and file management, balancing and reconcilement processes. The service reduced our full time equivalency costs for this exchange by half—which translates to lower costs for our member credit unions.”

“Every business day, financial institutions need an easy, reliable and affordable way to exchange check images with thousands of other financial institutions around the country. Our X9 Express Direct connects Southwest Corporate to the exchange through a cost-efficient, secure Web portal, one of the many remote options available through the service,” said Paul Danola, president, Metavante Image Solutions. “By facilitating streamlined, electronic check image exchange through a single connection, Endpoint Exchange supports institutions like Southwest Corporate in enabling its member credit unions to be as forward thinking, data secure and technology driven as the country’s largest financial institutions.”

Metavante’s image solutions provide comprehensive solutions that help institutions and businesses transition from paper to electronic payments and image processing. Solutions that can be delivered in-house or outsourced include distributed capture, check and remittance processing, and fraud detection, as well as document and report management. Customers encompass organizations of all sizes from start-up organizations to the world’s largest financial institutions and corporations.

About Southwest Corporate Federal Credit Union
Southwest Corporate Federal Credit Union is a $11 billion Plano, Texas-based institution that serves nearly 1,500 member credit unions nationwide. Southwest Corporate’s broad financial service portfolio includes item processing and remote deposit services, investment services, ACH origination and electronic bill payment, ATM/debit card services, and correspondent services.

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.