MINNEAPOLIS (7/9/12)--Through a partnership with Cachet Financial Solutions, Sharetec, a core systems provider, will offer mobile deposit capture to credit unions nationwide.
Cachet's Select Mobile service allows account holders to initiate mobile deposit sessions and submit checks with their smartphones or tablets. Members key in the deposit amount, snap a photo of the front and back of the check and submit the image to the credit union.
Before transmitting the images, Cachet formats them, corrects any distortions or skewing, and confirms the images meet industry Check 21 and mobile image-quality standards. All transactions are transmitted in real time with multiple layers of security and, if necessary, can be traced back to registered smartphones in order to combat fraud, said the companies.
Alliant CU of Dubuque, Iowa, will be the first Sharetec client to go live with Mobile Deposit Capture.