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NetDeposit Reaches Electronic Check Archiving Agreement with DataTreasury
Salt Lake City, Utah — December 20, 2007— NetDeposit, Inc. (www.netdeposit.com), announced today that it has entered into a data archiving agreement with DataTreasury Corporation (www.datatreasury.com). This agreement provides existing and future NetDeposit customers the ability to license image-archiving technology as part of the company’s solution for long-term storage of check images and check-processing data.
“This is our second agreement with DataTreasury,” said Danne Buchanan, CEO of NetDeposit. “Our first agreement, reached in June of 2005, related to image capture and processing of checks covered by DataTreasury patents. With this second agreement, which provides for a data archiving solution, our customers will enjoy increased intellectual property protection in the industry.”
“We are proud to expand our partnership with NetDeposit,” said Claudio Ballard, DataTreasury’s founder and the inventor of its patented check-imaging technology. “With Danne Buchanan at the lead and the backing of Zions Bancorporation, NetDeposit is driven to provide the protection necessary for their customers to electronify and archive checks and check data.”
NetDeposit customers include a number of regional and national banks as well as four of the world’s largest cash management financial institutions. Its solutions have a proven track record of driving real value to its customers and enabling added efficiencies in check processing. With more than 15,000 deployed Remote Deposit Capture seats in the market, NetDeposit provides financial institutions with the tools to lead markets and reshape the way they compete.
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