The Patent License Agreement permits customers
to deposit checks with Esquire Bank using their mobile
devices.
JERICHO,
N.Y., June 7, 2024 /PRNewswire/ -- Esquire
Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the holding
company for Esquire Bank, National Association (the "Bank"), today
announced that the Bank has executed a comprehensive Patent License
Agreement with USAA for the use of its 151 patents covering Remote
Deposit Capture ("RDC") technology.
"Today's announcement represents the Company's commitment to
providing best-in-class innovation and service to our customers,"
said Martin Korn, the Bank's Senior
Vice President and Chief Technology Officer. "This Patent License
Agreement ensures that the Bank can deliver cutting-edge RDC
solutions to our customers."
About Esquire Financial Holdings, Inc.
Esquire Financial Holdings, Inc. is a bank holding company
headquartered in Jericho, New
York, with one branch office in Jericho, New York and an administrative office
in Boca Raton, Florida. Its wholly
owned subsidiary, Esquire Bank, National Association, is a
full-service commercial bank dedicated to serving the financial
needs of the legal industry and small businesses nationally, as
well as commercial and retail clients in the New York metropolitan area. The Bank offers
tailored products and solutions to the legal community and their
clients as well as dynamic and flexible merchant services solutions
to small business owners. For more information, visit
www.esquirebank.com.
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SOURCE Esquire Financial Holdings, Inc.