R.I.A. Federal Credit Union Selects VSoft for Branch Item Capture, Image Exchange Solutions

Atlanta, GA - 27 June 2012

VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, have announced that Rock Island, Ill.-based R.I.A. Federal Credit Union has selected its branch item capture and image exchange solutions.

R.I.A. Federal Credit Union chose to deploy VSoft’s branch item capture solution as an outsourced model, which enables a seamless transition of its check processing to VSoft’s data center, VServe. The solution gives the credit union the ability to capture deposits in the back office, streamlining processes and reducing internal expenses. The credit union will also benefit from VSoft’s branch item capture, inclearings/shared drafts, out returns, archive/research and cash lettering services.

“We selected VSoft for the flexibility of its deployment models and ability to integrate with our current systems,” said Larry Coverstone, president of R.I.A. Federal Credit Union. “In addition to delivering features and ease of use beyond what other vendors could provide, VSoft’s options for home banking interface, ATM, home office and mobile capture will allow us to implement additional remote deposit capture solutions as we choose to expand in the future.

“Leveraging VSoft’s outsourced branch item capture platform provides R.I.A. Federal Credit Union with full functionality and control over the system without requiring a large capital investment,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “We are committed to working with our clients to accommodate their immediate business objectives while also supporting long-term strategies and further improving performance. Delivering a variety of scalable deployment options positions us to grow with our clients, offering a trusted and lasting partnership.”

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