Eliminate redundant and costly local depository banks and accelerate your deposit timeline through Northern Trust's remote deposit capture service.
The Northern Trust Remote Deposit Capture solution utilizes Web-based technology to capture the images of checks ready for deposit and transmit them to the bank. After receiving the image file, we process the deposit and clear the items using images eliminating the need to deliver the items to us.
Our solution includes Image Quality and Usability Assurance (IQ/UA) routines to help ensure that images will be suitable for automated processing and settlement. Accurate Courtesy and Legal Amount Recognition (CAR/LAR) software saves keystrokes and increases the accuracy of balanced deposits. Users also have the ability to review check images and deposit information prior to transmission to provide enhanced control and oversight in decentralized processing environments.
Scott is a Senior Vice President at Northern Trust Company and is responsible for managing Northern’s Treasury Services Consulting division. The Treasury Consulting Division provides Northern Trust clients with assistance in evaluating their existing cash management structure, support in analyzing and implementing treasury management solutions designed to optimize cash flow and streamline payment and financial operations, as well as advice regarding payment industry trends and best practices.
Scott joined Northern Trust in 2003 and has twenty-five years of banking industry experience, including more than ten years in the treasury management services field. Prior to joining Northern Trust he worked for National City Bank and predecessor organizations of J.P. Morgan Chase in several different capacities, including treasury management sales, procurement card product sales, corporate banking relationship management, asset-based lending, and asset-backed securities underwriting.
Scott has a Bachelor of Arts degree from Coe College in Cedar Rapids, Iowa and an MBA degree from DePaul University in Chicago. He is a member of the Association for Financial Professionals (AFP), and was a member of AFP’s working committee that created the first standard RFP for purchasing cards in 1998. He earned the Certified Cash Manager (CCM) designation in 2000, and currently holds AFP’s Certified Treasury Professional (CTP) designation.