Press Release
UNION BANK OF CALIFORNIA IMPLEMENTS GENERATED SYSTEMS’ CING™ TO
PROVIDE AUTOMATED FILE DELIVERY
Atlanta, GA, July 12, 2006 – Generated Systems, a leading provider of innovative software solutions for banks, today announced that Union Bank of California N.A., among the top 25 banks in the United States with assets of $48.8 billion, selected Generated Systems’ CING™ product to automate the transfer of reports and data files over the internet.
Union Bank selected CING™ to securely provide line-at-a-time access to Union Bank’s Web cash management system. The product gives Union Bank’s treasury workstation customers a scripted connection which automatically connects to Union Bank’s Web cash management system to automate the download of data formats and standard reports.
“We selected Generated Systems’ CING™ because it enables our customers to have real-time interface with our Web cash management system and ensures that our customers will continue to receive their scripted data downloads after x.25 communications is retired,” said Alice Reardon, Vice President and Senior
Product Manager at Union Bank. “We feel that CING™ is an ideal application for our customers because the program enables them to automate their data retrieval plus facilitate data selection by account, type code and date. Generated Systems is an ideal partner in this effort because of their expertise, knowledge of cash management and exceptional customer support.”
Union Bank plans to market CING™ as their automated file delivery product. The system will be available for all of their Information Reporting customers and will be installed prior to the retirement of x.25 communications to ensure that their customers will have continued automated retrieval access for their data files and reports.
“We are pleased that Union Bank entrusted us with implementing CING™ as a solution to transfer their customers BAI data,” said Edward J. Gainer, President and Co-founder of Generated Systems. “CING™ is the perfect product to transition from costly x.25 communications to internet accessibility. CING™ will give Union Bank a competitive advantage because it highlights their Web cash management system and offers their customers choices on how to import the information with a user-friendly interface.”
CING™ can be customized to match any cash management system and offers delivery of data based on the bank’s cash management system. CING™ is trademarked by WorthSoft, Inc., a partner of Generated Systems.
About Union Bank of California:
Based in San Francisco, UnionBanCal Corporation (NYSE:UB) is a bank holding company with assets of $48.8 billion at March 31, 2006. Its primary subsidiary, Union Bank of California, N.A., had 321 banking offices in California, Oregon and Washington at March 31, 2006. Union Bank offers an array of financial services to the following: consumers, individuals, small businesses, middle market, real estate, corporations, correspondents, and trade finances. The company's Web site is located at www.uboc.com.
About Generated Systems Technologies, Inc.:
Generated Systems is a leading vendor of innovative e-banking software products for banks and financial institutions. Generated Systems’ product offering is comprised of electronic payment solutions designed to address the high volume payment needs of large corporations and correspondent banks. Generated Systems combines a unique product and service offering with a team that has decades of experience developing and integrating e-banking software products. Generated Systems’ staff has specified and developed TTY, PC, Internet and Fax based banking applications dating back to the late seventies. For more information please visit www.generatedsystems.com.
About WorthSoft, Inc.:
WorthSoft, Inc. is a solution vendor to banks, financial data processing companies and software vendors. Generated Systems markets WorthSoft’s CING™ information reporting solution. CING™ enables a bank’s customer to create a treasury management system script to automatically receive cash management reports and BAI data files over the internet. All of WorthSoft’s products are 100% Java.