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VSoft and PM Systems form marketing agreement

14 September 2010  |  3735 views  |  0 Source: VSoft

VSoft Corporation, a provider of process improvement solutions for financial institutions, announced a marketing agreement with Chapin, S.C. based PM Systems Corporation (PMSC), an S1 Corporation, to integrate its Home/Office and Merchant Distributed Capture solutions with PMSC's WebFederal3 Internet Banking platform.

Arkansas Federal Credit Union (AFCU), SF Police Credit Union, HAR-CO Federal Credit Union and Sb1 Federal Credit Union are among the first credit unions to benefit from the relationship, leveraging VSoft's Home/Office Capture solution with PMSC's Internet Banking platform to provide members with single sign-on access through a cohesive and easy to navigate interface.

The collaboration between PMSC and VSoft enables credit unions to create an image capture Web page that matches its existing Web site design. The new page can be hosted inside the secure Internet banking site, enabling a single sign-on and providing credit unions with a unified, fully functional Web presence.

VSoft offers the complete spectrum of imaging services available in three delivery models, in-house, outsourced or Software as a Service (SaaS), to best meet the needs of each credit union. AFCU was the first to offer VSoft's Home/Office Distributed Capture solution through PMSC's platform, and it plans to implement Mobile Item Capture in the near future. SF Police Credit Union is replacing its core vendor's Internet Banking system to leverage the flexibility of PMSC's solution and VSoft's Home/Office Capture. HAR-CO Federal Credit Union will run Home/Office Distributed Capture in-house with PMSC; it has also selected VSoft's Teller Item Capture, Archive and Duplicate Detection solutions. Sb1 Federal Credit Union plans to run VSoft's Home/Office Capture solution with real-time posting through the shared branching network.

"Credit Unions are becoming increasingly nimble online, and members expect them to offer best of breed solutions in an easy to navigate interface," said Tom Campbell, Vice President of Sales for PMSC. "Our relationship with VSoft will enable our customers to further broaden their reach of quality products offered online, increasing the value and convenience they provide to members."

"PMSC shares our strong commitment to enable today's credit unions to compete online with any financial institution," said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. "Its virtual banking system is highly respected within the industry for its comprehensive services and user-friendly interface, which make it an excellent portal for our distributed capture solutions. Our relationship with PSMC is yet another way that we can improve service and maximize efficiency for the credit union industry."


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