California Bank & Trust Partners with AP Technology
Providing Universal Data Conversion and Seamless File Processing Services for Corporate Clients
Press Release
CARLSBAD, California - October 10, 2005 - AP Technology, a leading provider of business-banking connectivity solutions, is pleased to announce their partnership with California Bank & Trust, a subsidiary of Zions Bancorporation (Nasdaq:ZION) and one of the largest commercial banks in the State of California, to provide CB&T corporate banking clients with a secure and universal solution for file conversion through AP Technology's f DX (Financial Data Exchange) Data Center.
CB&T has earned its success and excellent reputation among corporate banking clients by continually striving to provide a superior Treasury offering and unsurpassed customer service. CB&T works closely with each new corporate customer at their location to assure smooth implementation of products and services.
In those situations where a client provides or requires files or reports in a unique format, CB&T can now rapidly, reliably, and securely convert these files to the necessary format through f DX services from AP Technology. Client data and reports are securely converted at the f DX Data Center and returned to the bank within minutes. Treasury services using the f DX Data Center are seamlessly processed on the original timeline without any delay.
The availability of f DX data conversion and processing expands the services that CB&T can provide their corporate clients and, in turn, paves the road for increased and accelerated adoption of CB&T's Treasury offering. "Knowing that they can accept and deliver any format allows Treasury Sales personnel to offer unique solutions to prospects and customers. We are pleased with the positive results we are seeing from using the f DX Data Center," states John Russell, Senior Vice President and Director of Corporate Services for California Bank & Trust.
Richard Love, Chief Executive Officer of AP Technology, states, "f DX from AP Technology offers banks of all sizes the ability to couple their existing customer account relationships with data file conversion solutions that can be rapidly deployed. This allows the adoption of the bank's Treasury applications quickly, smoothly, and at a low cost, resulting in increased treasury sales and improved customer satisfaction."
About the f DX Financial Data Exchange solution
Bank and client requirements for fast, easy, and secure file conversion are being met with the f DX Financial Data Exchange solution, designed to work universally with any bank or client file format from any application and any computer platform. Depending on bank or client requirements, f DX is configurable as an ASP-, bank- or client-hosted service.
By adding f DX services, a bank can increase and accelerate client implementation of Treasury products and services by providing near-seamless, state-of-the-art file conversion and processing for Lockbox, ACH, BAI, Positive Pay, ARP, Wire Transfers, Loan Accounting, Remote Disbursements, Custom Reports, and more. Over two thousand bank clients and more than seventy banks nationwide are already using the f DX conversion technology.
About California Bank & Trust
California Bank & Trust, a subsidiary of Zions Bancorporation (Nasdaq:ZION), is among the largest commercial banks in the State of California with over $8 billion in assets and nearly 100 branch offices. With local management and decision-making and an emphasis on relationship banking, CB&T provides a variety of products, resources and financing solutions for businesses and individuals, including wealth management, Internet banking, commercial and small business lending, cash management and international banking. Visit CB&T's Web site at www.calbanktrust.com.
Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select high growth markets. Under local management teams and community identities, Zions operates approximately 400 full-service banking offices in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah and Washington. In addition, Zions is the only primary dealer in government securities headquartered in the western United States, and is a national leader in SBA lending, public finance advisory services, agricultural finance and electronic bond trading. The company is included in the S&P 500 Index.
Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
About AP Technology
Headquartered in Carlsbad, California, AP Technology is a pioneer in MICR laser check printing and holds several technology patents. AP Technology delivers leading solutions for positive pay, and secure conversion, normalization and transmission of cash management information. Businesses and banks are connected for automated, secure, cost-effective, and personalized data exchange using AP solutions.
Established in 1989, AP Technology is a founding member of the elite Hewlett Packard SBP (Solutions Business Partner) group, and has positive pay partnerships with the majority of the nation's leading banks. For more information on the company's business-banking connectivity and check printing solutions, visit www.aptechnology.com.
AP Technology and f DX are trademarks of AP Technology.
Contact Information:
Jessica Andrews
Public Relations Contact
AP Technology
Phone: 760-602-5424
Fax: 760-930-6281
Email: jandrews@acuprint.com
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