BankServ’s DepositNow!™ system for Remote Deposit Capture honored with BAI Innovation Moments Award

Las Vegas, NV - 13 November 2007

BankServ, worldwide experts in electronic payments, announced today that the Bank Administration Institute (BAI) has honored its Remote Deposit Capture product, DepositNow!, with the BAI Innovation Moments Award. At this year’s BAI Retail Delivery Conference, held November 13-15 in Las Vegas, DepositNow! will be showcased for its thought leadership in the field of remote deposit capture.

DepositNow! has revolutionized small business finances by linking accounting procedures with remote deposit capture. DepositNow! is the first product in the industry that enables businesses to deposit check payments into any U.S. bank account while automating the accounting related to accepting those payments. DepositNow! runs within popular accounting systems to simultaneously match outstanding invoices to scanned checks and update accounts receivable, saving users time and money and reducing data entry errors.

“BankServ would like to thank BAI for honoring DepositNow! with the Innovation Moments Award,” said David Keenan, Vice President, BankServ. “We worked hard to deliver a remote deposit capture product that allows financial institutions to truly meet the needs of small and medium businesses. BAI’s recognition, in conjunction with the tremendous marketplace success of DepositNow!, is a significant sign that we are achieving our goal.”

DepositNow! has also been recognized as a powerful innovation by the Sleeter Group with their ‘2007 Awesome Add-On Award for QuickBooks’ and with the CPA Technology Advisor Magazine’s 2007 Tax & Accounting Technology Innovation Award.

The BAI Retail Delivery Conference & Expo will showcase BankServ, along with other top solutions providers, to thousands of financial service professionals looking for innovative solutions to support their critical business needs. BAI’s annual conference fosters vital connections and networking between financial services professionals, industry experts and solution providers.

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