News Release

RemitPro Enhances Functionality of USA PATRIOT Act product to include Business and Institutional Identity Validation

Omaha, NE, August 19, 2005 – RemitPro, a premier provider of risk management products for USA PATRIOT Act compliance, announced today new functionality has been added to its RiskAlert product.

RiskAlert is a modular solution for Identity Validation and OFAC screening. The new release adds a module for validating the identity of Businesses, Institutions and Entities. Under the guidelines of the USA PATRIOT Act, many firms such as broker-dealers are required to validate the identity of their customers under Section 326 Know Your Customer.

RiskAlert has been a premier provider of Identity Validation for consumers. With the release of its latest software, RemitPro has added very robust functionality to validate the identity of Businesses and Institutions. “We are very excited about the enhancements and new functionality in our software”, said Jana Waughn, President of RemitPro. “RemitPro continues to be regarded as best in class because we are focused on USA PATRIOT Act compliance as a core competency and continue to add product functionality based on customer feedback”.

Other functionality included in this software release includes User Based Entitlements which is particularly beneficial for correspondent clearing firms and firms with branch offices. With User Based Entitlements, firms can provide access to their branches and correspondents for viewing, editing, and resubmitting results of Identity Validation and OFAC screenings.

RiskAlert offers a configurable grading engine and easy to use Web reports containing both summary level and detailed information on each record. The data is aggregated and displayed in such a way that efficiencies are driven into the review process so that a compliance officer’s time can be leveraged for analyzing results. The Web reports also contain a case management tool with a complete with audit trail history.

RemitPro’s RiskAlert is a complete one stop solution to address the requirements of Section 326 of the USA PATRIOT Act.

About RemitPro
RemitPro is a technology provider and service bureau that provides treasury management and risk management solutions to the securities industry. RemitPro offers comprehensive risk management for USA PATRIOT Act Compliance. RemitPro also offers Check21 and ACH solutions to facilitate cash receipt processing. For more information about RemitPro, please visit our website at www.remitpro.com or call us at 1-877-861-0005.

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