Remote Deposit Capture News
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- Brinks Check Imaging Sets New Record - Now Processing Over 1 Million Items Per Month.
Just 8 months after launching the service, Brink's is processing over 1 million check images a month -- and helping financial institutions transition from paper to image processing so they can take advantage of the efficiencies and cost savings created by Check 21 legislation. - The PrivateBank Increases Efficiencies with Goldleaf's Remote Deposit Express
Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI - News), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Chicago-based The PrivateBank has been able to significantly improve read rates and increase efficiencies through the Web-based CAR/LAR service of Goldleaf's Remote Deposit Express (RDX). On average, The PrivateBank transmits between 13,000-15,000 items a month, comprising more than 70 percent of the total number of the bank's items that are running through remote deposit. According to the bank, the CAR/LAR enhancement presents significant time-savings to its customers, as well as read rates close to 90 percent. For some of the bank's larger volume customers, it has reduced the scanning time by half... - Alogent Provides Remote Deposit Solution to Frontier Bank
Alogent Corp., a leading provider of enterprise deposit automation technologies for global financial institutions and processors, today announced Everett, Wash.-based Frontier Bank, has chosen its Sierra Xpedite® Remote Deposit™ solution to provide a turn key remote deposit automation approach for its commercial customers... - COCC POSTS INCREASED SALES WITH METAVANTE BRANCH CAPTURE SOLUTION
Metavante, a leading provider of banking and payments technology, and COCC, a leading provider of next-generation technology services for community financial institutions, primarily in the Northeastern United States, today announced that sales and implementations for Branch Capture are outpacing 2006 editorial levels. COCC, a FinTech 100 data processing company, has installed Metavante Branch Capture for 110 of its 152 community bank and credit union clients since 2004, with an additional 20 percent installed in 2007 alone... - Federal Reserve Study Shows That More Than Two-Thirds of Noncash Payments Are Now Electronic - Still, more than 33 Billion Checks Written in 2006
The Federal Reserve's 2007 study of noncash payments released today revealed that in 2006 more than two-thirds of all U.S noncash payments were made electronically. From 2003 to 2006, the period covered by the study, all types of electronic payments grew while check payments decreased. The Federal Reserve's 2004 Payments Study found that the number of electronic payments and check payments were roughly equal in 2003. About 19 billion more electronic payments were made in 2006 than in 2003. In contrast, the number of checks paid fell by about 7 billion over the same period. Of the 93 billion noncash payments in 2006, about 63 billion were electronic and around 30 billion were checks... - Software Earnings and BankTEL Announce Partnership to Provide Seamless Remittance and Remote Deposit Solution
Software Earnings, a leader in developing check and image processing technologies and services for the financial industry, has announced a partnership with Columbus, Miss.-based BankTEL® to provide financial institutions with an advanced seamless remittance and remote deposit solution. The combination of BankTEL's proven remittance functionality with Software Earnings' state-of-the-art distributed capture application, FirstTouch iCapture (FTiC), enables financial institutions to implement a comprehensive solution to meet the needs of customers processing remittance payments... - PlantersFIRST Expands Market Boundaries with Goldleaf's Remote Deposit and ACH Solutions
Goldleaf Financial Solutions, Inc., a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that since implementing Goldleaf's ACH and Remote Deposit Express (RDX), Cordele, Ga.-based PlantersFIRST has strengthened relationships with current customers while gaining new business by offering electronic services. The bank, with more than $420 million in assets, has offered Goldleaf's ACH solution for more than eight years. Two years ago PlantersFIRST selected Goldleaf's remote deposit solution to increase its customer base while also enhancing customer service. Bank executives cited Goldleaf's high level of customer support experienced during their previous relationship and industry expertise as key factors in their decision... - For Property Management Companies, Remote Deposit Pays The Rent
Like most businesses, Maxus Properties once made frequent trips to the bank to deposit checks. The property management company, which provides services to apartment complexes in nine states, found that its property managers had to close up rental offices in order to get deposits into their accounts. With offices closed 30 minutes or more, that sometimes meant lost opportunities to show apartments to prospective tenants. Today, Maxus has done away with those trips by switching to electronic deposits – made right from each rental office... - Remote deposit puts a bank branch on the desktop
By Jerri Stroud ST. LOUIS POST-DISPATCH 11/30/2007 A service from First Banks Inc. gives Erb Equipment Co. "a banking location within our own facility," said Carrie Roider, chief financial officer for Erb, a John Deere heavy equipment dealer in Fenton. The service, called remote capture deposit, is gaining ground at banks and businesses across the St. Louis area and nationwide. Banks provide customers with a scanner that they use to convert checks into electronic images, which they send on to the bank via a secure Internet connection. The businesses get quicker credit for the checks they deposit, and neither the businesses nor the banks have to move as much paper around. Before the advent of remote capture, many businesses had to get their deposits to their bank before 2 p.m. to get same-day credit. Now banks are crediting remote deposits as late as 8 p.m.... - RDM Corporation reports record revenues and earnings in fiscal 2007, Transaction volumes grow nearly 200%, Company achieves 39% revenue growth
RDM Corporation (TSX: RC), a leading provider of solutions for the electronic commerce and payment processing markets, today reported its financial results for the three and twelve-month periods ended September 30, 2007. Fiscal 2007 Financial Highlights Total revenues were $33.9 million in fiscal 2007, an increase of 39% from $24.3 million in 2006. The Digital Imaging segment, which represented 85% of revenues, grew by 69% to $28.7 million of revenues. Gross profit was $13.5 million or 40% of revenues, compared to $10.0 million or 41% of revenues in 2006. Net earnings were $5.8 million or $0.26 per share (fully diluted) in 2007, compared to $2.1 million or $0.10 per share in the previous year. Approximately $2.7 million of 2007 earnings or $0.13 per share were attributable to a gain on the sale of RDM's minority stake in Xign Corporation. Cash and equivalents grew to $17.4 million at September 30, 2007, from $6.2 million one year earlier. - WAUSAU Unveils Enhanced eStore, WAUSAU Online, for Convenient Online Ordering
WAUSAU, the industry leader in distributed payment and document processing solutions, today announced an enhanced version of its online store. The new site, WAUSAU Online, allows customers more options and flexibility than ever before. To celebrate the new WAUSAU Online launch, WAUSAU is offering special promotional pricing on a number of its products. WAUSAU Online can be accessed at www.eStore.Wausaufs.com. - Wincor Nixdorf Further Simplifies the ATM Experience with Industry's First Mixed Bundle Deposit Technology
System Allows Consumers to Deposit Mixed Cash and Checks in One Stack; Does the Work of Multiple Conventional ATMs AUSTIN, Texas, November 19, 2007 – Wincor Nixdorf, the first company to introduce bulk check deposit ATM technology to the banking industry, has taken the technology a significant step further with a mixed bundle deposit ATM. The new Wincor Nixdorf ATM allows consumers to dep