NetDeposit Awarded Two Patents for Electronic Check Processes

NetDeposit has a number of additional patent applications under review by the USPTO to further protect the full scope of remote capture and electronic presentment of images and electronic deposits.

"Years before Check 21, NetDeposit developed the idea of remote deposit capture, its processes, its possibilities, and its potential for financial institutions and their customers. Since that time we have continued to pursue our vision, document our success and create this new market," said Danne Buchanan, CEO of NetDeposit. "Approval of these patents validates our customers' decision to make this intellectual property a central element of their operations. Our commitment is to continue to provide vision and leadership for our customers and the industry as a whole."

The first patent, No. 7,181,430, covers a method of deposit processing at a central site for checks deposited at a remote site with accompanying deposit information. The second patent, No. 7,216,106, covers processing deposits at a central location that are received from remote sites and includes individual customer attributes. More information on the two patents may be obtained by visiting the Web site of the United States Patent and Trademark Office at http://www.uspto.gov and searching on the patent numbers.

With customers that have processed more than 500 million checks using its solutions, NetDeposit continues to lead the remote deposit capture market and has a proven track record of providing measurable value to its customers and enabling efficient check processing. NetDeposit is pleased to count as its customers a number of the world's largest cash management banks and an ever increasing list of successful regional banking organizations in the US.