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CO-OP launches check imaging suite
RANCHO CUCAMONGA, Calif. (2/11/08)--CO-OP Financial Services is offering digital tools so credit unions can electronically capture, proof and clear checks. The products, CO-OP ATM Check Imaging, CO-OP Fast Branch and CO-OP My Deposit are now available. CO-OP Branch Deposit and CO-OP Retail Deposit will be released later this year. “This technology also is valuable to members, so credit unions can leverage the convenience of check imaging to gain market share, especially among younger, tech-savvy audiences,” said CO-OP President/CEO Stan Hollen. Check imaging reduces fraud and transaction errors, and processing, courier, postage and back-office costs, the company said. “Image processing is the future, the near future,” Hollen said. “This is no longer simply a trend; it’s becoming a way of life, and credit unions should convert to check imaging or expect lower profits.”


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