NetDeposit Launches NetCapture Receivables

NetDeposit, a provider of distributed payment solutions, has launched a remote deposit capture client, NetCapture Receivables. As a web-based coupon and cheque capture application, NetCapture Receivables is suited for businesses that receive cheque payments, as well as payment coupons and/or cheque stubs for processing.

With a common capture and reporting platform, NetCapture Receivables provides full-function coupon capture processing, intelligent character recognition, MICR table look-up and cross reference, combined with the added convenience of RDC for depositing the associated check payments. Additionally, this product has the ability to import the data captured from the receivables coupon into accounting software packages, such as QuickBooks, facilitating automatic updating of all associated accounts receivable information. CSV format export files are also supported for use with accounting software packages other than QuickBooks.

“Built upon the same platform as our established NetCapture products, NetCapture Receivables further extends RDC’s promise of convenience, efficiency and speed, coupled with the ability to capture the payment data critical to many businesses for accounts receivable processing,” said Chris Styga, executive vice president and general manager of NetDeposit’s financial services solutions group. “This is an attractive addition to our solution mix. Our current financial institution customers are eager to implement NetCapture Receivables with their business clients and we anticipate this being an essential solution for treasury management groups at many financial institutions.”


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