Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
DeposZip gains momentum in shared branches
BURLINGTON, Mass., and SAN DIMAS, Calif. (2/2/09)--Use of DeposZip, a remote deposit capture (RDC) product, is increasing among credit unions and their members nationwide, Financial Services Centers Cooperative (FSCC) and EasCorp announced Wednesday. DeposZip allows members who have access to the Internet and a scanner to deposit checks from home at any time. Digital FCU, Marlborough, Mass., has signed up more than 16,000 RDC users since its implementation. Hanscom (Mass.) FCU went live with DeposZip last year. “RDC levels the competitive playing field with other financial service providers who have a significant brick-and-mortar branch network,” said Craig Roy, Digital FCU senior vice president of support services. “We have put a deposit-taking option in each one of our members’ homes.” Analysts predict that 30% to 50% of financial institutions will offer RDC capabilities to small-business consumers during the next four years, FSCC and EasCorp said. DeposZip is available to all credit unions, including non-shared branching credit unions. The $2 billion-asset EasCorp is located in Burlington, Mass. FSCC, a credit union Shared Branching network with 5,500 full-service deposit taking locations in the U.S., is headquartered in San Dimas, Calif.


RSS print
News Now LiveWire
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
2 hours ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
3 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
3 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
4 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
6 hours ago