Viewpointe Archive Services Amasses 10 Billion Images

FEBRUARY 27, 2002: VIEWPOINTE ARCHIVE SERVICES AMASSES 10 BILLION IMAGES

CHARLOTTE, NC - Viewpointe Archive Services, the largest provider of digital check and document archive and retrieval services, announced today that it is storing and providing access to one in every five checks written in the United States and has amassed over 10 billion images in its archive in less than 12 months.

John Lettko, Chief Executive Officer of Viewpointe said, ""Because of our collective experience and expertise in the banking industry, we have been able to quickly ramp up Viewpointe's technology so that today we house and provide instantaneous access to billions of checks written in the United States. We are currently adding 1 billion new images a month and have the capacity to continue adding significant volume to our archive. We are also servicing hundreds of thousands of retrieval requests daily. We expect to load an additional 13 billion check images by the end of the year.""

Since January 2001, Viewpointe has provided storage and retrieval of check images to leading financial institutions including Bank of America, JP Morgan Chase, First Tennessee and HSBC. Viewpointe's customers benefit not only from significant cost savings in check processing, improved customer service and better fraud detection capabilities, but by taking advantage of Viewpointe's experience and proven technology, they also reduce their image platform installation time by as much as half.

While the company is currently focused on check imaging, Viewpointe's vision is to enable customers to leverage the national digital check archive for other documents as well, thereby reducing costs and increasing efficiency and speed associated with the storage, retrieval and exchange of many types of banking related documents.

About Viewpointe
Viewpointe was founded in November 2000 by Bank of America, JP Morgan Chase & Co. and IBM. The company has offices in Charlotte, Houston, Dallas, Boulder, New York, Atlanta and San Francisco. More information about Viewpointe and its services is available at www.viewpointe.com.

About Image Technology
Check imaging is the transformation of paper checks into digital images via digital cameras or any other electronic capture device. Upon capture, check images are stored in Viewpointe's highly secure national image archive, where they can be retrieved in just seconds via the Internet. Bank customers are able to retrieve information about their checks instantaneously - reducing customer service calls and eliminating the wait for the information. Additionally, banks are also able to significantly reduce check fraud by being able to instantly access checks for handwriting and transaction comparisons. Beyond the basic benefits of imaging, Viewpointe will reduce banks' processing and paper dependency cost by an estimated 30% by enabling them to electronically exchange checks and other related documents that today are physically transported between banks.