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Correspondent Banks

Industry changes and technological advancement have created exciting new opportunities in correspondent banking. The Fed's significant withdrawal from check processing, closing all but a few check processing sites, has created a vacuum. Now you can capitalize on this market situation to function as an aggregator for electronic item processing. Your opportunity is to provide an alternative to the Fed and third-party processors for these now underserved financial institutions that will be looking for a solution.

Imaging technology is more prevalent and accepted than ever before. You can use new payment technology to provide tools to assist smaller financial institutions to prepare and deliver image cash letters to you for processing on their behalf. Your correspondent banking customers will benefit from better service and pricing, and you benefit by leveraging your existing image and item infrastructure for a lucrative new or larger revenue stream.

NetDeposit's proven image processing platform, deployed either in your facility or through our ASP deployment, enables you to extend a variety of valuable tools to your correspondent banking customers. Receive image cash letters from your correspondent customers with strong data and image validation tools, ensuring you do not give up control or item quality. For customers that lack image capture capabilities, extend capture tools to their branches and/or operations centers to receive their POD work directly into your processing stream for image-based proof of deposit prior to item clearing. You can even extend remote deposit capture services to correspondent banking customers and broaden their product set.

With a strong electronic item capture and processing solution, you'll be in a position to expand your correspondent services well beyond traditional boundaries. By extending your geographic footprint, you will be in a position to win new business.

NetDeposit is a smart and secure choice for a payment technology partner. Our ownership by a top 50-bank assures that we understand your needs and will be around to deliver the solutions you require in the future. We have patented our technology and are one of the few providers that provide guaranteed safe harbor from intellectual property litigation.

If you are reconsidering your partner selection for payment technology, or are just entering the market, let NetDeposit show you what we have to offer.