Phase II builds on standard capabilities, such as wire services and account management, to add a new level of functionality. Online bill pay, a critical new feature, offers users the first convenient payment method and replaces the need for in person payments at a bank or vendor. Scheduled fund transfers and fixed-term savings options, similar to CDs, allow users to actively manage their use of savings products to maximize returns while meeting financial commitments. Phase II also includes a preliminary mobile payment system enabling users to send payments and fund transfers to other BEA customers via text message.

Yucheng developed BEA's initial personal online banking platform in early 2008 to wide industry acclaim. The platform was honored as the "Outstanding Online Banking Platform for a Foreign Bank" at the Decennium Celebration of China Commercial Internet. Phase II will leverage Yucheng's industry-leading technology and best practices to ensure that BEA remains at the forefront of e-banking in China.

Mr. Weidong Hong, CEO of Yucheng Technologies stated, "Competition is intensifying and consumers are becoming more sophisticated. Our online banking solutions not only lower the cost of customer service, but also increase the quality of each interaction. During Phase II, we hope to create a rich online user experience through our combination of intuitive design and innovative online tools. We look forward to expanding our relationship with BEA in the online space and across all of our solution lines. "

Channel Solutions enable banks to better communicate with customers. Yucheng is the number one provider of e-banking solutions in China and our clients currently include more than 25 of the top banks in China.