Press Release

MINNEAPOLIS – Aug. 26, 2008 – Wolters Kluwer Financial Services announced today that five more banking associations now endorse the company’s comprehensive suite of solutions and services that can help financial institutions meet all Red Flag Rules requirements tied to the Fair and Accurate Credit Transactions (FACT) Act.

The Alabama Bankers Association (ABA), California Bankers Association (CBA), Community Bankers Association of Illinois (CBAI), Texas Bankers Association (TBA) and Wisconsin Bankers Association (WBA) all recently endorsed Wolters Kluwer Financial Services’ Red Flag solutions and services. The news follows on the heels of the Independent Community Bankers of America (ICBA) announcing it had named the company a Preferred Provider for Red Flag solutions and services in late June.

Wolters Kluwer Financial Services’ Red Flags solutions and services offer financial institutions:

• Automated identity verification and authentication through the company’s Wiz Sentri™: Red Flags solution that facilitates the investigation and documentation of all Red Flags, enabling comprehensive compliance with the new regulations;



• Streamlined Red Flag Rules policy development through the company’s PRINGLE® Policies & Audit Procedures software, which includes a sample Red Flags policy that institutions can tailor to their own specific requirements;



• Specially designed Red Flags forms and checklists for assessing the impact and risk related to the new requirements, as well as tracking Red Flag responses; and



• Employee training via instructional videos and a self-directed learning module on the Red Flag Rules from the Wolters Kluwer Financial Services’ Compliance University™ course library.

“There are many things to consider when it comes to the newly issued regulations for the FACT Act Red Flag Rules,” said Lenelle Freeman, executive vice president for the TBA. “It is important for financial institutions to obtain information and solutions from a trusted source to help them prepare for and comply with the FACT Act Red Flags requirements. Wolters Kluwer Financial Services’ suite of solutions is certainly a trusted source that we recommend to our member banks.”

“Since regulators issued the Red Flag Rules, bankers have been bombarded with solicitations from an endless number of companies promoting their compliance services,” said Dennis Hesker, chairman of the CBAI’s Community BancService Corporation (CBSC) and president of First National Bank, Okawville, Ill. “Many of these companies have only recently entered the compliance business. Bankers should choose a time-tested, proven compliance expert to make certain they are prepared for the November 1 implementation deadline. That is why CBSC selected the Wolters Kluwer Financial Services’ Red Flag Rules solutions for CBAI member banks.”

“The fact that leading industry banking associations are teaming up with us for Red Flags compliance illustrates the importance of meeting the new regulatory requirements,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Financial Intelligence Unit. “It also demonstrates the trust and assurance by these organizations and their members that Wolters Kluwer Financial Services can help them do so quickly, effectively and efficiently.”

For more information on Wolters Kluwer Financial Services’ Red Flags solutions, as well as the latest news and developments tied to the new requirements, please visit Wolters Kluwer Financial Services’ Red Flags Resource Center at www.WoltersKluwerFS.com/redflagsinfo.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, Capital Changes, NILS and AuthenticWeb™.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.