COURTESY CENTRAL PACIFIC BANK
Central Pacific said it is the first bank in the state to offer the deposit scanning service, called Remote Deposit Central.
Central Pacific Bank introduces remote deposit for businesses
Business customers can scan checks for transmission online
Central Pacific Bank's business customers may no longer have to make that trek to the nearest branch to drop off the nighttime deposit.
The Honolulu-based bank said yesterday it has introduced Remote Deposit Central, a new service that will allow qualified businesses to deposit checks from a remote location, such as an office or home. Central Pacific said it is the first Hawaii financial institution to offer the service in the marketplace.
Businesses use a specialized, high-speed scanner to convert paper checks into images with a scan rate of up to 50 checks per minute. The check images are then securely and instantly delivered via the Internet to Central Pacific for processing and posting.
Deposits can be made any time from any location using a Windows 2000 or XP-enabled computer, a check scanner provided by Central Pacific and high-speed Internet access.
"This is an ideal product for professional service companies -- such as wholesalers, accountants, physicians, property managers and attorneys -- whose customer transactions are 'check intensive' rather than cash driven," said Blenn Fujimoto, Central Pacific's vice chairman -- Hawaii market.
Central Pacific said that besides reducing trips to the bank and avoiding the rush before a branch closes, businesses no longer need to fill out deposit forms and endorse the back of each check. In addition, detailed reports are available, including a list of remote deposits and a printout of check images. Those reports can be retained with actual checks for safekeeping and future destruction.
There is a one-time setup fee, and service fees vary depending on the number of accounts and checks processed. More information can be obtained at 544-0500.