January 30, 2002

Data Treasury Signs Agreement With Israel-Based Bank

DataTreasury Corporation has finalized an agreement with Bank Hapoalim B.M. of Israel and its subsidiaries for use of DataTreasury's eImageVault. The product is an extension of the eCheckVault check image platform, and will enable Bank Hapoalim subsidiary Signature Bank to transmit, store, receive, and retrieve archived checks and payment coupon transactions. The bank will also be able to receive and retrieve other financial and commercial transaction data using DataTreasury's patented global repository system.

"This business relationship continues to underscore what we have been saying about the multiversity of this product and the real fact that this is the beginning of a trend which will revolutionize the banking industry," offered DataTreasury Chairman Claudio Ballard. "It's not only a very cost-effective product, but very secure. Businesses and consumers alike are going to love it." The system enhances existing check processing solutions, while enabling the growth of a complete online transaction strategy. It is applicable in virtually all market segments.












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