CommunityAmerica Credit Union Chooses VSoft for Branch Capture and Central Archive; Branch Item Capture Solution Improves Availability, Cuts Costs.ATLANTA Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. -- VSoft Corporation, a global information and technology provider of process-improvement tools for financial institutions, announced that CommunityAmerica Credit Union, one of the nation's largest credit unions serving 122,000 customers nationwide, has chosen to implement its eDesk Branch Item Capture, Genesis (Check 21), and Archive solutions. CommunityAmerica will roll out the Branch Item Capture solution to its 20 branches located in the Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , St. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. , and Topeka Topeka (təpē`kə), city (1990 pop. 119,883), state capital and seat of Shawnee co., NE Kans., on the Kansas River; inc. 1857. In a rich agricultural region, it is an important shipping point for cattle and wheat and a wholesaling, areas. VSoft's Branch Item Capture provides full-featured, image-enabled data capture functions. Branch Item Capture will enable CommunityAmerica's branch personnel to capture share draft (check) images at the branch level rather than physically transporting them to the central location. Branch personnel use small capture devices to capture the item's data and image. As checks are imaged and captured throughout the day, the images and MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. data can then be sent electronically to CommunityAmerica's central location. With the VSoft Archive solution, CommunityAmerica will have access to search and research in an image archive all checks that were captured at the branch locations, including reports generated. VSoft's Archive solution offers CommunityAmerica powerful search capabilities to quickly perform research into customer data, transaction data, and item images. Designated personnel can instantly research items and transactions from remote locations using the browser-based interface. In addition, customers can perform research into their own account over the web. "We are very excited about our partnership with VSoft," said Lynn Lynn, city (1990 pop. 81,245), Essex co., E Mass.; inc. as a town 1631, as a city 1850. Lynn is an old industrial center. The first ironworks (1643) and the first fire engine (1654) in the country were built there. Reazin, vice president of Client Services, CommunityAmerica. "Their technology will help improve our member service when researching checks as well as help improve our overall efficiency." Using VSoft's eDesk Genesis, CommunityAmeria can exchange images received from its branch locations in compliance with Check 21. eDesk Genesis allows CommunityAmerica to exchange electronic cash letters with images directly, through exchange organizations, or print substitute checks if an endpoint cannot receive electronic cash letters. "VSoft's solutions will provide CommunityAmerica with a comprehensive, end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. imaging solution," said Murthy Veeraghanta, president, VSoft Corporation. "The Branch Item Capture solution will eliminate transportation and courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. costs, while increasing system efficiencies and improving funds availability for CommunityAmerica's customers. The central Archive solution provides a very robust and reliable system for CommunityAmerica to store, research, and retrieve captured images. With minimal effort, the benefits of imaging will improve CommunityAmerica's operations as well as trickle down Trickle down An economic theory that the support of businesses that allows them to flourish will eventually benefit middle- and lower-income people, in the form of increased economic activity and reduced unemployment. to the individual customer." About CommunityAmerica Credit Union CommunityAmerica Credit Union is a full-service financial institution with more than 122,000 members nationwide. As of Dec. 31, 2005, CommunityAmerica had more than $1.5 billion in assets, ranking it among the nation's largest credit unions. Based on deposits, CommunityAmerica ranks as one of the top 10 Kansas City-based financial institutions. There are 18 CommunityAmerica branches in the Kansas City, St. Louis and Topeka areas. CommunityAmerica provides a full suite of financial products including checking, savings, loans and money market accounts. As a not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. , member-owned financial institution, CommunityAmerica can offer highly competitive rates on deposits, loans and investments.Other products and services provided by CommunityAmerica include 24-hour online banking and 24-hour telephone banking, Visa credit cards, insurance and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against products. About VSoft Corporation A global information and technology provider of process improvement tools for financial institutions, Atlanta-based VSoft Corporation has been offering scaleable, flexible solutions since its inception in 1996. Led by industry experts with proven track records in excellence, VSoft Corporation is proud of its ability to provide technology designed for easy implementation and migration from the proprietary banking systems of the past. VSoft's experienced systems integration teams ensure that every customer is met with VSoft Advantage. VSoft Corporation has multiple products, services and support that cover back office, operations, lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. processing, Check 21 legislation, and retail functions. These solutions are designed to maximize core efficiencies, while reducing operational costs. More information about the company can be found at www.vsoftcorp.com. |
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