Busey Bank Selects Fundtech’s Remote Deposit Capture Solution

• Bank adds additional capabilities to address customer demand for RDC solutions and help the bank mitigate risk

New York - Fundtech, now a part of D+H and a market leader in global transaction banking solutions, today announces that Busey Bank, headquartered in Champaign, Illinois, has selected Fundtech as its commercial remote deposit capture (RDC) solution provider. An existing customer of Fundtech’s wire transfer solution, the bank has added Fundtech’s NetDeposit Business and NetDeposit Receivables to address customer demand for remote deposit capture, and to help the bank mitigate risk and better comply with regulatory demands.

Just as important as the ability to truncate a check is the ability to ensure quality check capture, monitor deposit processing, prevent check fraud, mitigate risk in the deposit stream and meet FFIEC guidelines and regulatory requirements. Using Fundtech’s NetDeposit Suite, Busey Bank will provide its corporate customers with a secure, scalable, and manageable remote deposit capture solution that includes the risk management, user and system management, deposit review and reporting tools needed to manage all aspects of deployment, centrally.

“Busey Bank is committed to providing the best experience possible for our customers,” says Jason Freeman EVP Cash Management, Busey Bank. “With Fundtech’s technology and their remote deposit capture, we are able to do just that. We look forward to upgrading our current platform to a solution that’s more user-friendly—providing greater functionality for our customers.”

“Fundtech is excited to continue to expand its relationship with Busey Bank, adding RDC support,” says Danne Buchanan, Executive Vice President, Merchant Services, Fundtech. “In addition enabling the bank to better service its customers, the solution will benefit the bank by providing a superior reporting platform for heightened security, and regulatory compliance.”