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J.P. Morgan Treasury Services launches its mobile application Image Deposit Direct® Mobile enabling

The Image Deposit Direct® Mobile (IDD Mobile) service enables U.S.-based companies to make check deposits using any Apple iPhone® device, eliminating the need to visit a bank branch. It is an extension of the traditional end-to-end check processing solution Image Deposit Direct, an Internet-based remote capture solution for depositing paper check payments. IDD Mobile allows checks to be deposited in real time, at the point of receipt, while an employee is in the field. The App will particularly appeal to clients with sales forces that collect checks from merchants, replacing the need for employees to make an additional trip to a banking centre to make a physical deposit or to a centralized office location for checks to be scanned for deposit.

Pilot clients began using IDD Mobile in December 2011. Among them is Ben E. Keith Company, the third largest beer distributor in the U.S. and operator of a fleet of more than 330 delivery trucks servicing retailers. The company's drivers are responsible for the safe and timely deposit of check payments from customers. "IDD Mobile has been a great tool for us, delivering the real-time check processing capabilities we were looking for," said Marilyn Jones, Director of Process Improvement at Ben E. Keith Company. "IDD Mobile provides deposit flexibility for check imaging and has sped up payments processing, providing improved efficiency for our drivers in the field."

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This item appears in the following sections:
Payments - Receipts
Lockbox Bill Collection
Cheque Payments at POS