Source: VSoft
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that $63 million UBI, a community federal credit union based in Plainville, Conn., implemented VSoft's Branch Item Capture solution. With VSoft's solution, UBI can efficiently capture check images at its branch locations and electronically transmit the images and the data to its central site.
"We just couldn't see continuing to pay someone else to do work we could do ourselves (in house)," said Jonathan Zulkeski, chief information officer at UBI. "VSoft made the implementation very smooth. Quicker funds availability, and a familiar teller interface tied directly to the Federal Reserve Bank will increase our productivity, and, as a result, enhance member service."
Routing electronic images through UBI's central location eliminates geographic boundaries and the need to physically transport checks. The Check 21 solution enables the credit union to produce electronic cash letters for exchange directly with other financial institutions or through exchange organizations. It will also be able to accept returned items as images, removing the timely process of handling and processing paper items.
"VSoft has been working directly with credit unions for more than 10 years, and we understand the level of service that truly community-oriented institutions need," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "UBI can now leverage our branch capture solution to further enhance member service and enjoy the added benefit of significant process efficiencies, thereby becoming more competitive."