This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

J.P. Morgan Launches Image Deposit Direct Mobile

J.P. Morgan Treasury Services, a full-service provider of cash management, trade finance and treasury solutions, today announced the launch of its mobile application Image Deposit Direct® Mobile (IDD Mobile). IDD Mobile enables U.S.-based companies to make check deposits using any Apple iPhone® device, eliminating the need to visit a branch.

IDD Mobile is an extension to 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 application is well suited for clients with sales forces that collect checks from merchants, replacing the need for employees to make an additional trip to a banking center to make a physical deposit or to a centralized office location for checks to be scanned for deposit.

“J.P. Morgan is committed to offering clients the use of technology to extend the electronification of payment processing,” said Joe Hussey, Executive Director, J.P. Morgan Treasury Services. “IDD Mobile allows clients to deposit checks anytime, anywhere, conveniently, easily and safely. This new point of deposit for checks is the ideal complement to the check imaging solutions clients are already using and will deliver an increased level of efficiency when collecting payments and processing checks.”

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. They no longer have to make stops throughout the day to deposit checks and we now have quicker access to funds.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs