Members' Advantage Credit Union selects VSoft mobile deposit tech

Source: VSoft

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Members' Advantage Credit Union, a Wisconsin-based institution serving more than 10,478 members, will deploy its OnView Mobile Deposit solution.

With OnView Mobile Deposit, Members' Advantage Credit Union will offer its members the ability to easily make deposits anytime, anywhere by using a mobile device. VSoft's solution accepts check images and transmits the deposit to VSoft's data center for secure processing. The amount confirmation engines, image quality tools, image-based reject repair and duplicate detection filters are then applied at the central operations area.

"We were in search of a leading-edge mobile solution and VSoft's OnView Mobile Deposit offered the features and user experience we wanted for our members," said Thomas E Bulin, CEO/President, Members' Advantage Credit Union. "By leveraging best of breed technology, our members will reduce their deposit preparation time which ultimately accelerates their funds availability. Our primary goal is to serve our members to the best of our ability, and we're confident that with VSoft's mobile deposit solution, we will continue to do so."

VSoft's OnView Mobile Deposit offers the flexibility to have a standalone application or to integrate with other mobile banking providers using both Server-to-Server and Single Sign On (SSO) models. VSoft's solution is currently integrated with over 10 different mobile banking providers, including VSoft's own omni-channel application, IRISTM. In addition, the solution can be deployed in-house or hosted out of VSoft's data center, VServe. Members' Advantage Credit Union will leverage the data center to deploy the solution.

"Consumers are increasingly expecting added convenience from their financial institutions, including being able to make deposits anywhere, anytime," said Murthy Veeraghanta, Chairman and CEO of VSoft Corporation. "With VSoft's Mobile Deposit solution, institutions like Members' Credit Union are doing just that by extending the convenience and cost savings of remote deposit capture and transmission right into the palms of its members." 

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