Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
EasCorps DeposZip surpasses 100000 users
BURLINGTON, Mass (11/23/10)--DeposZip, the proprietary remote deposit capture (RDC) service for households and businesses offered by Eastern Corporate FCU and its subsidiary, Vertifi Software (Vertifi), has surpassed 100,000 registered users from 62 credit unions nationwide. Since its inception in late 2007, DeposZip has processed 850,000 checks totaling $660 million--including $41 million received via mobile banking channels since its mobile program rolled out earlier this year. DePosZip lets credit union members, including business account holders, deposit checks through scanners or program-supported smart-phone applications. The smartphone applications, which are available on the App Store and Google’s Android Market, capture check images with the phone’s camera. Image pre-processing and validation take place on-device. Both the desktop and mobile platforms process checks electronically end-to-end through Vertifi. Deposits are posted to members’ accounts in real time with immediate access to check images. One of the earliest adopters of DeposZip was Hanscom FCU in Bedford, Mass. Scott Post, senior vice president of strategy and delivery at the credit union, said Hanscom FCU has found a significant correlation between its RDC users and the number of credit union services they use. Post explains that the credit union’s 2,000 RDC users have on average 7% higher share balances, 45% higher loan balances, 12% more share accounts and 30% more loan accounts.


RSS





print
News Now LiveWire
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
1 hour ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
16 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
16 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
16 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
17 hours ago