NORTHFIELD, Ill. and HAWTHORNE, N.Y., Dec. 10, 2008Digital Check, a provider of desktop check scanners and remote deposit capture technology to the financial industry, has signed a reseller agreement with EFT Network, Inc., a provider of innovative ACH and check processing solutions to financial institutions nationwide. The agreement enables EFT Network to be an authorized reseller of Digital Check’s technology and to utilize the company’s check scanners in conjunction with its feature-rich Web based remote deposit capture solution.

EFTN’s remote deposit system, when combined with Digital Check’s new CX30 scanner, enables more efficient and accurate processing of check deposits, especially for smaller merchants. EFTN distributes a corporate remote deposit solution through a variety of financial institutions across the United States.  Currently more than 200 financial institutions, ranging in asset size from $500 million to $5.82 billion use their remote deposit capture service.

 
“EFTN is committed to providing our remote deposit capture service to businesses of every size and type, allowing them to improve workflow and efficiency while lowering overall costs,” said Alex Bacon, vice president of sales and marketing for EFT Network. “We believe that the CX30 scanner, with its very reasonable price-point and ‘big-scanner’ features, allows EFTN to appeal to a much wider “small business” market, which has been left largely untapped or worse, ignored, in the deployment of Remote Deposit services. We expect that many more retail and like-minded smaller sized merchants will adopt our Remote Deposit program using this scanner platform.”

The EFTN solution streamlines the process of check deposits and back office functions providing small to corporate sized businesses the tools to better manage their cash flow and financial processes. The inclusion of Digital Check’s CheXpress CX30 unit will allow banks to more effectively and cost efficiently deploy EFTN’s remote deposit service, recognizing that the cost issue of the scanner is frequently an obstacle, especially for smaller sized businesses and merchants.

“EFTN has taken advantage of the quality, reliability, and price of our CheXpress scanner and the advanced functionality of our application programming interface (API) to develop a superior RDC application.  Our partnership also speaks to the quality of EFTN’s software programming and support resources,” said John Gainer, executive vice president of Digital Check.  

About EFT Network
EFT Network, Inc., a privately held company since 1998, provides exceptional check processing systems and ACH services across the United States. The Hawthorne, NY based company developed a Hybrid Web based Remote Deposit Capture system and offers FedDirect RDC and a variety of ACH services to financial institutions. EFT Network’s feature-rich remote deposit system enables financial institutions to offer a comprehensive remote deposit program to their business banking customers. Businesses of every size and type can collect, process and deposit electronic and paper based transactions faster and more efficiently. For more information call 800-492-2794 or visit the company’s Website at www.eftnetwork.com.