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Farm Bureau Selects NetDeposit for its Remote Deposit Capture Solution
NetDeposit's NDpro Payment Services Enables Quick Implementation with Minimal Infrastructure Impact
Salt Lake City, Utah — August 27, 2007— NetDeposit, Inc. (www.netdeposit.com), the leader in innovative check payment technologies and services, announced today that Sparks, Nevada-based Farm Bureau Bank has selected NetDeposit as its provider of Remote Deposit Capture (RDC) services. Farm Bureau Bank selected NetDeposit’s NDpro Payment Services with its complete package of technology and solutions to support its rollout, security and management requirements. The bank will offer the service to Farm Bureau members and companies in 42 states.
“Farm Bureau Bank is dedicated to providing the best services available to all of our Farm Bureau partners and members who are spread all across the country,” said Mark Cromer, SVP of Operations at Farm Bureau Bank. “After evaluating several RDC alternatives, we selected the NetDeposit NDpro Payment Services RDC Solution because it is easy to install, manage and use. We also appreciate the fact that it has minimal impact on our existing IT infrastructure and internal processes. The solution provides us with peace of mind knowing that it is based on the industry’s most proven RDC platform and offers the capabilities needed by our customers.”
NetDeposit’s NDpro Payment Services RDC Solution provides a way for financial institutions to easily provide customers with the industry’s best and most deployed RDC service. NDpro Payment Services allows Farm Bureau Bank to offer its customers a comprehensive and flexible on-demand RDC solution that allows the bank and customers to realize the benefits of check electronification.
“We are extremely pleased to add Farm Bureau Bank to our list of bank customers who are offering revolutionary check solutions,” said Danne Buchanan, CEO of NetDeposit. “RDC removes the geographic restrictions that Farm Bureau members faced. Now deposits can be made at any time, from virtually any location they choose. As they continue to grow their nationwide customer base, remote capture is truly a value-added service that all of Farm Bureau’s members can take advantage of.”
NetDeposit’s solutions have a proven track record of driving real value to its customers and enabling added efficiencies in check processing. Leveraging its experience as the most widely deployed remote check capture solution, NetDeposit provides banks with the tools to lead markets in reshaping the way they compete.
The growing list of NetDeposit customers includes a number of regional and national banks as well as four of the world’s largest cash management banks. With more than 12,000 deployed RDC seats in the market, NetDeposit continues to lead the industry.
About Farm Bureau Bank
Farm Bureau Bank is a full service institution offering credit cards, deposit products, loans, and business services. Founded in 1999 by Farm Bureau, the bank services the financial needs of over 100,000 Farm Bureau Members residing in 42 states. For more information visit: www.farmbureaubank.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. 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