Open Solutions Launches Its Version OfCheck Exchange

GLASTONBURY, Ct. - (06/14/06) – Credit union outsourcer OpenSolutions Inc. reported Tuesday it has successfully launched itsISCheck application to receive check images, process return itemsand exchange outgoing check images electronically with the FederalReserve. The system also processes forward image cash letters andbank-to-bank exchange. ISCheck is designed to allows credit unionsand banks to customize their own image exchange by picking andchoosing services like image exchange, branch capture, remotedeposit, document imaging and image lockbox. Open Solutions saidTuesday it has implemented ISCheck at First Niagara Bank, allowingthe upstate New York bank to exchange items with both the Fed andwith KeyBank from its 119 branches in New York.