Aurum Hits Key Milestone with 100th Customer Conversion to Windows-Based Mercury Core Solution

Aurum Technology has converted its 100th credit union customer to the companys Microsoft Windows-based Mercury core processing platform. With its conversion completed at the end of 2003, Jamaica-based Westmoreland Credit Union, a JA$540 million community-based credit union, became Aurums 100th Mercury customer. Momentum in the mid-size credit union market has been fueled by system enhancements including a recent agreement with qbt Systems, Inc., which enables the company to create seamless interfaces to a variety of best-of-breed financial services solutions. Aurum is currently scheduled to convert an additional 20 legacy-based customers per month through the end of the second quarter 2004. As the 100th customer to implement the Mercury solution, Aurums core processing system developed exclusively for small- to mid-tier credit unions, Westmoreland Credit Union now uses the system to serve the diverse needs of its nearly 40,000 members. And Westmorelands 35-person staff also leverages the solutions open and integrated design - which is optimized for Microsoft Windows 2000 professional architecture - to streamline operations and generate additional fee income opportunities. Mercury users represent a broad cross section of the mid-size credit union market including, select employee group (SEG), professional or religious affiliated and community-based institutions. Today, Mercury meets the core processing needs of credit unions throughout North America - from high-volume institutions like Westmoreland to full-service credit unions like Eagle One Credit Union, which serves the needs of Philadelphia-area postal workers through a diverse list of product and service offerings ranging from share drafts to credit cards to mortgage loans. Eagle One implemented the Mercury system in May 2003 to support its growing services portfolio, which now includes integrated telephone banking and Internet home banking from Aurum. In order to help its credit union customers continue to expand their service portfolios through the use of best-of-breed capabilities, Aurum recently signed an agreement with qbt Systems, a leader in real-time financial systems integration, to leverage the companys MultiPoint Integrator, a real-time transaction processing engine that provides seamless connectivity across financial services systems, including electronic banking services such as EFT processing, telephone banking and Internet home banking.