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Financial Technologies, Inc. (FTI) today announced it has reached an agreement with USAA Federal Savings Bank to process paper deposits made by its customers using FTI's QuickPost(SM) deposit and payment forwarding service. The service allows customers of participating financial institutions to forward deposits or payments overnight through any of the 3,900 domestic locations of The UPS Store(R). The terms of the agreement were not disclosed. "Many financial institutions with limited physical presence are looking for cost-effective ways to gather deposits and payments," said Tom Cable, president, Financial Technologies, Inc. "QuickPost is a great value-added service because it provides a fast, convenient and secure alternative for customers to deposit funds into their account no matter where they are located. "We continue to see interest in the service and believe we can grow the network of participating institutions over time," Cable added. The service is simple for customers to use and financial institutions to implement. Customers simply take their check and completed deposit slip to the nearest location of The UPS Store(R). Once there, they place their item in a QuickPost envelope for delivery. All QuickPost envelopes are then sent via UPS Next Day Air delivery to a state-of-the-art deposit and payment processing center. There, the deposits are processed and the funds are electronically routed to the customer's bank account. The center is highly scalable and was designed to take full advantage of Check 21 legislation and new electronic check imaging technology. Since checks can be converted to digital images and processed electronically, it dramatically reduces the time from check drop-off to availability of funds. In March, FTI completed its initial deployment of QuickPost with NetBank, an Internet bank located in Atlanta. FTI began marketing the service to other financial institutions shortly thereafter, and FTI plans to sign up additional institutions for the service. About FTI Financial Technologies, Inc. is a subsidiary of NetBank, Inc. (Nasdaq: NTBK), a diversified financial services provider and parent company of NetBank(R) (www.netbank.com). The company offers financial institutions technology solutions that include: NetServ(SM), a private-label Internet banking solution; QuickPost(SM), a deposit and payment forwarding service; and PowerPost(SM), a remote deposit capture service. For more information, call 1-866-441-4FTI.