Product: RapiDeposit CP 3500 check scanner
Company: Inovium Corp.

Nearly 10% of small businesses in retail, wholesale and manufacturing report they either already use remote deposit capture (RDC) or plan to start using it in 2007, according to a study from Phoenix ESP Payments Research Group.

Perhaps even more retailers are unaware of the capabilities of RDC, and that is where the merchant level salesperson (MLS) comes in. As a full-service MLS, you can make your merchants' lives a little easier by telling them about the benefits.

A Check 21-compliant check and document scanner system from Inovium enables small to medium-sized businesses to convert paper checks to digital images for remote online deposit.

The CP 3500 duplex portable scanner images both sides of the check concurrently. It utilizes built-in character recognition for typed or printed numbers, and automatically fills in the payment amount for the user.

The device is equipped with a high-speed USB 2.0 interface and requires no external power supply, according to the company.

Inovium bundles the scanner, application software and fees associated with setup and underwriting, offering the system at a suggested end-user price of $699, according to Jules Kaplan, Chairman and Founder of Inovium.

The system can be economical for businesses that accept as few as 10 checks per day.

The company provides a training session for resellers, and customer support is provided online, Kaplan said.

The system has configurable parameters to determine user permissions and allows users to upload payment data directly into their accounting system.

The system can be used for back-office conversion applications and seamlessly integrated with Inovium's electronic invoice presentment and payment application for a robust accounts-receivable management system.

The RapiDeposit product family is available for private-label packaging to value-added resellers and partners.

Inovium Corp.
888-466-8486, ext. 2
www.inovium.com