About NetDeposit
Corporate Background
Corporate Headquarters
3949 South 700 East, Suite 300
Salt Lake City, UT 84107
California Office
1720 South Amphlett Blvd., Suite 210
San Mateo, CA 94402
Main Telephone: 801.716.4800
Main Fax: 801.716.4870
Email: info@netdeposit.com
Media Email: pressrelations@netdeposit.com
Organization:
Launched in 1999; incorporated in 2003; reorganized as NetDeposit, LLC in 2008
Ownership: NetDeposit, LLC is a wholly-owned subsidiary of Zions Bancorporation (NASDAQ:ZION)
Executive Management:
Mr. Danne L. Buchanan, CEO
Mr. John B. Hopkins, President
Ms. Mary Hockridge, EVP Sales and Marketing
Mr. Christopher Styga, EVP and General Manager, Financial Services Solutions
Mr. William T. Wong, PhD, EVP and General Manager, Merchant Solutions
Mission
NetDeposit enables businesses to streamline their revenue collection and management with proven payment technologies. Through its three solutions groups — Financial Services, Merchant, and Healthcare — NetDeposit is the first payments company to deliver comprehensive payment products and services focused on the unique needs of businesses within multiple markets.
NetDeposit provides single-source solutions for payment acceptance, processing, and management across market segments. Businesses accelerate receivables, reduce risk, and save time and money with NetDeposit's automated, accurate, and secure processing solutions.
NetDeposit solutions provide businesses immediate decision-making data and improved cash flow and confidence, allowing them to focus on their core competencies and run more profitably.
NetDeposit's Three Solutions Groups
Financial Services Solutions
NetDeposit's Financial Services Solutions deliver value to banks, credit unions, processors, and their customers by providing proven payment technologies. With two patents and billions of checks processed, NetDeposit helps financial institutions win new customers, grow deposits, and deliver ongoing value to customers.
NetDeposit's NetCapture, NetConnect, and NDpro product and service solutions are tailored to the needs of financial institutions. NetDeposit's Financial Services Solutions help financial institutions win new customers, grow deposits, and deliver ongoing value to their business customers.
Merchant Solutions
NetDeposit's Merchant Solutions provides time and cost-saving solutions through its TotalTransact service, which makes processing electronic payments faster and more accurate for any business. TotalTransact is the premier payments processing service that provides convenient, multi-channel payment acceptance, initiation, and depositing services to merchants and corporations.
Whether integrated with an existing management software solution or used as a stand-alone product, TotalTransact dramatically enhances the utility and profitability of any payment solution.
Healthcare Solutions
NetDeposit's Healthcare Solutions enable healthcare providers to manage and improve their revenue cycle by providing technology tools and services. Through its ProviderPay and Total835 services, NetDeposit allows healthcare providers to focus their time growing on their core business and improve the quality of care to their patients.
ProviderPay is a solution tailored for independent and regional chain pharmacies enabling streamlined claim and payment reconciliation.
Total835 is a medical lockbox and EOB processing service for physicians, clinics, and hospitals. Total835 serves as a collecting point and processing service for incoming paper, electronic 835s, and payments to provide a unified reporting output.
Background
Years before the introduction of Check 21 legislation, several executives at Zions Bancorporation recognized that the check would soon undergo a revolution. When check volumes begin declining, banks would have significant challenges to reduce their unit costs, given the high fixed cost associated with large centralized processing centers. Zions foresaw this sea change and examined the options available to help the transition from a central processing model to a distributed image capture model, not just at the bank branch, but also at the bank's corporate and merchant customers where the checks are accepted.
In 1999, under the direction of Danne Buchanan, then a Zions Bancorporation EVP, a design and development team was established and software development began on a solution that would open doors for financial institutions through added value and lower cost of processing check payments. NetDeposit established itself as the financial services market leader in remote capture locations and processed billions of checks for top global financial institutions and international banks and regional U.S. banks and credit unions.
In January 2003, NetDeposit was separately incorporated as a wholly-owned subsidiary of Zions Bancorporation (NASDAQ:ZION). In 2008 NetDeposit expanded the breadth of capabilities and markets served by assuming control of two other Zions Bancorporation subsidiaries, P5 and Modern Payments, and becoming NetDeposit, LLC. This created the premier payments technology company able to provide payment services with market solutions for financial institutions, healthcare, merchants, small businesses, municipalities, non-profits, and more.
NetDeposit, LLC is headquartered in Salt Lake City, UT with additional offices in San Mateo, CA. For information call (801) 716-4800, email info@netdeposit.com.
Media Contact
Mary Hockridge
NetDeposit
Office: 650-638-3746
Mobile: 650-219-4864
Fax: 801.716.5342
Email: mary.hockridge@netdeposit.com
NetDeposit, LLC. Company Profile © 2008 NetDeposit LLC. ALL RIGHTS RESERVED. NetDeposit is a registered trademark, and NetConnect, NetCapture, NDpro, Decision Gateway, ProviderPay, Total835 and TotalTransact are trademarks of NetDeposit LLC, Salt Lake City, UT. All other brand and product names are registered trademarks, trademarks or servicemarks of their respective holders and are gratefully acknowledged. All specifications subject to change without notice.