I wrote earlier about NetBank’s QuickPost service and problems that I had in using the service. QuickPost is a service provided by Financial Technologies, Inc, a wholly owned subsidary of NetBank.

Financial Technologies lists the following clients fot their QuickPost service:
* NetBank Federal Savings Bank
* USAA Federal Savings Bank
* ebank
* Navy Federal Credit Union

An email from NetBank last week indicated that a third party was discontinuing service by stating:

At NetBank®, we always look for innovative ways to improve your banking experience. At times, we have agreements with third party vendors to bring you new products and services. QuickPostsm, the payment and deposit forwarding service, is one of those products. Unfortunately, the vendor is now ceasing its operations; therefore, we must discontinue this service on November 30, 2006. As of this date, The UPS Storesm locations will no longer accept QuickPost envelopes.

NetBanks website makes the following statement:

As of November 30, 2006, QuickPost, the deposit and payment forwarding service, will be discontinued. QuickPost envelopes received after this date will not be processed. To forward a deposit using QuickPost before this cutoff date, follow instructions below.

Strangely, neither Financial Technologies, Inc, nor any of their other listed clients mention a discontinuance of service.

QuickPost was an innovative product with only a few problems requiring attention. The major problem in my opinion was with the young staff of the UPS Store handling important financial documents without having a strict policy of maintaining a paper trail. My recent experiencies with the UPS Store and QuickPost showed much improvement. Too bad the the service is now to be discontinued.