Iberiabank turns to VSoft for mobile deposit

Source: VSoft

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Lafayette, L.A.-based IBERIABANK with $20 billion in assets has selected its OnViewTM Mobile Deposit to extend the convenience and cost savings of remote deposit capture (RDC) and transmission to its clients.

The solution will seamlessly integrate with the bank’s digital banking system.

According to a recent report from Celent, more than half of mobile banking users have deposited checks through their mobile device. In fact, Celent expects this to increase and account for more than half of all retail bank deposits this year. IBERIABANK recognized this trend and is investing in technology that will help deliver a superior experience to its clients.

VSoft’s OnView Mobile Deposit provides bank clients with the ability to deposit checks anytime, anywhere using the device of their choice, including mobile devices. The solution allows clients to log on securely and remotely, while the built-in camera captures the check images, accepts them and sends them to the financial institution for verification. VSoft has successfully integrated its mobile deposit application with numerous mobile banking platforms. OnView Mobile Deposit is available as a standalone application or included as an embedded feature of VSoft’s IRISTM digital banking platform.

“For more than 129 years, IBERIABANK has maintained a strong focus on our clients, growth and a commitment to our community,” said Burt Chandler, SVP, director of Bank Operations at IBERIABANK. “As part of that commitment, we recognized a need to upgrade our mobile deposit service, but in doing so, we needed a true technology partner. VSoft’s existing relationship with our digital banking provider was crucial to ensuring a smooth transition. We look forward to working with them and the benefits OnView Mobile Deposit will provide our clients.”

For financial institutions like IBERIABANK, VSoft’s OnView Mobile Deposit ensures a lower per transaction cost by capitalizing on widely used devices. Additionally, it expands deposit options to account holders, which is critical as consumers expect more conveniences from their financial institution. The solution is available in-house or outsourced via VSoft’s wholly-owned data center. It also features custom review thresholds to monitor deposit activity and prevent fraud, and offers real-time duplicate detection across multiple channels at the point of capture.

“VSoft’s suite of solutions are designed to be not only flexible for financial institutions’ business requirements, but also scalable to accommodate growth,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “We have seen many of our large financial institution clients expand their business operations within the past few years. The OnView Suite will allow IBERIABANK ultimate flexibility while helping them increase productivity and improve service to their clients. We are excited to partner with them and look forward to a successful, long-term relationship.”

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