VERO, a leading financial technology provider, announced today that West Texas Credit Union (WTCU) is the first credit union to pilot VERO's end-to-end automated check cashing.
The VERO solution is designed to streamline processes, enhance members' experience and manage fraud risk. A VERO enrollment station and advanced function ATM was installed at the Americas El Paso branch.
"With the West Texas Credit Union installation, we launched our second generation check cashing technology that improves both transaction times, fraud decision capabilities and ultimately member satisfaction," said Dave Grano, VERO's president and CEO. "In the credit union market, West Texas Credit Union is seen as the pioneer in finding and utilizing new technology that benefits members. We are excited for the opportunity West Texas provides in helping us bring our solution to the credit union segment."
"We identified an opportunity with VERO to decrease long lines, especially on pay days where wait times can be as long as 20 minutes," said Rufino Carbajal, Jr., CEO of WTCU. "The pilot will allow us to get member feedback and see the streamlined process first hand."