Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
EasCorp introduces mobile check deposits
BURLINGTON, Mass. (1/27/10)--Eastern Corporate FCU (EasCorp) and its wholly owned subsidiary, Vertifi Software, have expanded their remote deposit capture service to include mobile deposits. The new service, DeposZip Mobile, went live last week at Torrance (Calif.) Community CU. The service relies on downloadable software applications that can be used on smartphones. An iPhone application is available from the App Store and another application is being developed for Google’s Android platform. Vertifi developed the software as a plug-in to the credit union’s mobile banking service. Members use the built-in camera to acquire the check images. Checks are processed electronically through Vertifi, and deposits are posted to members’ accounts in real time. DeposZip was developed for desktop scanners in 2007 by EasCorp as the first remote deposit capture services for consumers and was made commercially available to and through financial institutions as a hosted service, EasCorp said.


RSS print
News Now LiveWire
Also carved out from the @TheNCUA fixed-asst plan, CUs with less than $1 million in assets.
4 minutes ago
Fixed-asst rule relief would not apply to federally insured, state-chartered credit unions.
12 minutes ago
.@TheNCUA Ch Matz says intent is to allow CUs to manage fixed assets without NCUA "micromanaging" the purchases of fixed assets.
15 minutes ago
Under this fxd-asst proposal, @NCUA says to exceed 5% cap a CU would need a plan or program.
17 minutes ago
The new proposal was drafted, in part, due to comments received in 2013 on a technical corrections rule approved by NCUA on fxd-assts.
19 minutes ago