Remote-Capture Software for Regions

Steve Bills
February 23, 2006
American Banker

Following are excerpts from the February 23, 2006 edition of American Banker.

Carreker Corp. of Dallas, a vendor of check-image software, announced Tuesday that Regions had licensed two of its remote-capture applications. They are Web Capture, an Internet service for businesses that would typically capture hundreds of items a day; and Corporate Capture, which companies would install at their own lockbox operations to process up to 10,000 items a day.

Sandy W. Wright, a senior vice president at Regions and its director of treasury management services, said it plans to begin offering the technology to corporate customers "very, very soon," but she would not say just when.

Regions is building its back-office infrastructure now to clear checks by image, she said, but it may introduce remote capture even if it has to print image-replacement documents so it can clear them as paper. "Hopefully by the end of the year we won't be investing a lot in IRDs," Ms. Wright said. "We want to get this to market."