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Greetings from the Sierra Atlantic Financial Services Business unit, Home of BankON™, the only commercially available turnkey software solution that links ERP systems to banks’ treasury execution systems.

We have several topics today that I wanted to touch on since our last communication before the NACHA show in Seattle:  the NACHA Payments Conference, the importance of STP and BankON™ 2.0

NACHA Payments Conference – Seattle, WA – April 25 – 28, 2010

The NACHA Payments Conference was a fantastic show.  Hundreds of banks and Corporations got together to share best practices on electronic trading, secure networks and new ways to initiate payments: like “Twitter-pay”!  The industry is moving as fast as possible to a paperless transaction society, for both B-2-C and B-2-B.  Convenience, ease of use, security, cost, speed, and managing change will always be the key determinants that Consumers and Companies consider when looking for a payments solution that makes sense.

The BankON™ team was there, showcasing and demoing Sierra Atlantic’s seamless ERP-to-bank STP solution.  We also issued a Press Release at NACHA which generated quite a bit of interest at the event.  We met hundreds of incredible people and their positive reinforcement and ideas were gratefully received.

BankON™ 2.0

BankON™ 2.0 was recently delivered on time and on target for final testing by one of our larger multinational banking partners.  This production release will go into end-user customer accounts late this summer.  If you would like to learn more about BankON™, visit our web page at www.sierraatlant.com/bankon, or contact Pat Lowery, our Director of Product Marketing, at Pat.Lowery@SierraAtlantic.com.

Please have a great summer and we look forward to working with you.

Phil