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EXHIBIT "B" <br /> <br />TowerACH is a gunds transfer service that allows you to originate paperless transactions <br />through the Automated Clearing House (ACH) network using a standard Web browser <br />(Microsoft Interact Explorer® or Netscape®) on your PC. By simply accessing Hibernia's <br />private, secured network called TowerNET sM, you have a single point of access for all of <br />your ACH needs: <br /> <br />· Direct Deposit (payroll, pension benefits, dividends, expense reimbursements, bonuses). <br />· Direct Payment of Consumer Debits and Credits- <br /> Insurance premiums, utility bills, mortgage payments, subscriptions, member ship due, <br /> loan payments, monthly pledges, rents/leases. <br />· Electronic Federal and state tax payments (comply with Federal and state mandates <br /> for electronic tax payments). <br />· Vendor Payments (pay suppliers for goods and services plus provide additional <br /> payment information). <br /> <br />With TowerACH you do not need any special knowledge o£trans£er formats or complicated <br />ACH codes. You simply enter familiar data such as employee/customer names and bank <br />account numbers, review the transaction totals and reports, then release files to the Bank. It's <br />that easy! <br /> <br />· Easy-to-use, point-and-click Windows interface. <br />· Stored databases for various types of ACH transactions. <br />· List windows organize your data for quick reference. <br />· Summary windows allow rapid dollar amount updates. <br />· Extensive security ensures that only the appropriate people enter and release transactions. <br />· Import data in a variety of file formats. <br />· Context-sensitive on-line help. <br />· On-line confirmation of batch processing status. <br />· Detailed transaction reports. <br />· Online ACH holiday calendar and notification of upcoming holidays. <br />· Fully integrated with Hibernia's electronic balance reporting service, TowerNET. <br />· Return notifications by mail, fax or PC <br /> <br /> Information is in NACHA format with a 2 day prior to credit release by 4:00p.m. <br /> Example:Deadline for a Friday Payroll would be Wednesday at 4:00 p.m. <br /> <br /> Reversals and corrections can be sent prior to release and a file edit can be done. After <br /> file release we cannot guarantee retrieval. <br /> <br /> Dollar Limits are determined by need and credit approval. An annual audited financial <br /> statement will be required. <br /> <br /> Pre-Notification can be generated by you through TowerACH. <br /> <br /> <br />