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NetDeposit Launches NetCapture Business 5.0

New Software Release Enables Financial Institutions to Deliver Best of Class Remote Deposit Capture Solutions to the Corporate Market

Salt Lake City, Utah — February 7, 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, today announced the availability of its NetCapture Business 5.0. The new software is designed to expand the check processing capabilities of banks and their remote deposit corporate customers, further changing the competitive rules of the industry.

 

NetCapture Business 5.0 will enable banks and corporations to improve how remote capture works, allowing them to increase market share, retain and up-sell clients and grow their bottom line. In today's competitive financial services environment, these capabilities will help fuel adoption of Check 21 among large and mid-size banks and their corporate customers.

“A number of leading banks and corporations are already recognizing the benefits of Check 21,” said Danne Buchanan, CEO of NetDeposit. “The enhanced capabilities of NetCapture Business 5.0 will help drive its widespread adoption and will impact how banks compete for corporate business.”

Remote deposit, part of the new era in check processing instituted under Check 21, enables companies to electronically deposit checks from their offices. NetCapture Business 5.0 was developed in collaboration with NetDeposit's banking customers, which include Bank of America, ABN Amro, Zions Bancorporation and Harris Nesbitt, some of the largest cash management banks in the world. Also, because companies can essentially complete their check deposits on premise, banks are no longer bound by traditional geographic boundaries for customer acquisition.

Through NetCapture Business 5.0, banks can provide their corporate customers with a number of improvements in key business functions—work flow efficiency, make deposits at anytime, no need to leave the office to make deposits, improved access to deposit data, and the ability to consolidate banking relationships.

Among the new software's upgrades and enhancements are:

  • Multiple reporting options for banks and their customers
  • Web accessible item search and research capabilities
  • Automatic client software updates
  • One-click installer for ease of customer implementation
  • Dual control for deposit approval within the customer environment
  • Security and usability enhancements

For NetDeposit, the new version of NetCapture Business represents a milestone in the company's development. Founded in 2003, NetDeposit has established itself as a leading software provider and thinker in the Check 21 space. More than 3,700 corporate locations use NetDeposit software, and the software supports more than 6,000,000 transactions monthly and is growing exponentially.

For detailed product specifications, hardware and software requirements please visit http://www.netdeposit.com/products_netcapture_business.php or call 1 (801) 273-6067.

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. NetDeposit is a subsidiary of Zions Bancorporation (NASDAQ:ZION). 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