CHICAGO (7/21/10)--Three credit unions are at the forefront of iPhone applications that allow members to deposit checks with a camera-enabled smart device introduced by Chase, chicagotribune.com
said Monday. The article noted that credit unions offering remote-deposit services are:
* Sharon (Mass.) CU, which offers “VIP Deposit,” or virtual item processing. Consumers can deposit checks from home using their personal computer, a scanning device and software provided by the bank. It’s free for eligible consumers. Sharon is evaluating remote deposit for Smartphones, a spokeswoman told the Tribune. * Digital FCU, Marlborough, Mass., which allows members to deposit checks through a home-based scanner system and through Apple iPhones or Android-powered smart phones with cameras. Roughly $300 million has been deposited remotely in the credit union since it began its home scanner program in 2008. In April, it began offering remote deposit capabilities through the smart phones, Digital Public Relations Manager John Lahair told the Tribune. * Randolph Brooks FCU, Live Oak, Texas, which also offers an “eDeposit” service through a home-scanning system and through iPhone and Android devices.
“The great thing in all of this is that we actually launched our smart phone applications … three months before Chase,” Digital FCU’s Lahair told New Now
. To read the article, use the link.