Goldleaf Financial Solutions has announced that the US-based First State Bank Central Texas has grown its deposit base by using its Remote Deposit Express solution.
Goldleaf said that its Remote Deposit Express (RDX) replaces traditional deposit processes, reducing the time, effort and overhead costs associated with business deposit preparation, validation, transportation, processing and management for both the bank and its customers.
According to Goldleaf, First State Bank Central Texas performs evaluations of its customers to determine prospects that will benefit from RDX. The bank has already expanded its footprint with RDX, including one customer, who recently opened an operation in California.
Cassandra Wiggins, senior vice president of treasury management at First State Bank Central Texas, said: Selecting RDX was very strategic for our bank. The benefits are numerous, from acquiring low cost deposits to expanding beyond the branch footprint without the expense of opening additional branches as well as eliminating expensive courier services. It cements the relationship between our bank and its commercial customers, which is critical in today’s banking environment.
Goldleaf Financial Solutions Inc. offers a strategic suite of integrated technology and payment processing services to financial solutions of all sizes. Goldleaf’s products and services enable financial institutions to succeed in today’s competitive market, solidify their financial relationships, expand their presence and improve profitability through the efficient use of technology.