Constitution Corporate Credit Union and VSoft Go Beyond Compliance, Take Check 21 to the Next Level; MyCheckImages.com Complements Day One and Day Two Solutions.Business Editors ATLANTA--(BUSINESS WIRE)--April 6, 2004 VSoft Corporation, a global information and technology provider of banking solutions, announced that Constitution Corporate Credit Union has agreed to implement its Check 21 solutions. VSoft's Check 21 product suite will allow Constitution, as a provider of item processing services to credit unions, to create MICR-readable, substitute share drafts (checks) and electronically supply share draft images to its member credit unions and the Federal Reserve. "As the deadline for Check 21 compliance approaches, our members are primarily concerned with educating their staff on the handling of substitute checks, the re-credit process and providing proper Check 21 disclosures to their members," said Noreen Noreen, or BID 590, was an off-line one-time tape cipher machine of British origin, and also used by Canada. It was widely used in diplomatic stations. See also
VSoft's Check 21 Clearing products allow credit unions to electronically send images of share drafts to central processing centers throughout the day using its Branch Item Capture product, instead of physically sending share drafts for processing at the end of the day in a single batch. The Clearing products also allow credit unions to sort share draft images through the Virtual Sorter product in a fraction of the time it takes to process share drafts through a traditional sorter. "Ensuring Check 21 compliance is only the tip of the iceberg tip of the iceberg n. pl. tips of the iceberg A small evident part or aspect of something largely hidden: afraid that these few reported cases of the disease might only be the tip of the iceberg. for VSoft customers," said Murthy Veeraghanta, president, VSoft Corporation. "Our Check 21 suite saves credit unions time and man power, allowing employees to focus on their core business, and improving customer service and daily operations." VSoft's Check 21 Clearing products allow outgoing electronic share draft images to be sent to the Federal Reserve instantly, while the Check 21 Return products allow for the Federal Reserve to return share draft images to the credit union. Constitution is also preparing to launch MyCheckImages.com, an alternative solution for Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the banking, which it developed in partnership with VSoft. MyCheckImages.com will allow credit union members to view high quality share draft images online, print images and e-mail or fax images directly from the Web, eliminating the need for paper. Constitution's members will also be able to request share draft changes online. MyCheckImgages.com complements the image archives archives Repository for an organized body of records. Archives are produced or received by a public, semipublic, institutional, or business entity in the transaction of its affairs and are preserved by it or its successors. created by VSoft's Check 21 suite and provides a medium for delivering those imaged share drafts to the credit union's members. "MyCheckImages.com enables basic Internet banking functionality, without the overwhelming cost," added Lagasse. Constitution has used VSoft's share draft imaging and research products since December December: see month. 2000. About VSoft Corporation A global information and technology provider of banking solutions, Atlanta-based VSoft Corporation has been offering scalable, flexible software since its inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. in 1996. Led by industry experts with a proven track record 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 the VSoft Advantage. VSoft Corporation has multiple products, services and support that cover back office, operations and retail banking functions. These solutions are designed to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. core efficiencies while reducing operational costs. More information about the company can be found at www.vsoftcorp.com. |
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