Weiland Financial's Bank Administrator Web (BaWEB) Produces First eBAM Message

Bannockburn, IL March 24, 2010 – The Weiland Financial Group, Inc.’s Bank Administrator Web (BAWeb) solution has produced its first XML electronic Bank Account Management (eBAM) message. eBAM, an initiative of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and other industry stakeholders, embodies a standardized set of bank account management messages that allow corporate treasurers to communicate and complete electronic account opening, modification, and closing requests with their banking partners. Until now, these requests have depended on manual, error prone, paper based processes. By communicating account requests electronically, eBAM will reduce the time required for account management tasks from weeks to hours, saving banks and corporations’ time, money, and mistakes.

By producing its first eBAM message, The Weiland Financial Group’s bank account management solution, BAWeb, has taken a big step forward in making eBAM a reality. The XML message created by the system, which was an electronic request to open a new bank account, could have been transmitted by a corporate treasurer to his or her bank over the any number of secure networks, including the SWIFT network.

While a number of banks have committed to the standard, banks are not widely accepting standardized eBAM messages at this time. With its announcement today, Weiland Financial hopes to change this.

“Much like the BSB and the 822 before it, we are looking to lead adoption of this revolutionary new standard,” said Steve Weiland, Chairman of The Weiland Financial Group, Inc. “The banking and corporate worlds embraced the potential of eBAM from the start, but ultimately, its widespread acceptance depends upon real-world solutions putting potential into practice. By offering an eBAM ready solution, The Weiland Financial Group is doing just that. We are confident that BAWeb with eBAM will speed adoption of this exciting new standard and help banks and corporations realize eBAM’s many benefits sooner rather than later.”

For comments or questions, please contact The Weiland Financial Group, Inc. by phone +1.847.735.0577 or email info@weiland-wfg.com.

About BAWeb™

Bank Administrator Web (BAWeb) is the most complete bank account management solution available today. This web-based system organizes account elements relationally for secure, global access to bank, account, and signatory information. BAWeb’s fully customizable business process management feature (BPM) guides users through account openings, modifications, and closings quickly and easily for reduced risk and increased productivity. Plus, the system is eBAM ready, so that when your banks begin accepting eBAM messages, you’ll be ready to send them. With BAWeb, bank account managers can significantly enhance their efficiency, control, and transparency over their account data and processes.

About The Weiland Financial Group, Inc.

The Weiland Financial Group, Inc. (WFG) is the leading provider of bank account management and analysis solutions for corporations and financial institutions. Used by banks and corporate treasury departments, WFG’s software suites allow customers to process, generate, and analyze electronic and paper account analysis billing statements for maximum revenue impact. WFG’s three flagship product suites are Commercial Account Analysis (CAA), Bank Relationship Manager Edge (BRMEdge), and Bank Administrator Web (BAWeb). Used by many of the leading domestic and multinational companies across a wide range of industries, WFG’s software has been recognized as Best in Breed by Business Finance Magazine for eight years straight. Two WFG customers have won Treasury & Risk Magazine’s Alexander Hamilton Award for their use of WFG software and Executive team members speak at industry conferences and events. Founded in 1981, WFG is headquartered in Bannockburn, Illinois, a suburb of Chicago.

© 2010 The Weiland Financial Group, Inc.

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