Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Rebate check mailing drives CUs remote deposit
BURLINGTON, Mass. and UNIVERSAL CITY, Texas (6/25/09)--Credit unions looking to launch at-home remote-deposit check-capture solutions may want to take note of a credit union that launched its remote deposit when it mailed out annual rebate checks. Randolph Brooks FCU (RBFCU) launched its DeposZip remote deposit solution when it mailed members’ annual debit card rebate checks, which resulted in 7,800 users registering for remote deposit. The credit union did not plan for the two to coincide, but decided to take advantage of the opportunity, according to Mary O’Rourke, RBFCU assistant vice president of member service operations. “We were able to pitch remote deposit capture at the same time we provided members something in their hands that they could directly scan,” O’Rourke added. Remote deposit allows consumers to deposit their money into accounts at any time and anywhere they have access to the Internet and a scanner, RBFCU said. RBFCU, Universal City, Texas, has a mobile primary membership base. Military transfers and deployments are common, so the credit union is a good fit for remote deposit, said George Dow, vice president of business development at EasCorp. The corporate credit union developed DeposZip. RBFCU members have made more than $8 million in remote deposits since the credit union deployed DeposZip in February.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
2 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
4 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
4 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
4 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
5 hours ago