Digital Check Introduces CheXpress™ for Small Business Remote Deposit Capture Market

-- Speed, Affordability, & Quality to support financial institutions small business initiatives --
Digital Check announces an innovative new check scanner designed for the small business remote deposit market. The new CheXpress scanner, provides the high quality images required to maximize CAR rates, image clearing, and minimize operating costs, while offering significant energy efficiency and usability enhancements to support small business banking customers.

The CheXpress scanner offers a smaller footprint in comparison to other check scanners in the marketplace with features including dual-sided scanning, dual endorsement capabilities, and dual MICR read technology that maximizes image quality and accurate data capture. CheXpress is a dramatic step forward in support of ‘Green’ initiatives with low power consumption, remote shutdown capabilities, and significant energy efficiency. The device is also extremely quiet for small office and home office environments.

“The CheXpress product encompasses numerous breakthroughs in design, engineering and manufacturing to help accelerate adoption of remote deposit within the small business market. Our goal for this scanner, was to drive continued improvements in image quality while delivering a device that would be easier to operate for the small business customer,” stated John Gainer, Digital Check executive vice president. “The small business market sector represents the next big opportunity for remote deposit capture. We believe Chexpress will give our resellers and their financial institution customers the ability to aggressively expand their penetration within the small business market.

CheXpress units are currently being certified by Digital Check software partners. Customer shipments will begin Q3 2008

Digital Check Introduces Financing Tools to Accelerate Remote Deposit Capture Adoption

-- Flexible financing options allow Digital Check partners to eliminate price as potential inhibitor to adoption --
Digital Check is the first hardware manufacturer to offer a unique financing program to accelerate adoption and eliminate scanner pricing as an obstacle to small business customers.

TThe new program, known as RDC QuickStart™, provides financing options for Digital Check resellers and their bank customers and is available through DCC Finance, a division of Digital Check. The RDC QuickStart program is available across our entire product line, including check scanners, software, service and training, and removes the need for an up-front investment by end-users.

“Adoption of remote deposit solutions represents one of the fastest deployments of technology within the industry’s history,” said John Gainer, executive vice president of Digital Check. “However, up-front costs represent the leading challenge for wide-scale adoption. We believe our RDC Quick Start program will remove this objection and help our partners and financial institutions accelerate the adoption of remote deposit capture.”

RDC QuickStart provides flexible 24, 36 and 48 month financing terms. Customers benefit by gaining protection against equipment obsolescence and 100% financing for total solution costs. At the end of term, customers can choose to continue on a monthly payment plan, buy the scanner at a fair market value, or upgrade their devices and enter into a new agreement.

RDC QuickStart offers resellers several financing options not only for the end-user, but also the financial institution or for reseller inventory management as well. With the end-user program, Digital Check resellers can provide remote deposit capture customers a low, monthly fixed price. Both the Digital Check reseller and their financial institution customers benefit by receiving up-front payment for the scanner or the entire solution while Digital Check administers all monthly invoicing and collection processes. The reseller inventory management option, enables resellers to implement and manage their own monthly financing program directly to financial institutions and their customers while financing their scanners from DCC Finance on a monthly fee basis instead of with payment-in-full terms.