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NetDeposit and Q2 Software Partner to Offer Distributed Capture and Payment Solutions to Community Financial Institutions

Q2 Expands its Product Offering with the Addition of NetDeposit’s Full Suite of Remote Deposit Capture, Branch Capture, Card and ACH Solutions

Salt Lake City — July 30, 2009— Today NetDeposit, a leading provider of distributed payment solutions, announced a new partnership agreement with Q2 Software, Inc. Q2 Software now provides community financial institutions access to NetDeposit's remote deposit capture, branch capture, debit/credit card and ACH payments.  Q2 is recognized as the preeminent supplier, servicer, and enabler of technology services to community financial institutions. This collaboration further advances Q2's  banking technology  offering with comprehensive distributed capture capabilities and payment processing solutions that are easy to deploy, use and manage.

"Our mission is to strengthen local economies, businesses and consumers by helping to build strong and vital financial institutions that serve local communities all across the country.  These financial institutions need access to the best solutions and technology available in order to accomplish this," said Keith Harrison, senior vice president of Strategic Alliances for Q2 Software.  "Through our agreement with NetDeposit, our customers will have access to the NetDeposit suite of products, the same industry leading distributed capture and payment products that are used by a number of the world's largest financial institutions."

A leading provider of electronic banking software and services, Q2 enables affiliated community financial institutions to compete with large national banks by providing access to multiple software applications through a single platform. This common infrastructure aggregates services in a unified way, deriving economies of scale previously available only to large banks.

As part of this new partnership agreement, Q2 Software will now offer the following NetDeposit solutions to their customers:

  • NetCapture Small Business/Consumer  - A Web-based remote deposit capture application ideal for small business and consumers with low volume deposits.
  • NetCapture Business - A web-based remote deposit capture application suited for businesses that want to utilize the convenience of browser-based technology.
  • NetCapture Business Pro - A desktop RDC application designed to support businesses that receive high check volume. 
  • NetCapture Receivables - A web-based coupon and check capture application.
  • NetCapture Branch - An advanced, image-based branch capture solution designed to work with a financial institution's existing business systems.
  • NDpro Transact -An electronic payment gateway that enables the bank's customers to easily utilize applications such as online payment pages, recurring payments and phone payments, and to accept card or eCheck (ACH).

"NetDeposit is very excited to add its payment and capture solutions to Q2's product portfolio.  Q2 provides community banks access to one of the best products and solutions in the industry," said Chris Styga, general manager of NetDeposit's Financial Services Solutions Group.  "Q2 has existing relationships with a number of community financial institutions that require these solutions to compete in today's marketplace.  Together with Q2 software, NetDeposit can now offer industry leading capture and payment solutions to institutions of all size."

NetDeposit has been in the business of check electronification and remote deposit capture since 1999 and is recognized as a leading provider by the industry. NetDeposit has developed unique expertise and quality reputation in developing and selling distributed check capture and payment solutions to the financial services industry.  NetDeposit's products and services are used by a number of the world's largest cash management banks as well as regional banks, community banks and credit unions.

About Q2 Software

Q2 Software, Inc., a CBG Holdings company is a privately-owned and bank-owned technology company enabling financial institutions with Electronic Banking software and services.  Q2 is focused on driving innovative technology and delivering unmatched customer service. Additionally, an open "Vendor Integration Framework" allows for the integration of critical third party customer-facing applications for a complete electronic banking experience.  Q2's product development strategy is to empower our customers to compete with the national banks by providing a platform that will allow for rapid feature enhancements as market conditions change.   To learn more visit http://www.q2software.com/.

About NetDeposit

NetDeposit leads the revolution in payment technologies which support paper to image processing, distributed capture, and electronic clearing. NetDeposit's Financial Services Solutions Group delivers value to banks, credit unions, processors, and their customers by providing proven payment technologies. With two patents and billions of checks processed, NetDeposit's products and services include remote deposit capture, branch capture, image cash letter processing, and check clearing.

NetDeposit, LLC, is a subsidiary of Zions Bancorporation (NASDAQ:ZION). For information call (801) 716-4800, email pressrelations@netdeposit.com or visit http://www.netdeposit.com/.

 

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NetDeposit and NetCapture are registered trademarks of NetDeposit, LLC. All other trademarks and/or registered trademarks are property of their respective owners.