BankServ Gets PASS

“A new payments consortium called PASS (Payments As a Secure Service) announced its formation at the Microsoft Developers Conference. The consortium, which is led by IP Commerce, intends to exploit new features in Windows Vista, including the operating system's enhanced security and discovery features.”

BankServ is excited to be part of the consortium. See http://www.paymentsnews.com/2006/07/pass_consortium.html.

BankServ saves 3 million businesses a trip to the gas station

Still depositing checks at the bank? Find another reason to get out of the office. BankServ enables you to send deposits to the bank (any bank) directly from the desktop. See more about DepositNow! at BankServ.com. Starting in late Summer of 2006, DepositNow will also include an option to interface with the QuickBooks® accounting system and will automatically update your accounts receivable every time you make a deposit. Here's an excerpt from a recent article:

"DepositNow! is an inexpensive, easy-to-use program that utilizes Optical Character Recognition OCR/MICR scanning technology to capture digital images of checks and use them for an electronic deposit, a practice permitted since 2004 by the Check Clearing for the 21st Century (Check 21) Act."

See the full article at finextra.com.

Local and international

Did you know BankServ is the only company acting as both an international (SWIFT) service bureau and Fedwire service?

Global Funds Exchange Network (GFXN) offers a way to use BankServ’s comprehensive GFX wire payments system with minimal up-front investment. As a service bureau solution, the GFX program is hosted in BankServ’s data centers, giving banks access to all the automation and features that come with GFX, but without the expenses that come with operating a software system in-house.

Visit BankServ.com for more information.