22 October 2017
Register now

NetDeposit restructures operations

24 May 2007  |  1635 views  |  0 Source: NetDeposit

NetDeposit, the leader in innovative check payment technologies and services, today announced a new business delivery model that allows NetDeposit to solidify its leadership in the electronic payments industry.

The announcement was made at its annual Customer Advisory Group meetings. Rapid growth and changing customer requirements are driving an evolution in the electronic payments marketplace. To address this changing environment and to better meet the needs of customers, NetDeposit is now deploying its organization around two specific lines of business: NetDeposit Licensed Solutions and NDpro Payment Services.

Long-time industry veterans Jeff Johnson and Chris Styga will lead the NDpro Payment Services and Licensed Solutions lines of business, respectively. They each bring more than 20 years of financial industry expertise to their roles. Both will report directly to Royce Brown, NetDeposit President and COO. These changes are effective immediately.

"At NetDeposit we are progressively revolutionizing the way checks are processed. In order to maintain our leadership position in the market, it is imperative that we are organized to deliver the best people, processes and technology to our customers," said Danne Buchanan, CEO of NetDeposit. "The growth in our market is almost unprecedented in the banking world and shows no signs of slowing down. With this new structure, we will be able to focus our efforts around the unique needs of our current clients and continue to provide the success-enabling solutions our growing market demands."

The newly organized NDpro Payment Services line of business provides financial institutions with comprehensive, on-demand Remote Deposit Capture (RDC) and Image Cash Letter (ICL) solutions. This enables financial institutions to enter the rapidly expanding market for electronic check capture and processing services with minimal risk and low direct investment. The service is built on NetDeposit's fifth-generation technology platform, which currently powers the largest number of corporate capture installations in the industry. The entire line of business is managed by experienced personnel who have deployed and supported RDC and ICL solutions for a wide range of financial institutions.

The newly organized NetDeposit Licensed Solutions line of business is responsible for the development of new products, product maintenance, professional services and custom development for NetDeposit's full suite of products. Licensed Solutions develops and provides software to financial institutions desiring to bring NetDeposit's technology in-house and integrate it into their existing structure. NDpro Payment Services will also be a customer of the License Solutions line of business.

NetDeposit continues to lead the market with a proven track record of providing measurable value to its customers and enabling process efficiencies. At the end of the first quarter of 2007, NetDeposit customers have more than 10,000 remote deposit capture seats deployed and functioning in the market. Additionally, more than 109 million transactions were processed using NetDeposit solutions in the first quarter. This represents a nearly four-fold growth over last year.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13155 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12213 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9537 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9061 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8560 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job