AP Technology Announces the Availability of the APSecure Official Check Issuance Portal

Business Wire, July 29, 2008

Adding Convenience, Cost Savings, and Best-of-Class Fraud Protection to Official Check Issuance

CARLSBAD, Calif. -- AP Technology announced today the availability of the APSecure Official Check Issuance Portal, a web-based solution that automates branch, back-office, and remote-client Official Check issuance for financial institutions with state-of-the-art check printing and unsurpassed fraud protection.

Financial Institutions are increasingly evaluating their Official Check issuance and management processes as a result of growing fraud exposure and production costs. AP Technology's unique APSecure Official Check Issuance Portal offers a combination of check issuance technology, including check request, approval, and printing, along with integrated management of a financial institution's positive pay system. Whether a financial institution is using traditional three-part pre-printed checks or using APSecure to print laser checks on blank check stock, the solution adds convenience, high-security, and cost savings for branch locations and back office.

The APSecure Official Check Issuance Portal offers best-in-class Official Check fraud protection, with features designed to eliminate fraud at every stage of check issuance. Risks for fraud are virtually eliminated with an automated, multi-layered approval process, including built-in OFAC checking, that is configured to meet bank and client requirements. The security risks and costs associated with pre-printed stock can also be removed. Printed-check security features, including payee- and amount-based watermarks and security fonts, provide an additional layer of security that render alteration attempts nearly impossible. Flexible and scalable multi-factor user authentication provides high-security system access. Powerful tracking and reporting capabilities ease compliance and auditing requirements. Fraud protection is further enhanced through strong integration with the financial institution's positive pay system.

"The APSecure Official Check Issuance Portal is meeting market demands by providing a level of integrated fraud protection and accountability that has never been applied to official check issuance in the past. The solution greatly simplifies the process of Branch Automation and provides extensive reporting capabilities for auditing and compliance requirements. It is configured to meet a financial institution's exact security and functional requirements for branch, remote and/or batch check printing," describes Rich Love, CEO, AP Technology. "Financial institutions quickly see the measurable benefits of laser-check printing quality and an accelerated process for requesting, approving, and printing checks."

About AP Technology

AP Technology, a private California Corporation founded in 1989, is a leading provider of enterprise payment solutions for financial institutions and corporations. AP Technology solutions enhance the connection between financial institutions and their clients by automating secure check printing, online access, transactions, and data exchange. These solutions include the APSecure Official Check Issuance Portal, Transporter automated file transfer client application, APSecure-DE automated file transfer server application, SecurePay positive pay file conversion software, and Keystone Authentication strong authentication technology. From our ground-breaking accomplishments in secure laser check printing to our bank official check printing solutions, AP Technology has a long history of developing industry-leading innovations in MICR check printing and security. Nine of the ten leading U.S. commercial banks have partnered with AP Technology. For more information, visit http://www.aptechnology.com

APSecure, Keystone Authentication, APSecure-DE, and SecurePay are trademarks, and Transporter is a registered trademark of AP Technology.