Oracle Works With Key Partners to Streamline End-to-End Payments Processing

May 20, 2004

[From Oracle Corp.]

REDWOOD SHORES, Calif., May. 20, 2004 - (http://www.oracle.com/tellmemore/?3151559) Oracle Corporation, along with Imagesoft, NetDeposit Inc., Network Appliance, Pegasystems and SYNORAN, is working to make enterprise payment processing more powerful and efficient for financial institutions. As part of the ongoing alliance, Oracle will be working with these five companies and others to integrate its technology with their individual payments-related applications.

By leveraging Oracle(R) Database and imaging technology, the partners can utilize multiple formats of structured and unstructured data, including images and voice, in their payment applications. This capability helps reduce technology barriers that previously forced institutions processing payments to create and store multiple copies of a transaction in order to accommodate performance and cost.

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