New Software Lets Banks Extend Mobile Deposits to Customers

Software Earnings, a provider of payments processing software for financial institutions, now offers mobile depositing through a developing partner. This new product, QwikDeposit To Go, lets bank customers deposit checks remotely from any location using their smartphones.

The Nielsen Company estimates that America will have 150 million smartphone users by the middle of 2011. Banks can tap into this potential customer marketplace by offering mobile deposits to smartphone users along with their mobile banking services. This new service encourages retail bank growth by enabling an even easier customer banking experience. QwikDeposit To Go can be customized and rebranded as needed.

With QwikDeposit To Go, bank customers can make single deposits using their camera phone. iPhone, Blackberry, and Windows Mobile devices are all supported at this time. The bank customer can connect to QwikDeposit To Go via their mobile banking app. The customer enters in the amount of the deposit and uses the app to capture front and back check images. The images are adjusted to Check 21 standards, applied RECO, and forwarded to the customer’s bank.

Mitek’s ImageProve system provides the image adjustment, fraud detection, RECO, and balancing for QwikDeposit To Go’s base application. Software Earnings will provide the connectivity interchange between Mitek and the bank’s processing platform.