Viewpointe Archive Services Announces John Lettko as CEO

VIEWPOINTE ARCHIVE SERVICES ANNOUNCES JOHN LETTKO AS CEO

New York -- Viewpointe Archive Services, the leading financial archive solutions company, announced today that John Lettko, a 20-year veteran of high-performance, service delivery organizations has joined the company as Chief Executive Officer and board member.

"John brings years of experience and a wealth of industry knowledge to Viewpointe," said Jim Dixon, BankofAmerica.com executive and Viewpointe board member. "We are thrilled to have him on board and are confident that he and his team will bring to market long-awaited check imaging solutions that financial institutions have needed for many years."

In his 20-year career, Lettko has held a variety of executive positions for start-up and high-growth companies in the financial services industry. Most recently, he served as President of Xpede, Inc., where he drove all business functions, including the sales and marketing organizations. During his 10 year tenure at EDS he gained global delivery experience while responsible for a $300 million portfolio of accounts including American Express, EBS Dealing Resources, Deutsche Bank, Merrill Lynch, CSFB, Vanguard, NASD and CitiBank. Before joining EDS, he held key positions at the Progressive Companies, Madison Consulting Group, and Fleet National Bank, where he played key roles in the formation of several regional ATM networks. He holds a master's degree in Business Administration from State University of New York at Albany.

"I am excited to be working with some of the best minds in the industry from Bank of America, JP Morgan Chase & Company and IBM," John Lettko said. "Viewpointe will forever change the check processing industry by delivering high quality archive solutions to our financial services customers, improving their financial performance and making image exchange a reality."

About Viewpointe
A joint venture between Bank of America, JP Morgan Chase & Company and IBM; Viewpointe Archive Services is changing the way banks process checks by creating a common digital archive for check images. Viewpointe extends the benefits of e-business to the entire banking industry by creating a Web-enabled infrastructure for check processing that is secure, reliable, and capable of handling an unlimited number of check images. Viewpoint's service allows member banks to share digitized check images electronically, significantly cutting processing costs and improving customer service and fraud detection. Viewpointe member banks can capture digital images of check and check-related items as they are processed and cleared, and then transmit these images to one of two IBM archiving centers managed by Viewpointe.

By creating a common digital archive for check images, Viewpointe Archive Services will facilitate the exchange of check images among banks, reduce industry check processing costs by as much as 30 percent and lay the foundation for new Web-enabled consumer products.