BOSTON, Nov. 3 /PRNewswire/ -- NetDeposit, a leading provider of distributed check capture solutions, announced today that its NetCapture Branch product is now available in an application service provider (ASP) environment. The NetCapture Branch ASP solution allows small and medium volume financial institutions to avoid the costs associated with technology and processing infrastructure investments typically required to roll out distributed branch capture by providing a turn-key, outsourced, end-to-end solution for branch image capture. Available to NetDeposit's new and existing financial institution customers, the NetCapture Branch ASP service offers financial institutions the opportunity to gain the benefits of branch capture - later deposit deadlines for customers, lower courier fees and lower operational costs - with a low up front investment.

"Small to medium-sized financial institutions require a cost-effective branch capture solution. NetCapture Branch offers a proven, feature-rich solution in an ASP environment, opening the door to branch distributed capture for these organizations," said Chris Styga, EVP and general manager of NetDeposit's Financial Services Solution Group. "NetCapture Branch ASP is an affordable, low cost branch capture alternative available to organizations that may not have the budget or resources to implement this technology in-house. The end game is to eliminate the burden of traditional Day One proof, item repair and balancing within their operation, enabling the financial institution to focus exclusively on its customers and customer service.

The NetCapture Branch ASP offers financial institutions the option to outsource the back office functions associated with Proof of Deposit (POD) including keying, balancing, adjustments and reject repair. In this manner the NetCapture Branch ASP solution can cater to those financial institutions that want to outsource their back office processing of POD work entirely, as well as those that wish to process their own work, without the cost associated with supporting the technology in-house.

NetCapture Branch provides flexible workflow options to suit the specific operating needs of the financial services industry. Deployed in an ASP environment, NetCapture Branch allows financial institutions to immediately achieve the competitive advantage of distributed capture, while reducing the risks and infrastructure costs associated with deploying an in-house system.

About NetDeposit

NetDeposit leads the revolution in payment technologies which support paper to image processing, distributed capture, and electronic clearing. NetDeposit's Financial Services Solutions Group delivers value to banks, credit unions, processors, and their customers by providing proven payment technologies. With multiple patents and billions of checks processed, NetDeposit's products and services include remote deposit capture, branch capture, image cash letter processing, and check clearing.

NetDeposit, LLC, is a subsidiary of Zions Bancorporation (Nasdaq: ZION). For information call (801) 716-4800, email pressrelations@netdeposit.com or visit www.netdeposit.com.

NetDeposit and NetCapture are registered trademarks of NetDeposit, LLC. All other trademarks and/or registered trademarks are property of their respective owners.

SOURCE NetDeposit