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The Green Sheet

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Chexar’s Risk Management Solutions Extended to Mobile Deposit at Regions Bank

Monday, April 08, 2013 (Chexar Press Release / Chexar Networks, Inc.)

Chexar’s solutions help enable customers to conveniently deposit immediate good funds using their smartphones from a check 24/7
Chexar Networks, Inc. (“CHEXAR®”), a leading provider of financial risk management solutions, is helping its client, Regions Bank, expand their customers’ options for accessing their money 24/7. Customers carrying select Regions Cards - including any Regions Visa® CheckCard (or ATM card) or any Regions Now Card, a reloadable Visa® prepaid card- can now deposit funds from an approved check using their smartphones and get access to the funds in minutes.

Chexar’s solutions have been helping to enable check cashing functionality through Regions’ extensive branch network for more than a year now and at more than 700 Regions DepositSmart ATMs for a few weeks.

“Customers want more convenience and more tools to manage their money. Through our partnership with Chexar, we are able to help make funds available to our customers from any type of check, at any time of the day,” said Scott Peters, head of Regions Consumer Services.

“Expanding the ability to deposit a check using their mobile smartphones allows Regions to extend banking hours for customers, as well as giving them quick and easy access to their funds.”

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