MINNEAPOLIS and NASHVILLE, Tenn. (1/28/13)--Volunteer Corporate FCU has partnered with Cachet Financial Solutions to provide mobile remote deposit capture (RDC) services to VolCorp's 325 member credit unions.
The application allows credit unions' account holders to initiate mobile-deposit sessions on their smartphone or tablet by snapping a photo of an endorsed check and submitting it for processing.
Before transmitting the images, the Minneapolis-based Cachet formats the images, corrects any distortions or skewing and confirms that the image meets industry Check 21 and mobile image-quality standards. All transactions have multiple layers of security, said Cachet Financial Solutions.
"As consumers in general demand more convenience, VolCorp continually searches for solutions that will provide members with the latest technology to compete in the mobile world," said Sandy Swofford, senior vice president of marketing and business development at VolCorp. "Cachet not only offers a high quality RDC solution, but one that is affordable for credit unions of all sizes," Swofford added.