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. This system's intuitive design eliminates the need for user training and enables self-service enrollment.

According to David Foss, general manager of ProfitStars, "Micro business capture is a logical addition to our enterprise payments platform and a natural complement to our high-volume Remote Deposit Capture solution that supports virtually any commercial entity accepting checks as a form of payment. As remote deposit capture continues to evolve into a product that financial institutions need to compete and meet the expectations of today's convenience-driven customers, we are excited about the interest we expect this new solution will generate. We are also excited about the benefits our Remote Deposit Capture and micro business capture solutions can generate for our diverse clients."

John Edgar, vice president of Cash Management Services at Florida-based Riverside Bank, said, "Micro business capture can extend our bank's geographical coverage beyond our branch network, attract new deposits, and provide another competitive differentiator in the markets we serve. This cost-effective, easy-to-implement, easy-to-use service will also enhance customer convenience and self-sufficiency, and support our customer retention strategy with another valued service that inherently creates an exit barrier. We also have identified a new fee income opportunity with small business deposits and opportunities to improve our operating efficiencies."

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.