Valley Savings Bank of Cuyahoga Falls, Ohio has selected Open Solutions Inc's Imaged Payment Technologies Group's remote deposit capture software to take advantage of Check 21 legislation and further streamline its check operations processes.
Open Solutions is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and other international markets.
With more than $107 million in assets, 13,000 accounts and two branches, Valley Savings Bank is a locally owned and operated full-service community financial institution. A long-standing user of Open Solutions' TotalPlus core processing platform, the bank cited the stability of the organization, the personal service delivered and the modern technology infrastructure as the primary reasons for its selection of Open Solutions' remote deposit capture software.
Valley Savings Bank President Ann Durr said, "We have been an Open Solutions core processing client for many years. We've always received superior service and that was one of the primary reasons we expanded our relationship with Open Solutions to add the remote deposit capture capabilities. Open Solutions provides on-site training for our employees and that is important to our institution. Additionally, in the current environment it was imperative to our organization that we selected a stable, proven provider. As a nationally recognized and respected provider, we feel confident that Open Solutions will be able to meet our needs now and in the future. The industry has witnessed record change this year and partnering with stable providers is very important to our continued success."
Open Solutions' image-enabled item processing system drives a wide range of check-processing transports and streamlines a financial institution's operations. In addition, the solution optimizes workflow, enhances business flexibility and generates fee income. Key benefits include improved funds availability, faster client service and greater abilities for institutions to retain more accounts and save on monthly mailing costs.
"As our institution grows, it is important that we continue to deliver the personal service we are known for in our community," said Durr. "By adding Open Solutions' item processing and remote deposit capture solution, we will be able to deliver our customers electronic statements, faster availability of funds and improved customer service."
"Open Solutions provides customized imaging solutions that help financial institutions achieve greater efficiency, profitability and competitiveness," said David T. O'Malley, Senior Vice President and GM, SSG, IPTG and CFS. "Banks can implement solutions to provide the most cost-efficient clearing path, provide unlimited access to image archives, combat fraud or increase fee income. Additionally, these solutions can be deployed rapidly to anticipate market demands by clients of our financial institutions. Whatever the objective, Open Solutions has a solution that ensures the highest level of operational success."
Louis Hernandez, Jr., Open Solutions' chairman and CEO, said, "Open Solutions understands the challenges community banks face today. I am very pleased we are expanding our relationship with Valley Savings Bank to add even more innovative solutions to address their needs. This further demonstrates our commitment to our clients and to developing proven, sophisticated solutions. We are always pleased when we add a new client to the Open Solutions' family, but it is truly a testament to our organization when more and more existing clients expand their relationships and add more Open Solutions' products to their existing platform."