Clarion FCU turns to VSoft for mobile deposit tech

Source: VSoft

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Clarion, Pennsylvania-based Clarion Federal Credit Union with $90 million in assets has selected its OnView Mobile Deposit to provide the simple and on-demand access of remote deposit capture (RDC) to its members.

Mobile banking and mobile deposit use continue to accelerate. According to a new forecast from Juniper Research, more than two billion users will access retail banking services via smartphones, tablets, PCs and smartwatches in 2018, up 10 percent from 2017. Mobile accessibility has fundamentally shifted the way consumers expect to interact with their financial institution, and institutions like Clarion FCU and others are leading the pack to meet their members’ needs. With VSoft’s OnView Mobile Deposit, Clarion FCU’s members will be able to deposit checks anytime, anywhere and on any device with a built-in camera. This feature is critical as consumers expect more conveniences from their financial institution.

VSoft has successfully integrated its mobile deposit application with multiple mobile banking platforms, providing seamless transactions for consumers and efficiency for financial institutions. Additionally, VSoft’s OnView Mobile Deposit drives down the per transaction cost for financial institutions by capitalizing on widely used devices. It also features custom review thresholds to monitor deposit activity and prevent fraud, and offers real-time duplicate detection at the point of capture. OnView Mobile Deposit is available as a standalone application or included as an embedded feature of VSoft’s Arya digital banking platform. OnView Mobile Deposit is deployable in-house or outsourced via VSoft’s data center.

“We chose to implement VSoft’s mobile deposit solution because of their history of success and prominence in the financial industry,” said Mark Lauer, CEO of Clarion FCU. “VSoft’s experience with and openness to our current vendor mix made it an easy decision for us to onboard their mobile deposit platform. We’re excited for OnView Mobile Deposit to bring enhanced accessibility to our current and future members through our commitment to digital innovation and service.”

“As consumers expect more services from their financial institutions, offering secure and seamless mobile options to members will lead to improved member satisfaction,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “VSoft’s OnView Mobile Deposit is designed to provide consumers with the power and flexibility to make remote deposits at their own convenience, enabling financial institutions to increase the value of their offerings and attract new account holders. We look forward to partnering with Clarion Federal Credit Union to bring this solution to its members.”

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