expressDeposit Makes Depositing Checks as Easy as Sending an Email
PORTLAND, Ore., June 1 /PRNewswire/ -- Umpqua Bank, a regional independent community bank in the Pacific Northwest and Northern California, introduces expressDeposit, a powerful new payment solution product that allows business customers to scan, submit and deposit checks electronically from their desktops without having to visit a bank or ATM. expressDeposit uses state-of-the-art technology to convert checks into digital image files, which are transmitted to the bank and electronically deposited into the customer's account. expressDeposit improves banking convenience and efficiency for business customers by eliminating a number of steps in the deposit process, improving customers' internal reporting and providing measures to reduce fraud risk.
(Photo: http://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO ) "Umpqua Bank is always looking for opportunities to support our business customers with services and products that save time and make the challenges of running a business easier," said Ray Davis, Umpqua Bank CEO. "Our new expressDeposit product does just that, providing our business customers with a secure, easy-to-use tool that allows them to deposit checks on their own time, at their convenience." About expressDeposit
expressDeposit provides the following benefits to business customers: -- Saves businesses time and money by eliminating check deposit trips and
courier charges. -- Provides customers with important flexibility by making "after hours"
deposits possible. -- Accelerates cash flow by improving the business deposit process, checks
enter the check clearing process faster and are credited the customer's
account earlier. -- Eliminates geographic restrictions and allows for consolidating
deposits into Umpqua Bank, regardless of where a business is located". -- Streamlines accounting and reconciliation by minimizing manual deposit
preparation requirements. -- Flexible enough to fit any business size from high speed remittance
processing to just a few checks a day.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ) and has 96 locations between Sacramento, Calif. and Bellevue, Wash., along the Oregon and Northern California Coast and in Central Oregon. Recently recognized as the most admired banking services company in Oregon by Oregon executives and by BusinessWeek magazine as one of the "best ideas" of 2005, Umpqua Bank continues to gain attention for its innovative customer experience. Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York, Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. Umpqua Bank's Private Client Services Division provides tailored financial services and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit http://www.umpquabank.com/. http://www.newscom.com/cgi-bin/prnh/20030827/UMPQLOGO http://photoarchive.ap.org/ DATASOURCE: Umpqua Bank CONTACT: media, Lani Hayward of Umpqua Bank, +1-503-727-4132, or ; or Eve Callahan, +1-503-546-7867, or , for Umpqua Bank Web site: http://www.umpquaholdingscorp.com/
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