Busey Bank Selects Fundtech’s Remote Deposit Capture Solution
Bank adds additional capabilities to address customer demand for RDC solutions and help the bank mitigate risk
New York – June 23, 2015 - Fundtech, now a part of D+H and a market leader in global transaction banking solutions, today announces that Busey Bank, headquartered in Champaign, Illinois, has selected Fundtech as its commercial remote deposit capture (RDC) solution provider. An existing customer of Fundtech’s wire transfer solution, the bank has added Fundtech’s NetDeposit Business and NetDeposit Receivables to address customer demand for remote deposit capture, and to help the bank mitigate risk and better comply with regulatory demands.
Just as important as the ability to truncate a check is the ability to ensure quality check capture, monitor deposit processing, prevent check fraud, mitigate risk in the deposit stream and meet FFIEC guidelines and regulatory requirements. Using Fundtech’s NetDeposit Suite, Busey Bank will provide its corporate customers with a secure, scalable, and manageable remote deposit capture solution that includes the risk management, user and system management, deposit review and reporting tools needed to manage all aspects of deployment, centrally.
“Busey Bank is committed to providing the best experience possible for our customers,” says Jason Freeman EVP Cash Management, Busey Bank. “With Fundtech’s technology and their remote deposit capture, we are able to do just that. We look forward to upgrading our current platform to a solution that’s more user-friendly—providing greater functionality for our customers.”
“Fundtech is excited to continue to expand its relationship with Busey Bank, adding RDC support,” says Danne Buchanan, Executive Vice President, Merchant Services, Fundtech. “In addition enabling the bank to better service its customers, the solution will benefit the bank by providing a superior reporting platform for heightened security, and regulatory compliance.”
Fundtech is a leading provider of financial technology to banks and corporations of all sizes in the Americas, EMEA, and Asia-Pacific. Founded in 1993, the company develops transaction banking solutions that it offers as either a software license or Software as a Service (SaaS). Major product lines are: payments and liquidity management; cash management, financial messaging through the world’s largest SWIFT service bureau, financial supply chain including: electronic invoice presentment and trade services; remote deposit capture; merchant services such as credit card gateways; and mobile banking. Thousands of financial institutions and companies around the world rely on Fundtech to improve operational efficiency, increase revenues, and to provide greater competitiveness through business-to-business services. In April 2015, Fundtech was acquired by D+H.
D+H (TSX: DH) is a leading financial technology provider the world’s financial institutions rely on every day to help them grow and succeed. Our lending, payments, enterprise and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues of more than $1 billion, D+H is recognized as one of the world’s top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker’s FinTech Forward ranking. For more information, visit dh.com.
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