Corporate America CU selects VSoft cheque imaging software

Source: VSoft

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Corporate America Credit Union, a not-for-profit financial cooperative serving credit unions throughout the United States, has chosen to implement its full suite of remote capture solutions as well as its image exchange, image archive and research software.

With the addition of Corporate America, VSoft now serves over half of the corporate credit unions in the U.S., demonstrating its success in solutions designed for a multi-institution atmosphere such as a corporate.

"VSoft's solutions provide Corporate America with a full-service, cost-effective system, as well as a reliable system being used by more than half of the corporate credit union network," said Thomas Bonds, President & CEO, Corporate America Credit Union. "VSoft's solutions seamlessly integrate, providing a comprehensive system for processing checks. By incorporating the full suite of remote capture solutions into our processes, we foresee an improvement in our processing as well as the quality of service we provide our members."

Using VSoft's Agile Branch - Back Counter, Corporate America can capture check images behind the counter at branches. Similarly, VSoft's Agile Branch - Teller solution enables the credit union to capture check images at the teller window within a branch. Both solutions allow check images to be sent electronically to the central processing site, eliminating courier costs associated with physical transportation. The Merchant Capture solution allows Corporate America to offer image capture to its business members, allowing them to scan and capture check images at their remote locations and send them to the credit union to process.

"Transportation of paper and delayed funds have become a thing of the past," said Murthy Veeraghanta, president, VSoft Corporation. "With VSoft's remote capture software, Corporate America's members will realize faster check clearing and greater access to funds. Research time will be reduced, allowing Corporate America's employees to focus on member service rather than spending time processing and researching paper items."

Furthermore, Corporate America will use VSoft's image exchange software to process incoming images from the remote locations for exchange with the Federal Reserve. ese eserve. The Archive and Research solution eliminates the need for storage and filing of paper checks and streamlines the research process.

"With the addition of Corporate America, VSoft reinforces its leadership in the credit union market," said Vijay Balakrishnan, chief operating officer, VSoft Corporation. "VSoft's solutions are designed with a multi-institution architecture from the outset, and the ease of scalability makes it the best solution to fit the needs of our growing corporate credit union customers. This has allowed us to dominate the credit union market, serving 16 out of 28 processors serving credit unions throughout the U.S. "

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