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Mid-Atlantic Corporate Bluepoint expand partnership
WASHINGTON (3/2/11)--Mid-Atlantic Corporate FCU and Blue Point Solutions have announced a joint initiative to assist credit unions with lower check volumes to adopt Check 21-enabled branch capture and to help them convert check processing operations to the corporate. They made the announcement at the Credit Union National Association's (CUNA) Governmental Affairs Conference in Washington, D.C. this week. Bluepoint Solutions, winner of the CUNA Tech Council's 2010 Best of Show award, provides remote deposit capture, item processing and enterprise content management to solutions to credit unions, corporate credit unions and credit union service organizations (CUSOs) nationwide. With the initiative, credit unions that process fewer than 2,000 over-the-counter items per month will have access to Bluepoint's ImagePoint Branch capture platform for an affordable monthly fee, without significant setup costs, the companies said. Once scanned, check images will be electronically transported to Mid-Atlantic Corporate's data center for additional processing and clearing. "Credit unions with lower check volumes will now have access to the same technology used by much larger institutions," said Rodney May, senior vice president of member services at Mid-Atlantic Corporate. "Working with Bluepoint, we've been able to remove many of the barriers that have traditionally prevented smaller institutions from installing this type of sophisticated check processing technology." The partners also have initiated a conversion program to help credit unions of any size replace first-generation, legacy branch capture and check processing solutions with Bluepoint's platform. Mid-Atlantic Corporate serves 900 credit unions, CUSOs, leagues and chapters in 44 states. It was the first corporate to develop and implement a plan following changes to the National Credit Union Administration's Regulation 704, which allowed the corporate to focus on serving bredit unions with payment services, loans, investments, and asset liability management (ALM) programs. These services include ALM, automated clearinghouse (ACH), share draft processing, electronic bill payment, remote image capture and more.


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