Terrabank, N.A. Outsources Complete Suite of Remote Deposit Capture Solutions to VSoft’s Data Center

Atlanta, GA - 3 April 2012

South Florida Bank Leverages VSoft Options for Remote Deposit Capture, Check Processing Functionality to Improve Service, Broaden Footprint

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Miami-based Terrabank, N.A. selected VSoft’s data center, VServe Inc., to provide a full suite of remote deposit capture technology and check processing solutions.

Terrabank chose VSoft for its solutions’ scalability, flexibility and capacity to grow with the bank. Outsourcing the technologies to VServe ensures quality transaction handling across the entire item processing workflow with minimal in-house demands. VServe offers high capacity network systems that deliver a dependable infrastructure and is staffed by operations experts, network architects and application administration managers to provide customer support 24 hours a day, seven days a week.

Terrabank’s customers, particularly small business and retail customers, will enjoy increased convenience by taking advantage of VSoft’s remote deposit capture solutions which provide the ability to capture check images from any location and send them directly to the bank. The bank’s customers will also receive e-statements with check images through home banking.

Within Terrabank’s branches, VSoft’s back counter capture solution will capture high volume deposits behind the teller line, correcting and balancing transactions at the branch to reduce internal costs and minimize errors. Terrabank will also leverage VSoft’s solutions for inclearings, returns and automatic signature verification. VSoft’s image workflow will boost the bank’s efficiency and productivity.

“We’ve made excellence in personal service our hallmark for more than 25 years,” said Maria Elena Riera, executive vice president and chief financial officer for Terrabank. “Using VSoft’s full range of check capture solutions we can continue to provide quality service for our retail and small business customers whether they are in our branches, at work, at home or truly mobile. VSoft’s RDC and home banking solutions will enable us to enhance our current offerings, as well as add progressive banking options. The ability to deliver new services, while also improving our back end check processing will propel both customer retention and growth.”

“Terrabank is dedicated to progressive service, and outsourcing the full range of day one and day two image processing will provide the bank with everything it needs to capture, validate, clear and exchange images for a minimal investment,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “This infrastructure positions the bank to experience great growth with ease. Additionally, the added services will enhance its competitive position among regional and local institutions.”

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