Banks and other organizations will be able to provide merchants with check scanners starting at $15 a month under the new program of Jack Henry & Associates, Inc., provider of integrated technology solutions and data processing services for financial institutions. Jack Henry & Associates launched a new project to enable banks and credit unions to capitalize on remote deposit capture (RDC) opportunities independent of the initial capital investments historically required to purchase check scanners and the ongoing hardware management and support.

Remote Deposit Capture solution offered by Jack Henry & Associates can be adopted by almost any commercial entity that accepts checks as a form of payment with a Web-based electronic payment processing system that converts paper-based checks into electronic transactions and processes them through the ACH or Check 21 image exchange networks. The solution has such features as automation of returned check re-presentment, real-time r and proactive risk management.

Bank clients supported by Jack Henry Banking division, credit union clients supported by Symitar division and financial institutions outside its core client bases supported by ProfitStars will be supplied with this Remote Deposit Capture solution. Supporting a variety of scanner makes and models compatible with diverse check volumes Jack Henry & Associates' leasing program will allow scanners to be directly shipped to merchants on behalf of participating financial institutions.