MONETT, Mo. (7/5/11)--ProfitSars, a division Jack Henry & Associates Inc., a computer systems and electronic payment provider, has introduced a solution that allows credit unions to offer members the option to deposit checks from a smartphone, camera-enabled tablet device or flatbed scanner. The hosted technology features end-to-end security and accuracy and compliance services that will be maintained and updated with changing regulations. Remote Deposit Anywhere can complement financial institutions’ existing Enterprise Payment Solutions platform or be implemented as a stand-alone solution. It can be customized based on business-sized and personal-sized checks, velocity preferences, and limits for mobile-based transactions and traditional deposits. ProfitStars has a Remote Deposit Capture Knowledge Center available online to assist customers and prospects with achieving all of the benefits of remote deposit capture. The knowledge center disseminates information to any financial institution interested in offering remote deposit.
MURRIETA, Calif. (7/5/11)--CUTEK Inc., a financial technology services provider and consultant, helps merging credit unions integrate Symitar Epysis systems. The technology consultant recently completed its second merger in four months with $317 million-asset SkyOne FCU, Hawthorne, Calif., and assisted $358 million CBC CU, Oxnard, Calif., with its recent merger. CUTEK provides a blueprint or a conversion that brought every department into the merger process, according to Jim Susha, CEO of CBC FCU. CUTEK recommended strategies for mapping, conversion and testing of Symitar data and strategies and suggested ideas for dealing with automated clearinghouse and draft files, Susha said. “They have previous experience with the Symitar merge program that was extremely beneficial,” Susha added. “CUTEK convinced us we would be in a stronger position following the Symitar path than using another vendor’s proprietary approach.” “Each merger--two with SkyOne and one with CBC--was performed with different options,” CUTEK President Ron Murray explained. “CBC was mostly consulting in a ‘how-to’ role. SkyOne’s first merger was a full-service merge where we did analysis crossovers and programming. In SkyOne’s second merger, they took what they learned from us in their first merger and did their own analysis and crossovers, while we provided programming and support.”