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BOK Financial Corporation selects NetDeposit for Remote Deposit Capture Solution
Will Deliver Industry-Leading Remote Deposit Capture Offering Through Its Six Bank Subsidiaries as a Key Component of a Broad-based Image Strategy
Salt Lake City, Utah — July 18, 2006— NetDeposit, Inc. (www.netdeposit.com), an innovator in Check 21 software and the leading provider of remote deposit capture solutions for the financial industry, announced that BOK Financial Corporation has selected NetDeposit to provide the remote deposit capture (RDC) solution for its six bank subsidiaries. Headquartered in Tulsa, OK and with more than $16 billion in assets, BOK Financial Corporation has become one of the nation’s premier financial services companies, operating Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arkansas, Bank of Arizona and Colorado State Bank and Trust.
“NetDeposit allows us to provide remote services to areas where we currently do not have a branch presence which makes banking easier and simpler for our customers,” said Alan Aaron, SVP of Treasury Services for BOKF. “We wanted to make sure that the solution we choose for our customers includes the features and functionality they require to meet their depository needs. NetDeposit was the clear choice given their world-class offering and proven track record within the banking industry.”
“Our plans are to begin installation and testing immediately in order to begin offering this new service to our customers later this year,” added Scott Smith, VP of Product Development for BOKF.
NetDeposit provides banks with the technology and experience to deploy a full-service RDC option to their clients. The company’s technology allows its bank partners to extend their deposit reach and build new customer relationships in markets not previously accessible. The bank can then enable its clients to either eliminate trips to the bank or discontinue costly courier services, by making deposits directly to the bank electronically.
“BOK Financial Corporation has a long standing tradition of success and leadership within its rapidly growing markets,” said Danne Buchanan, CEO of NetDeposit. “In the modern world of banking, customers will continually be drawn to institutions that provide the best solutions, coupled with exemplary service. BOKF and its six affiliate banks exemplify this and we are pleased to be part of their tradition going forward.”
NetDeposit offers a full breadth of solutions to meet the demands of banks and their customer needs. Through this latest customer acquisition, NetDeposit continues to grow its client base across all sectors of the banking industry, including a number of the world’s largest cash management banks and regional financial institutions.
ABOUT BOK FINANCIAL
BOK Financial is a $16.3 billion regional financial services company that provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. Holdings include Bank of Albuquerque, N.A., Bank of Arizona, N.A., Bank of Arkansas, N.A., Bank of Oklahoma, N.A., Bank of Texas, N.A., Colorado State Bank and Trust, N.A., broker-dealer BOSC, Inc., Southwest Trust Co. and the TransFund electronic funds network. Shares of BOK Financial are traded on the NASDAQ under the symbol BOKF. For more information, visit our website at http://www.bokf.com.
About NetDeposit, Inc.
NetDeposit, Inc. is leading a revolution in the way check payments are processed. More money changes hands through checks than any other form of payment and NetDeposit is changing how financial institutions compete for customers. NetDeposit solutions enable financial institutions to evolve their operations by replacing manual check handling with distributed capture and electronic image processing. Since its founding in 1999, NetDeposit has led the market in the number of remote capture locations and processed millions of checks for top international banks and regional U.S. financial institutions. For information call (801) 273-6067, email pressrelations@netdeposit.com or visit www.netdeposit.com.
NetDeposit is a registered trademark. NetConnect, NetCapture, NDpro, and Decision Gateway are trademarks of NetDeposit, Inc., 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.
Media Contact:
Mary Hockridge
NetDeposit
mary.hockridge@netdeposit.com
650-638-3746