MIDDLEBURY, Vt. (6/12/12)--eDOC Innovations and Cache Financial have partnered to create CheckLogic Mobile, which combines eDOC's CheckLogic check-processing platform with Cache's Select Mobile remote deposit solution.
The collaboration means credit union members can make remote deposits via mobile devices such as an iPhone or Android smartphone.
"Giving members the ability to deposit from their mobile smartphone will open up new opportunities for credit unions to engage a younger audience that, typically, yearns for advanced banking technology, said Joseph Lao, eDOC Innovations manager of market development.
Through CheckLogic Mobile members can take a photo of a check with their smartphone camera and upload the image through a mobile app downloaded from their carrier's application store. Items submitted for deposit will aggregate into the credit union's existing forward collection and settlement channel.