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DeposZip and FSCC team up on remote deposits
BURLINGTON, Mass. and SAN DIMAS, Calif. (9/4/08)--Credit union members who submit checks from their desktops will be able to post those transactions live after Eastern Corporate FCU (EasCorp) and Financial Service Centers Cooperative (FSCC) joined forces to automate select DeposZip back-office activities. EasCorp and FSCC created an electronic interface that connects all DeposZip users with the national shared branching network. “Using FSCC’s shared-branching platform, DeposZip will operate in a ‘real time’ environment,” said Alan Bernstein, EasCorp senior vice president of business development and strategic planning. “With the capability of the shared-branching interface, members’ checks deposited via DeposZip will be routed through the FSCC network for instantaneous posting, so credit unions can offer immediate credit.” The platform will save credit unions time and eliminate the possibility of human error, he said. “Credit unions on the FSCC network can use their existing shared-branch interface to offer DeposZip, and we’re able to speed up the implementation process,” said Bonnie Kramer, FSCC executive vice president and chief operating officer. EasCorp has more than $2 billion in assets. It provides credit unions with deposit, loan and investment services, including DeposZip. FSCC offers the Shared Branch Network with 5,000 full-service deposit-taking locations in the U.S. and overseas.


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