Skyline’s DirectFED Newsroom

	Skyline’s DirectFED Processes Four millionth Check 21 Transaction
	Skyline’s DirectFED Processes Two millionth Check 21 Transaction through the Federal Reserve Bank
	Skyline’s DirectFED Processes its One Millionth Check 21 Transaction through the Federal Reserve Bank
	Skyline’s DirectFED launches DirectFED Lockbox Solution for American Stock Transfer
	Skyline’s DirectFED Customer Provides Cash from FEMA checks to New Orleans Residents after Katrina using Skyline's DirectFED Deposit
	Skyline’s DirectFED is the first to clear a check electronically from end to end under Check 21 through Endpoint Exchange
	Introduction of Skyline's DirectFED DEPOSIT Solution
	Skyline’s DirectFED Processes it's first Credit Union Check 21 Transaction through Rutgers University Student and Alumni Federal Credit Union

Skyline’s DirectFED Data Processes 4 millionth Check 21 Transaction

Deerfield Beach, FL., June 2, 2008- Skyline’s DirectFED. the leader in Check Flow Management and Check 21 / Remote Capture solutions announced today that has processed its four millionth Check 21 transaction through the Federal Reserve System and/or Bank landing zones. "Our system has now processed over 4 million Check 21 transactions for our customers, totalling over 3 billion dollars total amount of checks cleared." stated Jeryl Lederman, CIO of Skyline Data. "We are very pleased to provide this growing level of service to our customers, and look forward to serving additional high volume clients with our redundant, scalable infrastructure."

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Skyline’s DirectFED Data Processes 2 millionth Check 21 Transaction
through the Federal Reserve Bank

Deerfield Beach, FL., May 10, 2007 - Skyline’s DirectFED. the leader in Check Flow Management and Check 21 / Remote Capture solutions announced today that has processed its two millionth Check 21 transaction through the Federal Reserve System. "We are very pleased with our growth that we have now processed our 2 millionth Check 21 transaction for our growing base of customers and less than 6 months since we processed our millionth check" stated Larry Cohen, Chairman and Founder of Skyline Data. "This milestone reflects the positive impact that Skyline's DirectFED deposit has on our customers business and our focus on providing the best Check 21 / Remote Capture solution on the market today."

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Skyline’s DirectFED Data Processes its One Millionth Check 21 Transaction
through the Federal Reserve Bank

Deerfield Beach, FL., October 25, 2006 - Skyline’s DirectFED announced today that it has processed its one millionth Check 21 transaction through the Federal Reserve Bank. "We are very pleased to reach this first critical milestone in our drive to position Skyline Data as the leader in business centric, Check 21 / Remote Capture solutions" said Larry Cohen, Chairman and Founder of Skyline’s DirectFED. "We began this company with the focus to bring our customers a completely different Check 21 and Remote Capture system built based on their requirements not the banks. This milestone reflects our customers continued confidence in our solution."

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Launch of Skyline's DirectFED Lockbox Solution for American Stock Transfer

Deerfield Beach, FL., July 27, 2006 - Skyline’s DirectFED announced today that it launched Skyline's DirectFED Lockbox solution for the nations largest private stock transfer company. Skyline developed for its customer, American Stock Transfer (www.amstock.com) the ability to read coupons and checks in a single pass process using Skyline's DirectFED Deposit technology platform. "Using Skyline's DirectFED Lockbox solution, AST has been able to automate their processes and move away from lockbox technology which has not changed since the 1960's and is both labor intensive and slow", said Larry Cohen, Chairman and Founder of Skyline Data." Now AST can scan and process both payment coupons and checks together electronically creating a permanent electronic image and processing checks for cleared funds the next day using Skyline's DirectFED Deposit product." Skyline will market Skyline's DirectFED Lockbox as a Check 21 electronic alternative to traditional lockbox solutions for business currently using outsourced or bank provided lockbox services.

