Data Age and Skyline Data Launch Integrated POS and Check 21 Remote Deposit Capture
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LARGO, Fla., April 22 / / - Data Age Business Systems, Inc., a leading provider of Financial Transaction Software Solutions, announced that it now enables its CheckMaster® customers with the ability to benefit from Remote Deposit Capture technologies.
This new digital check cashing paradigm is easily justified by improving float, increasing the availability of funds, a reduction in NSFs, less dependency on credit lines, and lower costs in the form of time, gas, insurance and security. According to Data Age's VP of Sales and Marketing, Victor Guzman, Integrated Check 21 solution has undergone exhaustive testing. "Money Service Businesses like Check Cashing operations are commonly finding themselves constrained by banks and threatened with discontinuance," Mr. Guzman said. "Our new Check 21 offering enables Check Cashing operations to deposit checks electronically with any number of banks."
Skyline Data's CEO, Lawrence Cohen, expounded upon the benefits of extended deposit times and next day fund availability when using Remote Deposit Capturing technology. "The new integrated offering takes advantage of sophisticated technology that performs upfront image quality checks," Mr. Cohen said.
Check 21 Remote Deposit Capturing may help to reduce losses from fraud, late returns and provides longer decision windows for returned items.
"The Federal Reserve Bank has been promoting transmissions of standardized x9.37 image cash letter files in an effort to control expenses, resulting in a win for businesses," Mr. Cohen said.
About Skyline Data
Skyline was established in May, 2004. Since then the company has achieved several milestones in the banking industry as one of the first companies to introduce Check 21 to the marketplace. Skyline DirectFED was the first company to install Check 21 systems into the MSB industry, and the Credit Union network in America. Skyline was the first company to be recognized and allowed to deliver electronic check files directly to the Federal Reserve Bank.
About Data Age
Data Age Business Systems is a leading provider of Financial Transaction Software Solutions designed to help businesses improve profitability, comply with regulatory environments, and to implement controls that facilitate decision making, diversification and growth. Data Age provides software solutions to Pawnbrokers, Check Cashing, Payday Loan, Liquor Store, Gun Shops, Buy Sell and Title Loan businesses. In addition, the company provides Credit Card Merchant Processing and off-site Data Storage services.
For further information, contact Corporate Communications at 727-582-9100 x107.
Source: Data Age Business Systems
CONTACT: Corporate Communications, +1-727-582-9100 x107
Web Site: http://www.dataage.com/
