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VSoft IMM partner on check imaging

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ATLANTA (12/22/08)--VSoft Corp., a provider of process improvement solutions for financial institutions, is partnering with Integrated Media Management (IMM) to implement check imaging solutions in financial institutions--including credit unions-- nationwide. IMM is a document output management and automation technology provider. The teller item capture solution automates the process from the teller line to the Federal Reserve or other end points. The scanned checks populate the tellers’ “checks received window” and provide real-time posting and teller balancing of each transaction. “The current plan for Federal Reserve closures has prompted more financial institutions to aggressively replace their paper-based processing system with check imaging,” said Murthy Veeraghanta, VSoft president. VSoft and IMM converted more than 25 financial institutions from paper to electronic processing during the first 10 months of this year.