PASS(TM) Remote Deposit, Powered by BankServ, Offers New Opportunity for Banks to Connect with Small Business Customers


SAN FRANCISCO, Nov. 14 / -- BankServ (http://www.bankserv.com/), worldwide experts in electronic payments, today announced a revolutionary solution for banks looking to connect with small business customers and drive deeper banking relationships. Through Windows Vista Business and the PASS(TM) (Payments as a Secure Service(TM)) Commerce Center, BankServ now offers its award-winning DepositNow!® system for Remote Deposit Capture in a new solution, PASS Remote Deposit.

The PASS Commerce Center presents a bundled set of business tools designed for small business owners looking to perform a variety of financial management activities through Windows Vista. Subscribers to PASS Remote Deposit can scan checks from the office or home, using a desktop PC and affordable check scanner, and automatically deposit those payments to any U.S. bank account.

According to industry reports, over one third of U.S. financial institutions already offer remote deposit, with adoption rates expected to swell to nearly one-half by the end of year. As more and more small businesses demand Remote Deposit Capture as part of their banking relationship, financial institutions must add this service in order to remain competitive. The PASS Commerce Center and PASS Remote Deposit allow banks to quickly and easily integrate Remote Deposit Capture and other payment services into their service suite, and features:

o Turnkey enablement for any financial institution to participate in
Remote Deposit Capture through advanced network and payment systems
o Customized, co-branded sales and marketing collateral to jump-start
Remote Deposit Capture implementation and promotion
o Ancillary, recurring revenue opportunities

"Banks now have the opportunity to reinforce small business customer relationships by providing the highly-valued service of remote deposit capture," comments Ron Jost, General Manager, PASS. "Offering PASS Remote Deposit, along with other PASS Payment bundled services, will help banks to extend their brand, retain current customers and even acquire new customers."

"BankServ has chosen to be a part of the PASS Consortium because we are dedicated to serving financial institutions and because we know that Remote Deposit Capture has become a necessary service offered by financial institutions to their customers," said David Keenan, Vice President, BankServ. "The power of the PASS Consortium is that it offers financial institutions a turnkey method to quickly and easily support the full spectrum of payment services demanded by today's small business customer. With PASS Payments including PASS Remote Deposit, banks can now support Remote Deposit Capture within a matter of days, not months, and can instantly provide support to business customers on their definitive platform choice, Windows Vista."

About BankServ

Since 1996, BankServ has been developing and delivering electronic payments technology for financial institutions across the globe, including systems for Fedwire, SWIFT, person-to-person payments and Check 21. More information about privately held BankServ can be found at http://www.bankserv.com/.

About PASS(TM)

The PASS(TM) Consortium consists of a group of leading financial institutions and payment service providers including AmbironTrustWave, BankServ, Chase Paymentech, CIT Group, Inc., Internet Commerce Corporation, PayPal and IP Commerce. The IP Commerce Platform and Windows Vista(TM) operating system provide the underlying technology for PASS(TM).

Source: BankServ

CONTACT:
Public Relations Department of BankServ
+1-415-277-9900
fax +1-415-277-9904

Web site: http://www.bankserv.com/

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