Silver Bullet Technology Announces Membership in FSTC; Company Adds Check Imaging Expertise to Financial Services Technology Consortium

Business Wire, May 19, 2004

Business Editors

BAI TransPay 2004

LAS VEGAS--(BUSINESS WIRE)--May 19, 2004

Silver Bullet Technology, Inc., the provider of the universal check scanner interface software called Ranger, has joined the Financial Services Technical Consortium (FSTC), a consortium of leading North American-based financial institutions, technology vendors, independent research organizations and government agencies. As a member of FSTC, Silver Bullet will collaborate with large banks and software vendors to develop industry standards and solutions related to check scanner hardware, image quality and MICR quality issues.

FSTC encourages collaborative development pilots, proofs-of-concept and demonstrations supported by member financial institutions and technology companies. The goal of FSTC is to bring open standard technologies to financial institutions, providing infrastructure for future products in the marketplace.

"Silver Bullet is in the unique position of working with both, check scanner hardware and software vendors, providing us greater insight to issues facing the financial industry," said Joe Dean, vice president of product development for Silver Bullet Technology, Inc. "This industry knowledge affords us the opportunity to be a valuable resource, and we look forward to sharing our knowledge with the members of FSTC. We expect to be able to assist FSTC in implementing image quality, MICR quality and related standards."

In addition, FSTC allows members to participate in special interest groups that focus on a host of technology issues impacting community banks, from check truncation to authentication technologies.

"FSTC provides a fertile proving ground for solutions providers to work with the banking industry on emerging technology opportunities," said Zachary Tumin, executive director of FSTC. "Our members are delighted to have Silver Bullet Technology as a member and look forward to working with the firm on new checking initiatives."

FSTC provides a research and development environment, in which members can compare side-by-side comparisons of technical solutions being offered in the marketplace. The organization is also often solicited to validate early implementations of industry specifications, ensuring that products being offered confirm to those standards and can deliver on its promises.

Members can also prototype new infrastructures for financial institutions. FSTC has a program that allows members to prototype interoperable infrastructures through design and 90-day implementations. Benefits include the ability to uncover development opportunities for new products and services.

About FSTC

FSTC is a financial industry research organization comprised of banks, financial service firms, industry partners, national laboratories, universities and government agencies. Its goal is to bring forward interoperable, open-standard technologies for the financial services industry that makes possible new products and services. FSTC projects push the envelope of financial services technology, focusing on areas where industry collaboration is possible, and needed, to enable new products, reduce costs and risk, or expand market reach. FSTC provides a unique forum for financial institutions and vendors to work together on taking ideas from concept to pilot to the marketplace. For more information, visit http://www.fstc.org/.> About Silver Bullet Technology, Inc.

Pensacola, Fla.-based Silver Bullet Technology the world's foremost check scanner experts, provides item processing software and solutions that have come to serve as the de facto standard for financial institutions. Silver Bullet's Ranger Transport API(TM) enables end-users to utilize virtually any item processing software with virtually any check scanning hardware. The firm provides professional services, including contract programming and project management, to banking, mortgage and related industries. For more information visit www.sbullet.com.