eCU Technologies and uMonitor Offer Extended Services to Members

Memphis, Tennessee, May 4, 2006 - eCU Technologies, an automated financial service technology provider for credit unions, has reached an agreement with Parsam Technologies, the leading provider of uMonitor financial technologies, to provide credit unions with the industry-leading Account-to- Account (A2A) Funds Transfer Service (FTS) for their members. The uMonitor Funds Transfer Service will give credit unions the ability to improve operational efficiencies and serve their members better.

"In keeping with the eCU Technologies mission to provide credit unions with high quality, leading edge technology services, we found the uMonitor Funds Transfer Service to be the right solution. By offering this innovative service, we are not only providing convenience but also more flexibility and choice to credit union members," stated Alan Brunner, Chief Operating Officer of eCU Technologies.

The uMonitor Funds Transfer Service is an online money management tool that enables credit union members to move money in a highly secure and reliable way. The service offers the capability to schedule on-demand transfers, recurring transfers, and future transfers. Additionally, members can monitor the transfers of money between accounts and track all of their transactions online. With its built-in alert capabilities, members are notified of any activity on their account, including service registration, account registration, account activation, and scheduled transactions, thus improving security and reducing fraud.

Dinesh Sheth, CEO of Parsam Technologies, stated, "We are pleased that eCU Technologies has selected the uMonitor Funds Transfer Service to provide greater convenience and added value for their credit union partners. By offering innovative solutions, eCU brings to credit unions the opportunity to remain competitive in today’s marketplace."

uMonitor is recognized in the financial services industry for delivering highly dependable services to meet credit union and bank requirements - the best technology, exceptional customer service, and prompt system implementation - at a very affordable price.

About eCU Technologies
eCU Technologies, located in Harrisburg, PA, is the Information Technology CUSO for Pennsylvania State Employees Credit Union (PSECU). eCU was created so that PSECU ($2.2 billion, 294,000 members) could provide similar services and benefits to credit union members, such as in-house or service bureau home banking solutions, e-statements, online lending services, automated bill payment systems, kiosk machines, and report generator consulting services development.

About uMonitor - Parsam Technologies
uMonitor financial technologies offer a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services. These highly configurable and customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, and improve employee productivity while reducing costs. uMonitor technologies include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Aggregation Service, Document Management System, Advisor-Client Relationship Management and other services.

For more information, please visit www.umonitor.com or contact Gillian Smoot at gsmoot@umontitor.com or by phone at 901.757.1212, ext.7115.

Parsam Technologies , LLC
3197 Players Club Parkway
Memphis, Tennessee 38125

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