Yuxi Pacific Announces Mobile Remote Deposit Capture for iPhone

Innovative approach opens the door to widespread use of mobile check deposits

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Jan 06, 2010, 08:50 ET

KING OF PRUSSIA, Pa., Jan. 6 /PRNewswire/ -- Yuxi Pacific Group, an international software consulting firm with offices in the United States and China, today announced their newest innovation, a customizable Remote Deposit Capture (RDC) iPhone application (app). Financial institutions that purchase the application will be able to immediately offer RDC services to any customer with an iPhone.

"This latest initiative provides a first-to-market opportunity for small to medium sized financial institutions," said Michael Puscar, CEO of Yuxi Pacific Group. "This is an opportunity for banks to attract and retain tech-savvy customers, associate themselves with the Apple brand, and offer a viable alternative to larger banks."

Yuxi Pacific's offering will allow small to medium sized financial institutions to join the host of companies seeking to take advantage of the iPhone's popularity among banking consumers. Bank of America is the latest financial institution to announce a mobile RDC initiative. About 40% of Bank of America's mobile-banking customers use iPhones or one of the iPod Touch devices, according to Douglas Brown, Bank of America senior vice president of mobile product development.

"The way it works is simple," said Kevin Hu, Director of Client Services at Yuxi Pacific Group. "Banking customers register their mobile phone and account number with the bank, and then download the application from the iTunes store. Then, using the app, they can use their mobile device to capture the checks and deposit them directly into their account without a trip to the bank."

Yuxi Pacific's Mobile Remote Deposit Capture application is available for purchase immediately.

About Yuxi Pacific

Yuxi Pacific, LLC, is an international software consulting firm founded to help customers leverage the strength of the emerging Chinese economy. Based in the United States, with regional offices in Guangzhou and Changsha, Yuxi Pacific helps businesses architect software products and take them to market internationally.

    For more information:
    Michael Puscar, 610-768-2818, [email protected]

    For more information on Yuxi Pacific's MRDC:
    http://mobile.yuxipacific.com/

    For more information about Yuxi Pacific's products and services:
    http://www.yuxipacific.com/

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Michael A. Puscar

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=92773

Kevin Hu

http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=92679

SOURCE Yuxi Pacific Group