CFR Cullen Frost Bankers Inc

Panini announced today that Frost Bank, one of the nation�s leading financial institutions, has selected the Panini Vision X� check scanner for branch image capture. The Vision X allows Frost Bank to increase operational efficiency by automating check processing in its branches by capturing check images at the teller. Frost Bank will extend their benefits of branch capture by leveraging the multi-function capabilities and architecture of the Panini Vision X. Frost will deploy Panini�s Advanced Graphic Printing (AGP) option to enable receipt printing for teller deposit transactions within the same physical Vision X unit. The bank is also taking advantage of Panini�s new ultrasonic double document detection technology designed to enable highly effective and accurate detection of more than one item in the document track, regardless of document thickness or colors. Ultrasonic technology is able to accurately discern true double feed conditions, resulting in a smoother workflow with fewer interruptions, higher user satisfaction, and lower cost of operation. By using the multi-function options and advanced technology features designed into Panini�s Vision X capture solution, Frost Bank is able to reduce its overall capital expenditure and space requirements at the teller. �We are very impressed with the ability of the Panini Vision X to serve as a high quality check scanner for branch image capture and also print customer receipts in one consolidated device,� says David Rathke, Senior Vice President, Frost Bank. �The operational benefits of ultrasonic double document detection technology were also instrumental in our decision to implement the Panini Vision X.� �We�re finding that users of Panini technology are thrilled with the opportunity to reduce space and capital investment requirements by consolidating multiple payment processing functionalities into one device,� adds Doug Roberts, President, Panini North America. �Frost Bank understands these benefits and has positioned themselves for competitive advantage as they utilize the Panini Vision X to enable their branches for image exchange.� Panini is a global leader in providing payment technology innovation. The company�s dominant market share position was recently affirmed by Celent, a leading industry consulting firm, in their 2008 RDC report, which named Panini the overall leader in check scanner shipments for the third consecutive year based on CY 2007 results. Panini�s scalable check capture platform addresses the complete range of distributed check capture applications. For more information visit www.panini.com. About Panini Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company�s expertise in research & development. Panini�s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini North America, a wholly owned subsidiary, offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini�s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, merchant back office conversion (BOC), cash vault, microfilm replacement and remittance processing. For more information please visit www.panini.com. About Frost Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company headquartered in San Antonio, with assets of $14.1 billion at September 30, 2008. The corporation provides a full range of business and consumer banking products, investment and brokerage services, insurance products and investment banking services. Frost operates more than 100 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost is the largest banking organization headquartered in Texas that operates only in Texas, with a legacy of helping Texans with their financial needs during three centuries. For more information, visit www.frostbank.com.