SOURCE: RemitPro, Inc.
August 23, 2007 09:30 ET
RemitPro, Vanco Services Join Forces to Help Companies Benefit From Check21 and Remote Deposit Capture
OMAHA, NE--(Marketwire - August 23, 2007) - RemitPro, Inc. and Vanco Services, LLC today
announced an agreement under which mutual customers will use RemitPro's
eRemitPro® software to capture check images and data, which will then be
sent to Vanco for processing and settlement. Once transactions are
processed, Vanco will forward the money via an ACH transaction to the
client's depository bank account. RemitPro will handle sales, marketing and
business relationships for the bundled solution.
"The combined software and services RemitPro and Vanco Services provides
for Remote Deposit Capture and Check21 are unprecedented in the
marketplace," said Jana Waughn, CEO of RemitPro. "Our relationship with
Vanco enables our mutual customers to settle with any bank in the country.
Firms of all sizes can now enjoy the advantages of the RemitPro Remote
Deposit Capture solution regardless of whether their bank has an existing
relationship with RemitPro."
"Our partnership offers a unique combination of innovative software and
electronic payment processing," said Jeanne Spencer Rose, President and
Chief Manager, Vanco Services. "We're excited to merge the expertise of
two leaders in their respective industries to bring Check 21 and Remote
Deposit Capture to more companies across the country."
The RemitPro software enables businesses to save time in making deposits
and cash management. Businesses using RemitPro scan checks in their
accounting operation and make an electronic deposit, rather than going to
the bank to deposit the items, reducing settlement time by a couple of
days. This accelerates access to capital and allows companies to streamline
operations.
RemitPro saves time in cash management and accounting by managing the
deposit, the reconciliation process, workflow, reports and interface with
the company's back-end accounting system. RemitPro's software allows
businesses to post a single payement to multiple accounts and enables
businesses to consolidate their banking relationships thus providing a
mechanism to reduce banking fees. By interfacing with the company's
accounting system, re-keying information is eliminated, and inherent human
error is mitigated. This interface also facilitates data mining and
compliance with business rules.
About RemitPro, Inc.
RemitPro (www.remitpro.com) offers Remote Deposit Capture, Check21 and ACH
solutions to facilitate cash receipt processing.
About Vanco Services
Vanco Services, LLC (www.VancoServices.com) is a financial technology
services company specializing in electronic payment solutions and providing
secure and reliable processing for both recurring and one-time
transactions.