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DeposZip gains momentum in shared branches
BURLINGTON, Mass., and SAN DIMAS, Calif. (2/2/09)--Use of DeposZip, a remote deposit capture (RDC) product, is increasing among credit unions and their members nationwide, Financial Services Centers Cooperative (FSCC) and EasCorp announced Wednesday. DeposZip allows members who have access to the Internet and a scanner to deposit checks from home at any time. Digital FCU, Marlborough, Mass., has signed up more than 16,000 RDC users since its implementation. Hanscom (Mass.) FCU went live with DeposZip last year. “RDC levels the competitive playing field with other financial service providers who have a significant brick-and-mortar branch network,” said Craig Roy, Digital FCU senior vice president of support services. “We have put a deposit-taking option in each one of our members’ homes.” Analysts predict that 30% to 50% of financial institutions will offer RDC capabilities to small-business consumers during the next four years, FSCC and EasCorp said. DeposZip is available to all credit unions, including non-shared branching credit unions. The $2 billion-asset EasCorp is located in Burlington, Mass. FSCC, a credit union Shared Branching network with 5,500 full-service deposit taking locations in the U.S., is headquartered in San Dimas, Calif.


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