Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Southeast Corporate image capture pilot a success
TALLAHASSEE, Fla. (5/20/08)--Southeast Corporate FCU's Virtual Deposit Merchant Capture, which lets businesses make deposits remotely into a credit union account, has undergone a successful pilot with Florida Telco CU, Jacksonville, the corporate announced Monday. The $450 million asset Florida Telco and one of its business members, a carpet cleaning company, are piloting the product and are live with Merchant Capture. "We installed a check scanner at the carpet cleaning company's headquarters," said David Marovich, business account officer at the credit union. "Our member was making a 20-mile round trip to make daily deposits at the nearest Florida Telco branch. The owner drives a Ford Expedition, and she is excited about how much she is saving on gas, let alone time," Marovich added. Business members can scan their checks for deposit at their place of business with scanners. The check images are then transmitted through Southeast's secure Web-based product. The deposits go into a separate account. Then the credit union retrieves, reviews and posts them to the member's account, Marovich said. "So far things have gone smoothly and our member loves it." He has a waiting list of businesses interested in the service. One, a medical supply company run by three women, is located in a questionable neighborhood, he said. They won't have to leave the office to make deposits. Marovich noted that the remote deposits also cost the credit union less to process.


RSS





print
News Now LiveWire
.@Nussle, Cummins share #creditunion difference with Minn. biz journal http://t.co/7EZ4FdgfD9
36 minutes ago
.@cuna #GAC2015 countdown: @USTreasury 's Gerety, @CFPB 's Martinez join power-packed lineup http://t.co/nHNJ81tGbi
1 hour ago
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
21 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
17 hours ago