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Paragon Application Systems and Credit Union 24 Sign Referral Agreement

22 April 2006

Paragon Application Systems, the leading global provider of ATM and EFT simulation, configuration and testing tools, announces that it has signed a comprehensive referral agreement with Credit Union 24, a credit union-owned full-service ATM/POS network. Credit Union 24 will recommend Paragon's quality assurance and regression testing tool FASTest for member pre-certification. FASTest for Credit Union 24 will be generally available in May, 2006.


Paragon's FASTest will enable processors to conduct pre-certification testing off-line, on their own schedule, allowing them to confirm transaction processing prior to certification testing. FASTest also enables users to conduct comprehensive quality assurance and regression testing using Paragon's automated test cases or by customizing test cases to meet their specific needs.


"We're very excited to be able to recommend Paragon's FASTest tool to our Credit Union 24 processing partners," said Credit Union 24 President & CEO Jim Park. "Paragon's pre-certification testing solutions will ultimately ensure that our credit union cardholders continue to enjoy accurate and reliable transaction processing."


"Our customers have proven they can prevent errors getting into production and also reduce their certification/recertification times by thorough testing with FASTest," says Kathryn Cameron, Director for Sales for Paragon Application Systems. "FASTest's flexibility allows them to create and test good, bad and fraudulent scenarios."


Paragon's FASTest is currently used by over 165 financial institutions with more than 390 licenses worldwide. FASTest is available to simulate over 60 message formats including ISO 8583, POS, ATM and IFX.


About Paragon Application Systems


Paragon Application Systems is the leading global provider of ATM, EFT and POS simulation, configuration and testing software tools to the financial industry. More than 350 financial institutions in over 70 countries use Paragon tools to improve quality, and reduce time-to-market. Paragon's broad customer base includes major interchanges, processors, leading software providers, banks and credit unions. Visit Paragon Application Systems at http://www.paragonedge.com.


About Credit Union 24, Inc.


Credit Union 24 is a flexible, member-owned, full-service ATM and POS network with multiple processor links, hundreds of thousands of POS locations and more than 100,000 ATM terminals across the country. Credit Union 24's CU HERE surcharge-free program is part of one of the largest surcharge-free ATM networks, offering approximately 12,000 no-fee ATMs. Headquartered in Tallahassee, Fla., the Credit Union 24(R) Network is a strong, growing and independent EFT cooperative, and is the largest credit union-owned POS network in the nation.

Source: prnewswire


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