WICHITA, Kan., Oct. 31 /PRNewswire/ -- LendingTools.com, a leading application service provider (ASP) for correspondent bank processors and community financial institutions, announced today that DCI, a provider of full-service bank technology and processing solutions to the financial industry, has licensed the rights to resell LendingTools.com's ExtraNet CL service, a remote image capture and deposit service. DCI plans to use ExtraNet CL to provide integrated remote deposit services its customer base of community financial institutions.
"Everyone with a garage has introduced check image and remote deposit products. What sets LendingTools.com's Internet accessed ExtraNet CL service apart is it can be privately branded, the cost of use is extremely competitive, and it brings a strong set of centralized services such as reporting, research and archive to institutions without a need to invest in in-house infrastructure" said Eric Goering, president of LendingTools.com. "With the ExtraNet CL service, DCI will be able to place the same technology utilized by top 50 banks in the hands of community institutions at a competitive cost."
"DCI strives to deliver superior technology solutions and services that improve the profitability and competitive position of our customers," commented John Jones, president and CEO of DCI. "Check image capture and remote deposit bring significant and immediate cost reductions and faster funds availability to our customer institutions and their business customers."
Established in 1963, DCI is headquartered in Kansas, and provides innovative processing and technology products and services to hundreds of banks nationwide. DCI is a privately held company owned by many customer banks, with several customers serving on the Board of Directors. With over 43 years of profitable innovation, a complete selection of leading products and services, unique ownership, distinct customer focus and a near 100% contract renewal rate, DCI is unique in the core bank technology industry.
ExtraNet CL, which will be available to all DCI financial institution customers, is a solution for providing check image capture and remote deposit services to each of those institution's customers. The solution aggregates the image deposit activity of each customer and provides a managed direct interface to DCI's processing systems.
Each DCI community financial institution customer can provide scanning devices to their merchant accounts through LendingTools.com's centralized fulfillment center. Electronic deposits of daily receipts, cash concentration, and operational efficiencies are a few of the advantages that can be gained by merchants. "The virtual 'plug and play' model is consistent with our commitment to deliver technology that not only lowers cost, but delivers on the promise of product quality and return on customer investment," commented Jones.
About LendingTools.com
About DCI
LendingTools.com, Inc.
