VSoft signs Texas Trust Credit Union

Source: VSoft

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Texas Trust Credit Union in Mansfield, Texas has chosen its branch item capture, home office capture and ATM image processing solutions.

The credit union will deploy the solutions through VSoft's data center, VServe.

Texas Trust selected VSoft for the flexibility of its deployment models and seamless core system integration, which allows it to easily transition its check processing services to VSoft's ASP/outsourced option, VServe. The $726 million credit union will outsource VSoft's branch item capture in its eight branches, as well as deploy its ATM imaging solution and home banking interface. Texas Trust also selected VSoft for its comprehensive item processing suite, which complements the branch item capture solution and securely, efficiently manages image workflow.

"VSoft offers an opportunity for a strategic partnership that allows us to outsource all of our image processing tasks without changing our business model," said David Pickney, CFO, Texas Trust Credit Union. "Its outsourced data center lets us improve internal efficiencies and opens the door to easily bring more services to market that will best serve our members' needs."

VSoft's branch item capture solution accelerates processing and decreases expenses by capturing deposits either at the teller window or in the credit union's back office. Its ATM capture product furthers enhances efficiencies by receiving images and data provided from any image-enabled ATM and consolidating them in the back office. VSoft's item processing capabilities include inclearings/shared drafts, cash letters, out returns and archive/research.

"Texas Trust is taking advantage of the opportunity to transfer its image processing solutions to our stable, growing environment without changing its business model or requiring a large capital investment," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "With our outsourced environment and complete suite of products, the credit union can easily add remote deposit capture RDC solutions and update its technology over time. Our scalable products are customized to meet the unique objectives of each institution, enabling us to become true a partner for progressive institutions such as Texas Trust." 

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