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Table of Contents

Lead Story

The ACH, staking new channel claims

News

Industry Update

Tepid summer for many Gulf Coast merchants

Can the IRS legally attach levies to ISO reserve accounts?

Trade Association News

Features

GS Advisory Board:
Merchant retention, taking the initiative - Part 2

Selling Prepaid

Prepaid in brief

Dynamics of the youth card market

Gift cards: Value multiplier for merchants

Thom Aldredge
World Gift Card

Views

Securing a place for electronic payments

Patti Murphy
The Takoma Group

The allure of end-to-end encryption

Scott Henry
VeriFone Inc.

Uncle Sam might want to pin worker misclassification on you

Sarah Weston
Jaffe, Raitt, Heuer & Weiss PC

Education

Street SmartsSM:
Who will benefit when the Durbin Amendment dust settles?

Ken Musante
Eureka Payments LLC

The importance of PCI DSS compliance

Nicholas Cucci
Network Merchants Inc.

Is there any such thing as loyalty?

Nancy Drexler
SignaPay Ltd.

Need intelligence? Tap the feet on the street

Dale S. Laszig
Castles Technology Co. Ltd.

Succeeding at PCI compliance - Part 3: Implementing the rollout

Dawn M. Martinez
First Data Corp.

Global acquiring and fraud Q&A

Caroline Hometh
Payvision

Company Profile

Netcom PaySystem

New Products

RDC on the fly

QwikDeposit To Go
Bluepoint Solutions

Multipayment and multimedia at the POS

iSC350
Ingenico

Inspiration

Nothing fancy needed

Departments

10 Years ago in
The Green Sheet

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

July 26, 2010  •  Issue 10:07:02

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New Products

RDC on the fly

Product: QwikDeposit To Go

Remote deposit capture (RDC) has proven a strong remedy for the hassles that sometimes accompany the back-end process behind check acceptance. A product from Bluepoint Solutions is designed to also bring some convenience to the front-end.

QwikDeposit To Go is an RDC solution for mobile phones. Wherever they may be, merchants using QwikDeposit can accept a check payment and send it off to the bank for processing on the spot.

The solution is slated to be available with the iPhone, Blackberry and Android, and is scheduled for roll out within the next couple months, according to Andrew Tilbury, Director of Marketing and Communications for Bluepoint.

"Let's say you're an independent contractor travelling on business ... you might not have the time or flexibility to make it to a branch or ATM of your financial institution to make a deposit," Tilbury said. "You get a bunch of checks in and don't want to wait for the snail mail to go through; you can just use your [smart phone]."

Users of QwikDeposit download the program onto camera-equipped smart phones. Users then register the software with their banks, after which they can access one or more accounts using a username and password - without having to re-enter their bank account information.

For check acceptance, the merchant logs into the program, snaps photographs of the front and back of a check, punches in the dollar amount and clicks a button to send it off for processing. A message of confirmation or rejection appears within seconds of finalizing the payment.

Image sharpener

Tilbury said the software contains an image enhancement piece that smoothes out the picture of a check, both sharpening the image and eliminating blemishes like ink blotches or wrinkles.

"The deposit process is you check in, it pulls the account information and displays it on your phone," Tilbury said. "So if you have multiple accounts you can determine which account you want to deposit in.

"You enter the check amount, then photograph the front and back, and then the software does all the image quality verification and perfection, so exposure, coloring, wrinkles, ripped edges - all that cropping happens before you begin item processing.

"The device guarantees a high level of quality to the image, and you have to start with a good image to detect fraud," Tilbury added.

There are two payment options for QwikDeposit. Users who want a proprietary solution can buy the license to run the program in-house; otherwise, clients can pay a monthly fee to essentially lease the software, which is then operated from BluePoint's server. The second option is primarily targeted to small to mid-sized businesses that wish to pay a lower upfront cost, Tilbury said.

Integrated and stand-alone options

There are also two versions of the software itself. One is a stand-alone check acceptance program; the other integrates with a business's mobile banking channel, allowing the user to move seamlessly between accepting checks and transferring money or viewing payment acceptance history, according to Tilbury.

He added that integration can be particularly useful in the mobile market, where online banking isn't always accessible through an Internet browser.

"The integrated version works the same way as [the stand-alone software], but in the same area where you accept check payments you can transfer funds, make payments, check balances and make deposits.

"The point at which it's attractive to have an integrated solution is you don't need an additional application for online banking. You can add this functionality to the existing application and see your deposits right there."

Bluepoint Solutions
760-410-9000
www.bluepointsolutions.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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