Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE WAUSAU Financial Systems
In the news release, Susquehanna Bank Implements Mobile Remote Deposit Capture from WAUSAU Financial Systems, issued 20-Mar-2013 by WAUSAU Financial Systems over PR Newswire, we are advised by the company that the last paragraph should display the site URL rather than "Register here" as originally issued inadvertently. The complete, corrected release follows:
Susquehanna Bank Implements Mobile Remote Deposit Capture from WAUSAU Financial Systems
$18 Billion Financial Institution to Leverage Risk Assessment with RDC Solutions
MOSINEE, Wis., March 20, 2013 /PRNewswire/ -- Susquehanna Bank, serving the Mid-Atlantic region, has implemented WAUSAU Financial Systems' mobileremote deposit capture (RDC) solution from its Deposit 24/7 Suite™. The new application allows consumer and business customers to remotely deposit paper checks using an iPhone®, iPad®, Android™ or BlackBerry®.
The mobile deposit app has received a strong reception from customers during the first month of its launch. Susquehanna has also chosen WAUSAU's Merchant RDC offering as a replacement to its existing solution, and will transfer its merchant RDC customers this year.
According to a recent Javelin study, one in four consumers has deposited a check using mobile RDC in the past 90 days, proving the demand for mobile RDC. In 2012, Susquehanna incorporated mobile RDC into its mobile product roadmap as a foundational component to enable its mobile banking future. Partnering with WAUSAU Financial Systems will enhance its technology capabilities, while improving customer service.
"Susquehanna's regional structure allows us to operate and interact with our customers more as a community bank," said Melissa Hoffman, senior vice president and director, Product Support and Service Delivery, Susquehanna Bank. "When developing the mobile deposit solution, we held various focus groups with our customers to ensure our solution fit their lifestyles. Partnering with WAUSAU provides our customers a solution that meets their needs while being extremely user-friendly. "
Acknowledging the need for security, the bank chose WAUSAU Financial Systems for its risk assessment capabilities, including day-zero risk analysis built within its software. Risk assessment and management functionality also are among the key features of its new merchant RDC solution, which the bank can deploy remotely.
"Susquehanna's customer-first approach and thoroughness in perfecting the solution before deployment is commendable. We are excited to deliver them the most holistic and efficient way to package risk monitoring across RDC to protect both customers and themselves from legal and compliance risks," said Kathy Strasser, executive vice president of solution management for WAUSAU Financial Systems. "Further, the ability to remotely deploy the solution reduces the headaches often associated with transitioning hundreds of merchant customers to a new platform."
In addition to mobile banking and mobile deposit, the bank plans to roll out other functionality including mobile bill pay, person-to-person payments and actionable alerts, including low-funds alerts.
About WAUSAU Financial Systems WAUSAU Financial Systems is a premier provider of payment and receivables processing solutions, helping businesses of all types move money faster. With its products, services and consulting, WAUSAU works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. WAUSAU holds the No. 1 market share position in retail and wholesale remittance processing solutions. WAUSAU processes more than $1 trillion in payments each year through its work with more than 650 organizations, and maintains more than 30 percent of all U.S. lockbox volume. The company works with 13 of the 25 largest financial institutions, 42 percent of insurance companies with more than 5 million customers and 24 percent of utilities with more than 100,000 customers. More than 200 financial institutions use WAUSAU's remote deposit capture service, and industry consultants Celent and Aite have ranked WAUSAU's remote capture functionality above all competitors.
About Susquehanna Bank Susquehanna Bank provides banking and financial services at 261 branch locations in the mid-Atlantic region. It is a subsidiary of Susquehanna Bancshares, Inc., a financial services holding company with assets of more than $18 billion and 3,400 employees. Through Susquehanna Wealth Management, the holding company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services, with approximately $7.6 billion in assets under management and administration. Susquehanna also operates an insurance brokerage and employee benefits company, a commercial finance company and a vehicle leasing company. For more information, please visit www.susquehanna.net.
A Nebraska senator will spend two days on house arrest after pleading guilty to a DUI. A Douglas County judge sentenced State Senator Scott Lautenbaugh Monday. Along with house arrest, he will spendMore >>
A Nebraska senator will spend two days on house arrest after pleading guilty to a DUI.More >>
Wednesday, June 19 2013 9:16 AM EDT2013-06-19 13:16:47 GMT
Posted by: KLKN Newsroom, firstname.lastname@example.org A scary situation this morning for a few central Lincoln residents when police say they're held against their will. Police say a group of people forced their wayMore >>
A scary situation Wednesday morning for a few central Lincoln residents when police say they were held against their will.More >>
Posted By: KLKN Newsroom email@example.com A woman is recovering after being hit by a car while riding her moped. The woman has non-life threatening injuries and is expected to recover. The car that hitMore >>
A woman is recovering after being hit by a car while riding her moped.More >>
By: Bill Schammert firstname.lastname@example.org People in the North Bottoms neighborhood recently found out they could have elevated levels of lead in their yard. But, at a meeting Tuesday night, they wereMore >>
People in the North Bottoms neighborhood recently found out they could have elevated levels of lead in their yard. But, at a meeting Tuesday night, they were more worried about the city coming for their homes.More >>
By: Lauren Fabrizi email@example.com A Nike-sponsored athlete has made his way to Lincoln. Jason Lester is going on a 3,100-mile run from San Francisco to New York City all in support of a Hurricane SandyMore >>
A Nike-sponsored athlete has made his way to Lincoln. Jason Lester is going on a 3,100-mile run from San Francisco to New York City all in support of a Hurricane Sandy relief initiative.More >>
By: Bob Rook firstname.lastname@example.org When NET Radio listeners turn on their radio this week, a familiar voice will be missing. long time radio announcer and host William Stibor died unexpectedly Monday at thisMore >>
When NET Radio listeners turn on their radio this week, a familiar voice will be missing. long time radio announcer and host William Stibor died unexpectedly Monday at this home in Lincoln. His death has left a void for many on the air and off. More >>
Posted By: KLKN Newsroom email@example.com A late night scare for a convenience store clerk when she's robbed at knifepoint. The clerk was standing next to the front door when the suspect walked in wieldingMore >>
A late night scare for a convenience store clerk when she's robbed at knife point.More >>
Posted By: KLKN Newsroom firstname.lastname@example.org An alert neighbor has landed two burglary suspects in jail. Lincoln police say Christopher Schafer and Charles Hellbusch broke into Kendles Auto Salvage near 1stMore >>
An alert neighbor has landed two burglary suspects in jail.More >>