SAN FRANCISCO - (07/07/06) BankServ unveiled the latest inCheck 21 technology Thursday, a solution to allow users to depositchecks electronically from their offices and automatically updatetheir accounting records at the same time. The companysDepositNow A/R for QuickBooks allows consumers to interface withtheir credit union or bank accounts using Intuits QuickBookssoftware. Previous versions of DepositNow already allow users tofeed paper checks into a scanner and deposit them from an ordinarydesktop or laptop PC, 24 hours a day, seven days a week. The newQuickBooks interface also automatically matches payments toinvoices and keeps users books balanced. BankServ plans tointroduce additional versions of DepositNow later this year thatwill interface with Microsoft Money and Peachtree. BankServ hastest-piloted the new software with three major banks and plans toroll it out to the public in September.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3