BB&T Launches Remote Deposit Solution for Low-Check-Volume Businesses

Winston-Salem, North Carolina (PRESS RELEASE – October 3, 2010) – BB&T announced today the addition of a new remote deposit solution specifically designed for low-check-volume business clients.

BB&T’s OnSite Deposit Low Volume offers the same benefits as its other remote deposit solutions, but it is packaged to cost effectively meet the needs of clients who deposit less than 200 checks per month and eliminates the expense of purchasing a scanner.

Like BB&T’s full suite of remote deposit service offerings, OnSite Deposit Low Volume allows businesses to make deposits using their computer and Internet connection until 7 p.m. ET on bank business days for same-day credit. It also provides access to two years of deposit activity and deposited check images. The service package includes an easy-to-install and use scanner and scanner maintenance. If questions arise, clients can obtain assistance through the live online chat support and e-mail between 8:30 a.m. to 11:30 p.m. ET.

Creative Payment Solutions Inc. (CPS), a BB&T subsidiary, developed the service in response to client feedback.  “This solution allows BB&T to serve all clients, regardless of check volume. The ease of installation and use enables clients to begin using the service the same day they receive their scanner,” said Jean Voorhis, Treasury Services senior product manager. “Equally important is the extended support hours, since many businesses may not be able to process a deposit until after traditional workday hours.”

BB&T’s full suite of remote deposit offerings also include OnSite Deposit, OnSite Deposit Package and OnSite Deposit Image Cash Letter.

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $155.1 billion in assets and market capitalization of $18.2 billion, as of June 30, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others.

About Creative Payment Solutions

Creative Payment Solutions (CPS) is a wholly-owned subsidiary of BB&T Corporation. Established in 2003, CPS develops electronic payment products and services that take advantage of the efficiencies of emerging technologies in ACH (Automated Clearing House), ATM (automated teller machine) and check processing networks, and markets these services to financial institutions. CPS is committed to providing products and services that allow financial institutions to maintain their brand and client relationships.

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