SALT LAKE CITY and PORTLAND, Ore., June 22, 2010 (GLOBE NEWSWIRE) -- NetDeposit (www.netdeposit.com), a leading provider of remote deposit capture and payment processing services, and CU Business Group (CUBG, www.cubg.org), a leading business services provider for more than 300 credit unions, announced that they have entered into a partnership agreement to bring remote deposit capture (RDC) and payment solutions products and services to the credit union market. Effective immediately, CUBG will offer NetDeposit's NDpro Processing Services to its credit union clients and will host a June 29th webinar to introduce the suite of products.
CUBG is the premier provider of business services to the credit union market. With NetDeposit's NDpro Processing Services, credit unions will have the ability to offer end-to-end processing technology for payments, including front-end capture applications for commercial RDC, as well as powerful electronic payment processing applications for ACH and card transactions. The service also includes complete clearing and settlement for all transactions with no host system interface required. This turnkey package also includes full implementation services from NetDeposit and CUBG, plus ongoing technical support for the credit union and its business members.
"CUBG is committed to providing credit unions with the best tools and technologies available in the financial services market," said Larry Middleman, president and CEO of CUBG. "Our alliance with NetDeposit does just that. Credit unions now have access to a superior suite of products to better serve business members and profitably grow their business services programs."
"This is a very strategic partnership for both NetDeposit and CUBG," said Mary Hockridge, EVP, Sales and Marketing for NetDeposit. "By coming together, NetDeposit has entered the credit union market in a significant way, with a partner who knows the space and what it takes to win. CUBG is able to offer a superior package of RDC and electronic payment solutions to their customers, fulfilling their promise of offering their customers top tier solutions for their electronic payment and check capture needs."
As the go-to source for business solutions, CUBG helps its credit union clients to take advantage of advanced payment technologies quickly and cost effectively. In addition to the credit union market, NetDeposit solutions are currently in use by a number of large cash-management banks, leading regional banks and community financial institutions in the United States. NetDeposit delivers value to banks, credit unions, processors, and their customers by providing proven payment technologies. NetDeposit's products and service solutions are tailored to the unique needs of each financial institution it serves.
In an effort to help credit unions better understand all that this alliance offers, CUBG and NetDeposit will host a free webinar on Tuesday, June 29th at 10 am Pacific Daylight Time. Both Larry Middleman of CUBG and Mary Hockridge will participate in the webinar to further expound the benefits these products and services provide to credit unions. To register for the webinar click here, or email education@cubg.org.
About CU Business Group
CU Business Group, LLC, provides a wide array of business lending, deposit and consulting services to credit unions nationwide. CU Business Group provides products and technical expertise to credit unions with advanced business programs, and all the basics for those just starting out. Based in Portland, Oregon, with offices in the West, Southwest and Eastern U.S., CU Business Group has a staff of 26 professionals and is the largest business services CUSO in the industry, serving 335 credit unions in 39 states.
For information call (866) 484-2876, email info@cubg.org or visit www.cubg.org.
About NetDeposit
NetDeposit leads the revolution in payment technologies, which support paper to image processing, distributed capture, and electronic clearing. 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.
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NetDeposit and NDpro Processing Services are registered trademarks of NetDeposit, LLC. All other trademarks and/or registered trademarks are property of their respective owners.