VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Synergent, a leading credit union services provider in the northeast regional credit unions, has chosen to add Merchant Capture to its existing check imaging solutions from VSoft.
âSynergent has realized much success from VSoftâs solutions in the past, which is why we decided to enhance our capabilities with the iMerchant Capture solution,â said Hunter King, senior vice president of Synergent. âWe have significantly expanded our member base by eliminating geographic restraints for our credit unions. Not only have we acquired new credit unions, but we have also recaptured credit unions previously lost.â
The web-based iMerchant Capture solution allows credit union members to provide their business customers with the ability to remotely capture and electronically send deposits, eliminating courier costs. Business customers use a low speed scanner to capture the check images and transfer the images and data through a secure transmission. Businesses can consolidate their deposits into a single preferred financial institution, averting any geographic dependency. Funds become available sooner as personnel can simply scan the checks as they receive them.
âSynergent has been a long-standing customer of ours, and we were pleased with their decision to expand on their VSoft check imaging solutions,â said Murthy Veeraghanta, president of VSoft Corporation. âBy adding merchant capture capabilities, Synergent can deepen their relationships with credit unions and help them grow commercial business services.â