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SKYLINE Customer Provides Cash from FEMA checks to
New Orleans Residents after Katrina using Skyline's DirectFED Deposit

Deerfield Beach, Fl, September 15, 2005 - SKYLINE Data announced that one of it's customers using it's armored car division was able to cash Gulf Coast FEMA checks in the aftermath of Hurricane Katrina. "This was a unique opportunity for Skyline to show the flexibility and strength of Skyline's DirectFED Deposit solution to be able to process transactions in a devastated environment while providing much needed cash relief to the residents of New Orleans and the Gulf Coast" stated Larry Cohen, Chairman and Founder of Skyline Data. "Our customer was able to process residents, FEMA checks from the back of it's armored cars utilizing a wireless Internet connection and Skyline's DirectFED Deposit solution to get residents the cash they so desperately needed when most of the banks were closed. We were so happy that Skyline's DirectFED Deposit solution could be utilized in such a way as to provide much need cash to people in such a time of need."

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SKYLINE DATA is the first to clear a check electronically
from end to end under Check 21 through Endpoint Exchange

Pompano Beach, FL., June 21, 2005 - Skyline’s DirectFED announced today that it was the first company in the US to clear a check electronically 'end to end' under the new Check 21 laws through the Endpoint Exchange. "This was a major milestone for our young company and is further proof that Skyline's DirectFED Deposit product is the technology leader for businesses who process checks using the new Check 21 laws" stated Larry Cohen, Founder of SKYLINE Data. "Using our system we processed a check from a Money Service Business in Ft Lauderdale through the Endpoint Exchange and deposited in Commerce Bank in Cherry Hill, NJ in one minute and twenty seven seconds. Skyline's system is the most unique and complete end to end Check 21 solution available in the check processing business today."

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Introduction of Skyline's DirectFED DEPOSIT Solution

Pompano Beach, FL., March 25, 2005 - Skyline’s DirectFED announced the introduction of it's first product DirectFED Deposit. The DirectFED Deposit product was designed to take the new Check 21 laws that came about as part of the Check Truncation Act for the 21stCentury that were enacted in October of 2004. DirectFED Deposit is a business centric system that enables business customers to electronically scan their paper checks today and to have cleared funds in their bank account in the morning. "Our DirectFED Deposit product will revolutionize how a business processes their checks and turning those deposit to cleared funds in their account the next day, dramatically changing the cash requirements of the business" stated Larry Cohen, the Founder of Skyline’s DirectFED. "The paper check is dead and now lives as an electronic image which means no more making deposit slips or deposit trips to the bank, no more entering deposits into an accounting system, no more contacting bank to look up a deposited check. Not only does a business dramatically save on back office expense and improves efficiency but the greater advantage of Skyline's DirectFED Deposit solution is that because a business receives their money as cleared funds in a single day, not three or more, means that it can run on far less working capital." Skyline's target customers range from small and medium businesses, major corporations, and community financial service organizations.

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SKYLINE DATA Processes it's first Credit Union Check 21 Transaction
through Rutgers University Student and Alumni Federal Credit Union

Deerfield Beach, FL., November 28, 2005 - Skyline’s DirectFED announced today that it processed its first Credit Union related Check 21 transaction through the Rutgers University Student and Alumni Federal Credit Union using Skyline's DirectFED Deposit solution. "Skyline Data is very pleased that Rutgers University Student and Alumni Federal Credit Union has chosen Skyline’s DirectFED Deposit solution as it's remote capture system" said Larry Cohen, Chairman and Founder of Skyline’s DirectFED". Skyline’s DirectFED Deposit solution is the perfect remote capture product for Credit Unions because it allows them to become image enabled with no capital investment as well as to provide their customers a remote capture program which allows the Credit Union to reduce the fees it pays to traditional Credit Union processors and Corporates while growing its bottom line through offering the best remote capture system on the market today."

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About Skyline’s DirectFED. - Skyline’s DirectFED was founded in 2004 and is based in Deerfield Beach, Florida. The company is the first business centric processor performing Remote Deposit Capture for a wide range of companies and organizations. Skyline’s DirectFED was created to take advantage of the benefits created by Congress passing The Check Clearing for the 21st Century Act ("Check 21"). Skyline’s DirectFED goals for our customers are to optimize float to their advantage, reduce bank fees, and provide significant back office savings by using the new laws and technology to their advantage. Our patent pending suite of products provide unique solutions for businesses from multinationals to small enterprises, not-for-profits, municipalities, and all types of financial institutions.