VANCOUVER, B.C. (4/19/13)--Credit unions will be the first Canadian financial institutions to offer remote deposit capture.
Through Credit 1 Central in Vancouver, three credit unions--Meridian CU, St. Catharines, Ont.; Affinity CU, Saskatoon, Sask.; and Westminster (B.C.) Savings CU--will offer Deposit Anywhere as part of their mobile banking application.
"We are constantly developing new, innovative ways for credit unions to meet the changing needs of their members," said Oscar van der Meer, chief technology officer at Central 1, the trade association and financial facility for credit unions in British Columbia and Ontario. "We help them keep in the lead of the rapidly developing financial services market."
Members of the credit unions can use the camera in their mobile device to snap an image of the check they want to deposit and use their mobile banking app to deposit the item electronically.
Deposit Anywhere will be broadly available for credit unions to begin implementation in June.