NEW YORK and ATLANTA (8/17/12)--Viewpointe, a provider of electronic content management and exchange services, and VSoft Corp., an information and technology provider of process improvement solutions for financial institutions, announced that VSoft is now a member of the Viewpointe network for exchange services.
The relationship benefits both organizations because they each offer their customers a network of exchange partners, the companies said. It provides VSoft clients with access to a clearing-and-settlement solution with Viewpointe Clearing, Settlement & Association Services rules coverage, common business practices through a single multilateral agreement, and settlement using the National Settlement System.
Through the Viewpointe membership, VSoft clients will have access to three of Viewpointe's principal payment services in the marketplace:
- Pointe2Pointe--for image exchange services;
- National Settlement System--for a real-time, Internet-based net settlement system for all electronic transaction types; and
- Association Services--which provides education and support for all payments network participants.
With the Viewpointe deal, VSoft said it will be able to consolidate its clients' exchange activity through a dedicated channel, eliminating the need to establish a complex structure of connections with each financial institution. An established exchange relationship with Viewpointe allows VSoft to provide each client an economical model for check-image exchange and settlement, Viewpointe said.