BLM Technologies and LendingTools.com Join Forces to Facilitate Community Banks' Move to Remote Deposit Capture.MINNEAPOLIS -- BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines Technologies, Inc., a single source provider of technology consulting and branch automation solutions and services for the retail banking industry, and Wichita, Kan.-based LendingTools.com, a leading application service provider (ASP) for correspondent banks Correspondent bank Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in different cities. and community financial institutions, announced that they have joined together to provide community financial institutions seeking to enter or expand their presence in the remote deposit capture market with technology which will facilitate the process. LendingTools.com is the primary provider of electronic banking services to banker's banks, correspondent bank processors and corporate credit unions. LendingTools.com's products and services are currently in use at more than 20 percent of the banks in the U.S. "We are trying to reach a large number of community institutions at a low cost," said Eric Goering, president of LendingTools.com. "We had to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. our offering so the number of options in the package was limited, while still meeting the needs of our customers. Once we had that standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. package, we had to have a low overhead mechanism for easily fulfilling orders and handling issues as they occurred." In response, BLM put together an automated fulfillment system to handle LendingTools.com's needs for Check 21. "They found the hardware at low cost and put it into packages that could easily be ordered by customers via a Web site they created," said Goering. "They are also providing fulfillment for the hardware and follow-up support in case the hardware fails. They will replace the hardware as part of a warranty program." "Things have progressed and technology prices have dropped. So, institutions that have not been taking advantage of Check 21 are jumping on the bandwagon band·wag·on n. 1. An elaborately decorated wagon used to transport musicians in a parade. 2. Informal A cause or party that attracts increasing numbers of adherents: ," said Goering. Ron Meinhardt, president of BLM Technologies concurs. "Financial institutions across the country are recognizing that remote deposit capture is the wave of the future and they are requesting this technology at a growing rate. Our nationwide presence puts us in a position to help LendingTools.com reach these proactive financial institutions looking to take advantage of the efficiencies, cost savings, and improved level of customer service that the adoption of Check 21 offers." "BLM is taking care of a small part of a large project, but it's a critical part and it's a necessary evil to get it done," said Goering. "BLM has proven themselves well." About BLM Technologies, Inc. Headquartered in Minneapolis, BLM Technologies is a single source provider of information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. and branch automation solutions and services for the retail banking industry. BLM Technologies provides complete solutions nationwide including hardware sales, service and installations; banking specific software and software integration; on-site and depot repair services; and asset disposal/recycling services. BLM Technologies sells and services products from leading manufacturers of banking hardware such as Addmaster, Axiohm/TPG, Craden, Epson, Ithaca, CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . , Pertech Resources, Inc., Ingenico, MagTek, Panini Panini (pä`nēnē), fl. c.400 B.C., Indian grammarian. His Ashtādhyāyī [eight books] (tr. 1891) is one of the earliest works of descriptive linguistics and is also the first individually authored treatise on Sanskrit. , Magner and Digital Check. BLM Technologies also provides banking software solutions, including teller software, new account and check 21 and loan/document imaging. Their staff has been providing services and hardware for over twenty-five years. For more information about BLM Technologies, visit www.blmtechnology.com. About Lending Tools LendingTools.com, Inc. specializes in the design and delivery of web-based applications See Web application. for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Its On-We Network provides a low cost option for community bank image exchange. Approximately 2,000 financial institutions utilize one or more LendingTools.com services daily. LendingTools.com, Inc. is a privately-held Kansas corporation, and was founded by and is operated by bankers. LendingTools.com maintains two offices and data centers in Kansas and an office in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . Visit www.lendingtools.com for more information. |
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