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CO-OP introduces mobile check deposit app
RANCHO CUCAMONGA, Calif. (12/1/10)--CO-OP Financial Services is introducing an application that allows members' deposits via their mobile phones. Developed in partnership with mFoundry, CO-OP My Deposit Mobile is designed to provide credit unions with a member service option that is advanced yet user friendly in a world that relies increasingly on mobile access, the Rancho Cucamonga, Calif.-based technology provider said. “CO-OP My Deposit Mobile helps credit unions attract new members from growing consumer segments that expect flexible, easy access points to their accounts,” said Stan Hollen, president and CEO of CO-OP Financial Services. “These members include the young, the tech-savvy and those who are cancelling their land lines in favor of mobile phones.” By choosing the deposit function on their mobile banking screen, members can view the history of remote deposit capture (RDC) transactions, take a picture of the front and back of the check, enter the check amount and complete the deposit. Credit unions already employing CO-OP’s Next Generation Network will benefit from cost-effective, speedy implementation of CO-OP My Deposit Mobile, with generally no changes required to the credit union’s host processing system. CO-OP My Deposit Mobile is part of the CO-OP Check Imaging Suite. As a client of one or more of these services, credit unions can use a single Web-based system to clear checks from all RDC points, including ATMs, home (via flatbed scanner), small businesses (via high-speed scanner) and, now, mobile phones.


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