VSoft and Diebold team for ATM image utility

Source: VSoft Corporation

VSoft Corporation, a global information and technology provider of process improvement tools for financial institutions, announced at the 2007 BAI Transpay Conference and Expo that it will certify Diebold's (NYSE: DBD) ImageWay Automated Teller Machine (ATM) software for implementation with its server solution.

Any ATM with Diebold's ImageWay solution can now seamlessly integrate with VSoft's Image ATM server utility software to capture images at the ATM location for processing in compliance with Check 21 legislation.

"The financial services industry continues to embrace and implement the power of deposit automation to provide high quality, self-service deposit transactions for consumers in a cost-effective processing environment," said David Bucci, senior vice president of Diebold's customer solutions group. "This strategic alliance is just one example of how Diebold offers the industry advanced ATM imaging solutions that are more easily implemented into an existing item processing network."

Diebold's ImageWay ATM solution uses industry-standard message formats, and incorporates store-and-forward technology to allow assured delivery of transaction information to a VSoft server solution. VSoft's ATM server consolidation solution accepts deposit transaction data including all check images from the ImageWay ATM. Every check and currency deposit is positively matched against the ATM records. ATM balancing workflows are automated, allowing the institution to decrease the resources needed to support multiple ATM's. Following deposit reconciliation, VSoft's solution sends all images to the central check processing site, maintaining a complete audit trail for clearing purposes.

"As a result of Check21 Legislation, deposits through imaging ATMs have become a reality," said Murthy Veeraghanta, president, VSoft Corporation. "As financial institutions move towards accepting depository transactions on our Image ATM server utility software we see partnering with market leaders such as Diebold a win/win for both organizations."

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