Goldleaf

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Goldleafs Mission
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Case Study Trinidad Tobago

• 7 Banks formed committee to establish inter-bank
  electronic payments network
• TTIPS
• Formed Rules based on NACHA Standard
• Electronic Payments and Settlement
• Selected Goldleaf Technologies as a partner to
  provide Software for
• Transaction origination
• Bank processing
• Network for transaction collection, distribution
  and settlement

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Case Study Trinidad Tobago

• System went live in January 2006
• Electronic Credits and Debits
• Direct Deposit Payroll
• Tax Payments
• Utility Payments
• Payment Collections
• Low cost solution for businesses
• Eliminate Cost of Paper Checks
• Reduce Risk and Fraud
• Reliable Payment Options
• Volumes have reached 25,000 per month
• Future direction includes Image Exchange and
  settlement, and International Payments

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Goldleaf Technologies

• Goldleaf Client
• Web-based ACH Origination
• Goldleaf Manager
• ACH processing solution used in over 1,000
  Financial Institutions
• GOLDNET
• Inter-Bank clearing system and Settlement
• Introducing Remote Deposit Express
• Merchant Check Truncation and Electronic Deposit

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Check 21 and Remote Deposit

• In the U.S., Check 21 legislation created rules
  that allow check images to be considered a legal
  document
• Banks are quickly moving to Image Truncation
• Enabled the introduction to Remote Deposit or
  Merchant Truncation
• Banks learned that the power or Remote Deposit is
  not in reduced cost of processing checksbut that
  RD increases core deposits very inexpensively

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Land Grab for Low-Cost Deposits

• 300B in commercial deposits will migrate to
  banks offering remote deposit over the next 12
  months.
• --www.remotedepositcapture.com

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Benefits to Caribbean Banks Now

• Today
• Caribbean Banks that receive U.S. checks must
  mail those to their Correspondent Bank in the
  U.S. for clearing
• Long process
• Expensive
• With Remote Deposit
• Scan checks and transmit via the Internet
• Goldleaf International Program

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Summary / QA

• Thank you!
• Eric Dotson
• edotson_at_goldleaf.com