Laru Corporation Partners with Western Payments Alliance to ProvideACH Risk and Compliance System

LAS VEGAS--(BUSINESS WIRE)--Laru Corporation, a provider of ACH risk and compliance management software applications for financial institutions, announced a partnership with Western Payments Alliance (WesPay) at Payments Symposium 2007. The partnership provides Laru with improved access and promotion to WesPay members, who can benefit from Laru’s software, which is used to identify, resolve and prevent ACH fraud and network violations.

“This alliance with Laru provides exceptional value for our members in an area of growing concern”

“This alliance with Laru provides exceptional value for our members in an area of growing concern,” said Peter Yeatrakas, president and chief executive officer of WesPay. “Monitoring ACH network violations and identifying fraud are important issues for financial institutions and their customers, and Laru’s products are vital solutions to these problems.”

Headquartered in San Francisco, WesPay’s service area includes California, Hawaii, Idaho, Nevada, Oregon, Utah and part of Washington, as well as American Samoa, Guam and the Northern Mariana Islands. WesPay’s membership is comprised of nearly 1,000 financial institutions and more than 100 organizations supplying payments-related services to financial institutions and their account holders.

“Our ACH Clarity™ product substantially improves a financial institution’s ability to proactively manage and control risk involved in ACH transactions,” said Ben Waidhofer, president and chief executive officer of Laru Corporation. “We are already working with several WesPay members and these partnerships will continue to expand awareness for our products within the WesPay membership.”

About Western Payments Alliance

Western Payments Alliance (WesPay) is the nation’s oldest Automated Clearing House Association (ACH) and one of the largest regional payments associations. It represents nearly 1,000 financial institution members and more than 100 corporate members in the western United States and Pacific region. WesPay serves as a cooperative, non-profit organization assisting members to efficiently process electronic financial transactions by providing member hotline services, education programs and publication services. As the first ACH payments association and a founding member of NACHA, the electronic payment association, WesPay actively participates in the rule-making processes that govern transactions flowing through ACH. For more information about WesPay, call 415-433-1230 or visit the Web site at www.wespay.org.

About Laru Corporation

Laru Corporation, headquartered in El Dorado Hills, Calif., is a provider of ACH risk and compliance application software. The company’s products are used by financial institutions to identify, resolve and prevent ACH fraud and network violations. Laru’s flagship product, ACH Clarity^TM, monitors and manages the risks of originating, receiving and processing ACH transactions, and provides an independent ACH audit platform in accordance with OCC Bulletin 2006-39. For more information call 888-527-8007 or visit the company’s Web site at www.larucorp.com.