Empire Corporate Implements VSoft’s eDesk

-- Branch Item Capture and image exchange reduce processing cost, increased productivity --

ATLANTA, March 15, 2006 – Empire Corporate Federal Credit Union, a not-for-profit wholesale financial service provider serving over 1,000 natural-person credit unions nationwide, has chosen to implement VSoft’s eDesk Capture, Image Archive, Research, Image Exchange products. Empire will also offer VSoft’s Branch Item Capture solution to their members allowing credit union’s branch locations to capture and exchange images onsite in compliance with Check 21 legislation.

“It is apparent that VSoft has a comprehensive understanding of the intricacies involved in the wholesale corporate credit union market,” said Nancy Virkler, senior vice president, operations, Empire Corporate. “Empire is working with VSoft to bring image capture and exchange capabilities to our member credit unions. The VSoft Branch Item Capture solution will allow our members to increase productivity, expedite check collection, and reduce some of the costs associated with processing,” continued Virkler.

VSoft’s Branch Item Capture provides full-featured, image-enabled data capture functions. Branch Item Capture enables Empire’s members to capture share draft (check) images at the branch level rather than transporting them to an operations center. 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 data can then be sent electronically to Empire’s processing location. Through the corporate’s Internet-based cash management system, all credit union members will have access to the image archive, including reports generated. VSoft’s image exchange solution allows Empire’s members to save on courier fees, while eliminating geographic service barriers for the corporate.

“Our members rely on Empire to keep them informed of important industry trends and information, and to provide them with ‘best of breed’ solutions for their item processing needs,” continued Nancy Virkler. “We feel confident that VSoft will provide top-of-the-line solutions combined with full product support.”
“The technology offered through the VSoft imaging solutions gives Empire Corporate the ability to expand their geographic footprint,” said Murthy Veeraghanta, president, VSoft Corporation. “Empire can receive and process items for credit unions nationwide, allowing their credit union members to potentially save processing costs, offer innovative services, minimize exposure to fraud, and deliver a great value to their members.”

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