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VSoft Corp. joins Viewpointe Network

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NEW YORK and ATLANTA (8/17/12)--Viewpointe, a provider of electronic content management and exchange services, and VSoft Corp., an information and technology provider of process improvement solutions for financial institutions, announced that VSoft is now a member of the Viewpointe network for exchange services.

The relationship benefits both organizations because they each offer their customers a network of exchange partners, the companies said. It provides VSoft clients with access to a clearing-and-settlement solution with Viewpointe Clearing, Settlement & Association Services rules coverage, common business practices through a single multilateral agreement, and settlement using the National Settlement System.

Through the Viewpointe membership, VSoft clients will have access to three of Viewpointe's principal payment services in the marketplace:

  • Pointe2Pointe--for image exchange services;
  • National Settlement System--for a real-time, Internet-based net settlement system for all electronic transaction types; and
  • Association Services--which provides education and support for all payments network participants.
With the Viewpointe deal, VSoft said it will be able to consolidate its clients' exchange activity through a dedicated channel, eliminating the need to establish a complex structure of connections with each financial institution. An established exchange relationship with Viewpointe allows VSoft to provide each client an economical model for check-image exchange and settlement, Viewpointe said.

CU 24 issues 1.1M patronage dividend

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TALLAHASSEE, Fla. (8/17/12)--Credit Union 24, a credit union-owned ATM and point-of-sale network, is disbursing $1.1 million in patronage dividends to its shareholding credit unions.

Due to the network's cooperative, credit union-owned structure, Credit Union 24 returns profits to credit unions that own shares of the network in the form of cash and equity certificates.

The company has disbursed $15 million to its shareholding participants since it was established in 1998.