VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that San Francisco-based Union Bank, N.A. has selected its Remote Deposit Capture solution.
The selection is part of Union Bank's strategy to offer its customers the latest technology to expedite processing of their account receivables and reconciliation.
Union Bank first introduced remote deposit to its business customers in 2006 and has successfully penetrated markets across the country. "Remote deposit is an important strategic initiative that strengthens Union Bank's national presence and processing capabilities," said Michael Anderson, senior vice president and manager of product management and development for Union Bank. "In VSoft we found a partner who shares the same strategic vision and product roadmap to offer a fully integrated remote deposit capture across market segments. In addition to expanded product capability, VSoft also provides the bank the tools to satisfy regulatory requirements"
"Union Bank has an aggressive marketing plan for its remote deposit capture solution and VSoft's solutions enable it to add functionalities that meet the needs of individual market segments," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "Our imaging solutions are designed to meet the volume and convenience needs of all types of customers while providing the bandwidth to support a progressive institution like Union Bank as it grows."