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Digiliti Money Delivers Powerful New Remote Check Deposit Capabilities

June 29, 2017

MINNEAPOLIS, Minn.  ̶  June 29, 2017  ̶  Digiliti Money, Inc. (Nasdaq: DGLT), a leading mobile FinTech provider, has added key new features to its Select Mobile™ Deposit and Select Business™ Merchant Capture solutions, which provide business customers and consumers with the convenience of depositing checks remotely and saving a trip to the bank or credit union.

The updated features include CheckReview™, a real-time check fraud monitoring tool, as well as new automated return settlement capability and faster mobile multi-check capture. The new features will be available beginning June 30.

“These enhancements to our Select Mobile Deposit and Select Business Merchant Capture solutions provide increased security and speed, and make the process of depositing checks even more convenient for consumers and businesses,” said Digiliti Money President and CEO Jeffrey Mack. “Our mobile deposit capture technologies also now deliver an even greater competitive edge to our clients and channel partners.”

Select Mobile Deposit Key Enhancements

  • With CheckReview, financial institutions (FI) can now review a scanned check image as a tiff image (in the X9) as well as a captured JPG image submitted by a mobile user. This allows the FI to properly review checks with zoomed out or high-resolution capture photos to help avoid potential rejections from the Federal Reserve. FIs can also approve or reject the check in real-time before it is deposited into customer account.
  • When a customer deposits a check with Select Mobile Deposit, the FI can now add customization around holds and limits based on an account routing number.


Select Business Merchant Capture Key Enhancements

  • FIs can better manage returns, including ones to be resettled, with limited merchant or customer involvement. Rather than requiring a manual process with every returned item, they simply upload a file with a list of returns into the Select Business platform, and the returns are automatically created and processed based on the desired outcomes.
  • New multi-check mobile capabilities offer an improved workflow and rivals the speed of a single feed desktop scanner. FIs can now offer a more affordable and practical remote deposit capture (RDC) solution for lower volume merchants. The mobile capabilities also open up new business customer applications, enabling remote workers to deposit multiple checks quickly, easily and securely.


“Our new multi-check features provide merchants easier and more accurate mobile deposits,” continued Mack. “Expensive and cumbersome scanner hardware is also no longer required, minimizing operating costs and accelerating merchant business processes. These advantages dramatically expand the market of our RDC solutions, especially for small to medium businesses.”


To learn more about Select Mobile Deposit and Select Business Merchant Capture visit https://www.digilitimoney.com/solutions.

About Digiliti Money, Inc.
Digiliti Money is a leading cloud-based, SaaS technology provider for the now way to bank, serving the financial services industry with mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in 2010, Digiliti Money has quickly grown into a technology leader and trusted partner of some of the world’s largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Digiliti Money continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.

The company's industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Digiliti Money’s cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Digiliti Money’s complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers. For more information, visit www.digilitimoney.com.  

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Important Cautions Regarding Forward-Looking Statements and other Notices
This press release contains certain statements that would be deemed "forward-looking statements" under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1933 and includes, among other things, discussions of our business strategies, future operations and capital resources. Words such as "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements.

These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements.

Forward-looking statements reflect our current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. We discuss many of these risks in greater detail in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2016, filed with the Securities and Exchange Commission on Feb. 24, 2017, under the heading "Risk Factors" and in the other reports we file with the Commission. You are cautioned not to place undue reliance on these forward-looking statements.  Also, forward-looking statements represent our estimates and assumptions only as of the date of this press release. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

Company Contact:
Bryan Meier, EVP & CFO
Digiliti Money, Inc.
952.698.5214
bmeier@digilitimoney.com 

Investor Relations Contact:\
Matt Glover or Najim Mostamand
Liolios Group, Inc.
949.574.3860
DGLT@liolios.com