Monday, January 15, 2007

NOVA Certifies MagTek’s Excella Check Scanner for Electronic Check Solution offered to Multi-Lane Retailers

By Holly Lytle

Atlanta, GA and Carson, CA - 15 January 2007 - NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) has certified and is currently deploying MagTek’s Excella Check Scanner as the cornerstone hardware component for their Electronic Check Solution (ECS) for multi-lane retailers, employing back-office image uploads.

The Excella, a multi-document scanner and imaging device, is offered as part of NOVA’s Electronic Check Solution. With ECS, retailers use existing in-lane MICR technology to perform real-time financial authorizations, mitigating check acceptance risk and improving cash flow. MagTek’s Excella is used to upload batches of checks at the end of the day, joining the check image with the original transaction detail, and eliminating the need for monetary back office reconciliation to point-of-sale activity.

Excella automatically processes up to 70 checks per batch while endorsing, reading MICR data and scanning the front and the back of the check in a single pass. Additionally, Excella reads E13B and CMC7 MICR fonts, supports a programmable endorsement message and produces high-quality images at 200 dpi in grayscale or black & white.

“Excella is a core component of our ECS solution for multi-lane retailers,” said Amy Gutierrez, Vice President, Strategic Business Development, NOVA. "Its imaging speed, combined with its efficient handling of check batches, facilitates fast and accurate image uploads for our customers.”

"NOVA has a powerful check imaging solution that will enable merchants to process checks electronically, and that is a win-win for all parties,” said John Arato, Vice President, Retail Products at MagTek, Inc. "We are excited about the opportunity that NOVA's Electronic Check Solution represents for our industry and the merchants who want to take advantage of back office imaging."

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About NOVA

NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.

About MagTek

Since 1972, MagTek has been a world leader in electronic transaction technology, from magnetic stripe card readers and writers to high-accuracy MICR check readers and scanners, secure PIN issuance and cardholder verification systems. The company's products and components are in use today at point-of-sale (POS) and back-office locations in thousands of companies around the world; incorporated into kiosks and ATMs, banking customer service terminals, custom retail POS terminals, and restaurant and hospitality equipment. MagTek is based in Carson, California and has sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. For more information, visit www.magtek.com.

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