Community Banking Systems has developed a remote check-image capture service aimed at consumers.
Sean Pennock, the Dallas company’s president, said the first bank customer for ePosit is expected to begin offering the service by early July.
The primary market will probably be small-business owners who use retail checking accounts, Mr. Pennock said in an interview last week. The service was announced Monday. These customers may have only three to five checks a week to deposit, but they are busy during the day when the banks are open.
“Those really didn’t fall into the merchant capture realm,” Mr. Pennock said. “They don’t have the money to purchase a $750 scanner.”
The service could also be useful for “snowbirds,” retirees who travel to warmer climates for the winter but want to use their hometown banks, he said.
The ePosit system employs the same fraud protection as the company’s existing merchant capture service, which it launched in 2004, and would be subject to the same user agreement.
