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Legacy Bank licenses LendingTools.com remote deposit capture technology

15 January 2008  |  2606 views  |  0 Source: LendingTools.com

LendingTools.com, a leading application service provider (ASP) for correspondent institutions serving community banks, announced today that Legacy Bank, based in Wichita, Kansas, has licensed LendingTools.com's ExtraNet RDC service to provide comprehensive remote deposit capture services to their customers.

Legacy Bank, a recognized strong community bank, has served the financial needs of the greater Sedgwick County, Kansas, area communities for over 120 years.

"Legacy Bank keeps a watchful eye out for proven, strong financial service offerings that can benefit its customers," said Elizabeth Wager, Vice President of Operations for Legacy Bank. "We have examined the available options and as our customers began to demonstrate interest in remote deposit services, we selected LendingTools.com. They have an excellent product and strong roots in community bank servicing."

ExtraNet RDC will be marketed by Legacy Bank under the name Remote Deposit Capture. Companies using Remote Deposit Capture often site convenience and personnel security as major benefits in using the new technology. Familiarity time to be proficient with Remote Deposit Capture is typically measured in minutes rather than the hours or days for some data processing systems. Legacy Bank customers may order check scanners through a fulfillment web site that is also supplied by LendingTools.com under the agreement.

"America's banking underpinnings are the thousands of community financial institutions across the country," said Eric Goering, President and CEO of LendingTools.com. "They are the bedrock of support for small and medium businesses of all types. LendingTools.com is dedicated to supporting payments systems for community banks and establishing private correspondent banking environments with their service providers."

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