New Kodak Web Based Check Deposit Service Provides Innovative Opportunity for Banks to Grow Deposits from Small and Medium Sized Businesses
Rochester, NY.- Banks can now offer Remote Deposit Capture services to small and medium sized businesses by becoming Member Banks of RAPID CAPTURE SOLUTIONS from Kodak. This complete turnkey service enables banks to affordably offer business clients a rapid, reliable, and secure service for scanning and transmitting checks for deposit, virtually eliminating daily trips to the bank.
“Small to medium sized businesses represent the next market opportunity for banks to grow numbers of new customers and deepen relationships with existing ones,” said Andy Lawrence, Worldwide Solutions Business Manager, Document Imaging, Kodak’s Graphic Communications Group. “Member Banks receive an innovative solution that allows them to increase deposits at a lower cost of execution. Together, Kodak and CFC Technology Corporation provide Member Banks with a simple and economic way to complement current Remote Deposit offerings.
Financial institutions that become Member Banks for RAPID CAPTURE SOLUTIONS from Kodak will be selected by depositing companies. Early next year, Kodak will begin promoting the service to attract companies to subscribe. Member Banks will have control over selecting depositors. Participating businesses will receive Kodak’s Remote Deposit Capture platform consisting of a KODAK i6015 Check Scanner, KODAK t6000 Client Software, and KODAK Service and Support. Following an easy setup process, customers simply scan and transmit images of their checks to CFC Technology’s hosted service where funds are then transferred to the Member Bank for processing into customer accounts.
“Member Banks of Rapid Capture Solutions will have an opportunity to increase deposits and cultivate new customer relationships throughout their regional market and, potentially, on a national scale,” said Bill Ristvedt, President, CFC Technology Corporation. “This service extends check processing capabilities to smaller businesses and lowers the bank’s IT investment to do so. Together with Kodak, we’ve created a win win scenario for banks: increased sales and marketing with lower cost IT. No one else in the payments industry is doing this.”
Kodak and CFC Technology are actively recruiting financial institutions to expand the network of Member Banks throughout the United States. Both companies will be giving demonstrations in the booth #312 at the Association for Financial Professionals® (AFP) Annual Conference, the largest annual meeting of corporate treasury and finance professionals in the United States, Oct. 19-22 in Los Angeles. To request more information, contact Kodak at http://www.kodak.com/go/rapidcapture.
KODAK Products are backed by KODAK Service and Support.KODAK Service and Support is made up of more than 3,000 professionals reaching more than 120 countries. It is a leading multi-vendor integrated services provider, delivering consulting, installation, maintenance and support services for the commercial printing, graphic communications, document imaging and data storage industries. KODAK Service and Support professionals are uniquely qualified to provide services that control costs, maximize productivity, and minimize business risk.
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