Palmetto Cooperative Services adds VSoft ATM capture to cheque capture suite

Source: VSoft

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced it has implemented its Centrum Gateway - ATM solution at Palmetto Cooperative Services, LLC (PCS).

The Columbia, S.C.-based credit union service organization (CUSO) will provide an additional flexible and secure deposit option for its credit union members with the new image-capture solution. PCS currently provides VSoft's branch and merchant capture to its credit union members.

"At Palmetto Cooperative Services, we pride ourselves on providing solutions to more than 350 credit unions across the nation that offer convenience and flexibility for their members," said Mark Curran, SVP of Business Development at PCS. "By adding ATM capture to our solution set, we now offer multiple points of check capture. We look forward to the convenience this solution will bring to our credit unions, and expect them to see a significant increase in their member satisfaction levels."

With image-enabled ATMs and VSoft's Centrum Gateway - ATM, envelopes are no longer necessary. When a member deposits a check into an ATM, the software captures the check image and related data. Members receive a receipt with an imprinted image of the deposited check(s) to verify the transaction, building trust and reinforcing the financial institution's credibility. VSoft's Centrum Gateway - ATM software allows image-enabled ATMs to provide gateway functions for the captured deposits including collecting the captured images and data from multiple ATMs at a central location; virtual sorting; deposit review; and inputs to VSoft's Digital Dashboard for enterprise-wide monitoring, thereby offering more insight into the institution's distributed capture network.

"VSoft's check imaging solutions were designed with multi-institution capability from the outset and allow CUSOs to offer their members a wide array of services," said Murthy Veeraghanta, president and CEO, VSoft Corporation. "As a flexible, innovative and nimble technology provider, our solutions improve service, reduce costs and maximize efficiency for financial institutions and businesses worldwide. Palmetto Cooperative Services quickly realized the benefits of branch and merchant capture as credit union members rapidly adopted the solutions. With ATM capture, PCS will now be able to provide yet another innovative and member-friendly service to the credit unions it serves."

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