Dep@sit supports the remote deposit of business and personal checks through a financial institution’s internet banking site or a dedicated retail portal. Using flatbed scanners, single or multiple checks are scanned, image quality is automatically verified, and deposits are confirmed and confirmation numbers automatically generated.
Scanned checks are processed through the Check 21 image exchange network and financial institutions can provide real-time deposit credit. Dep@sit requires a high-speed internet connection, is compatible with most off-the-shelf flatbed scanners, and does not require users to buy or download software, the company said.
This system’s intuitive design eliminates the need for user training and enables self-service enrollment, according to Jack Henry & Associates.
Dep@sit, which was developed internally by Jack Henry & Associates, will be sold to the core bank clients supported by its Jack Henry Banking division, to the core credit union clients supported by its Symitar division, and to financial institutions outside its core client bases by its ProfitStars division.