The treasury management and imaging software provider RemitPro Inc. has agreed to forward check images to the payments vendor Vanco Services LLC for settlement.
RemitPro, of Omaha, is expected to announce the deal today. Customers of both companies would be able to use RemitPro's eRemotePro remote capture software to transmit check images to Vanco, of Minnetonka, Minn. The latter is to forward payments to clients' banks through the automated clearing house network.
The deal is different from the typical remote capture arrangement under which businesses send check images to a bank, which then provides settlement through its standard check processing system rather than the ACH network.
RemitPro's chief executive, Jana Waughn, said in a press release that the partnership "enables our mutual customers to settle with any bank in the country. Firms of all sizes can now enjoy the advantages of the RemitPro Remote Deposit Capture solution regardless of whether their bank has an existing relationship with RemitPro."
