EFC Systems Welcomes Two New Vice Presidents of Sales

NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 28, 2006--EFC Systems, Inc. of Nashville announced today the addition of two payments industry veterans to its payments solutions sales team.

The technology company hired Bill Mason and David Danser as Vice Presidents of Sales. Bill and David will execute the company's sales strategy of its payments and remote deposit capture products, including RDC 30(TM) and RDC:Enterprise(TM) for banks, corporate depositors and third-party processors.

“We are excited to have such seasoned sales professionals on board with their considerable network of contacts at the decision-making level”

Bill Mason brings a 29-year career with the Federal Reserve Bank of Cleveland, where as Assistant Vice President, he worked extensively in the check office consolidation effort, Check 21 implementation process and served as a subject matter expert during the conversion effort of the legacy FedLine DOS product to the current day technologies of FedLine Web and FedLine Advantage. He will be based in the Cincinnati/Northern Kentucky area, and can be reached at [phone].

David Danser brings extensive sales and sales management experience in the payments and software industry; for the last three years was National Sales Manager for LML Payment Systems. He also brings considerable experience in the network services and Internet services arena, having previously held positions as Director and Vice President of Sales at two companies in the Dallas area. David will be based in the Dallas area, and can be reached at [phone].

"We are excited to have such seasoned sales professionals on board with their considerable network of contacts at the decision-making level," said Larry De Palma, Executive Vice President of EFC Systems, Inc. "When presenting remote capture and check conversion solutions to banks and corporate treasurers, it's essential to have someone who can speak their language and deliver the message of how to successfully integrate our solution into their current operations".

About EFC Systems, Inc.

EFC Systems (www.efcsystems.com) is a full-service provider of financial application solutions with over eighteen years of experience addressing the needs of the financial institution and corporate end-user marketplaces. Mature, full-featured solutions authored by EFC Systems coupled with committed service relationships are paramount to EFC Systems' success. By focusing on solely providing technology without additional transaction-based fees, EFC Systems helps minimize the total the cost of ownership for client solutions.