Remote Capture Grows and Grows

by Erin McCune on April 30, 2006

in Remote Deposit Capture, Treasury & Cash Management

Two recent annoucements underscore the strong demand for remote capture products:

Press Release, April 25

  • NetDeposit generated a 190 percent increase over transaction volumes of the previous quarter and
  • More than 1,000 new corporate end users have been added since January, 
  • 24,406,641 Check 21 payments were processed during the first quarter of 2006. Compared to one year ago, this represents an astounding 1466 percent increase from the first quarter 2005 transaction volume of 1,664,756.   

Press Release, April 28

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation, today announced its Image Solutions division has successfully implemented branch image capture for over 350 customers around the world. The Metavante Image Solutions customer base for branch image capture reaches every segment in the financial services sector and to financial institutions of every asset size – from community banks and local credit unions to service bureaus and data centers to the country’s largest regional banks and corporate credit unions.

Refer to my earlier post What is Remote Capture?

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