Sunday, March 4, 2012

DEPOSITS: Allied First Captures Moving Pilots; It's an early moving small bank in offering remote deposit capture consumers via personal computer. Mobile capture may come later.(Business Innovation)

Byline: John Adams

Allied First Bank's customers move thousands of miles while they're at work-and are often held over or relocated to cities far from the small bank's enclave in Chicago's western suburbs.

To keep its airline pilot-heavy customer base from using larger banks to deposit checks while away from the bank's baby shoe-sized footprint, the $160 million-asset bank plans to automate remote check deposits through consumer capture for personal computers.

"We can do direct deposits, but if the customers do have checks that aren't automatically deposited, these [pilots] are more likely to walk into a local bank to deposit them," says Andy Harden, vp of …

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