Kodak Launches New Check 21 Processing Solutions with CFC Technology

Business Wire, Dec 28, 2006

Hosted Service Offers Security and Flexibility to Organizations That Want to Realize the Benefits of Outsourced Electronic Processing and Presentment of Checks

ROCHESTER, N.Y. -- Eastman Kodak Company announced today a new check processing solution and strategic relationship with CFC Technology Corporation of Minneapolis, Minnesota, a leading provider of Check 21 services and solutions. The new, hosted platform managed by CFC Technology will utilize Kodak's portfolio of Internet-based Check Imaging Solutions. The new platform is designed to help organizations of all sizes take advantage of Check 21 benefits, allowing for businesses to remotely scan their incoming checks, which is a far more cost effective way to handle business deposits.

"Our new relationship with CFC Technology enables easy adoption of Check 21 solutions by small and medium-sized organizations," said Andy Lawrence, Worldwide Solutions Business Manager, Document Imaging, Graphic Communications Group. "Customers considering remote capture technology for their deposits or payments are asking to acquire it in a hosted service model from trusted providers, and Kodak and CFC have teamed to provide it to them."

The hosted service model is attractive to banks because it allows them to pay as they go based on demand, as opposed to making upfront, large investments in in-house technology and support capabilities.

The new software platform utilizes the latest technologies to assure integrity and security of transactions carried out at remote customer locations over the Internet.

"By utilizing the CFC Technology outsourced image host service, financial institutions, merchants and government offices are relieved of the challenges and the expense associated with managing image transmissions, along with the ongoing security and support required," said Richard Wanke, COO of CFC Technology Corporation. "Our relationship with Kodak will allow organizations to focus and grow their own core businesses while CFC Technology and Kodak manage and support a complex technology, which is our sole focus."

In addition to offering image transmission and network security solutions, CFC Technology's hosted platform includes technical support, software and hardware support, and ongoing help desk support related to check scanning, remote capture and remote deposit. The strategic relationship between Kodak and CFC Technology offers customers the full compliment of support and service from both organizations.

CFC Technology plans to roll out remote capture solutions and the hosted platform to its more than 600 clients.

About Eastman Kodak Company

Kodak is the world's foremost imaging innovator, providing leading products and services to the photographic, graphic communications, and healthcare markets. With sales of US$14.3 billion in 2005, the company is committed to a digitally oriented growth strategy focused on helping people better use meaningful images and information in their life and work. Consumers use Kodak's system of digital and traditional image capture products and services to take, print, and share their pictures anytime, anywhere; businesses effectively communicate with customers worldwide using Kodak's solutions for prepress, conventional, and digital printing and document imaging; creative professionals rely on Kodak's technology to uniquely tell their story through moving or still images; and leading healthcare organizations rely on Kodak's innovative products, services, and customized workflow solutions to help improve patient care and maximize efficiency and information sharing within and across their enterprises.

More information about Kodak (NYSE:EK) is available at www.kodak.com.

More information about Kodak document imaging scanners is available at www.kodak.com/go/docimaging.> (Kodak is a trademark of Eastman Kodak Company.)

About CFC Technology Corporation

Since 1998, CFC Technology Corporation has implemented more than 650 check and document image solutions for financial institutions, and today owns technology-integration and operations experience in a highly-regulated industry. In addition, it has developed networking solutions for more than 500 commercial accounts.

Customers achieve profitability, efficiency and improved revenue as a result of CFC Technology's proven ability to leverage its expertise in check processing consulting, bank operations and technical consulting, and network security.

More information about CFC Technology Corporation is available at www.cfctechnology.com.