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Fiserv sees surge in CU check imaging
BROOKFIELD, Wis. (10/14/11)--Fiserv Inc., a provider of financial services technology, has signed more than 30 new credit union clients for its check image-capture solution in the past 10 months. “We attribute this trend to the widespread adoption of imaging, coupled with the ongoing changes in the corporate credit union environment,” said Gary Brand, director, Source Capture Solutions, Fiserv. Velocity CU, Austin Texas, with assets of $568 million, is using Branch Source Capture from Fiserv to truncate deposits at the branch level, electronically correct and balance deposits, reconcile to the teller system and, present data and images to item-processing systems to clear, settle and post to core seamlessly. “Branch Source Capture from Fiserv allows us to offer a later cut-off time for same-day posting of deposits, which our members will appreciate,” said Velocity CU CEO Debbie Mitchell. “It also promises to reduce our check transportation costs and lower our per-item processing costs.” Source Capture Solutions is designed to enhance the reliability, versatility and scalability of image capture and check processing with a common Web-based platform. It includes branch, merchant, teller, ATM and a consumer and mobile capture on a common Web platform that allows for remote deposit capture.


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