CenterState Bank Selects VSoft’s OnView Business Deposit

Atlanta, GA - 29 March 2016

$4.8 Billion Florida-based bank enhances commercial deposit using new remote deposit capture solution

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that one of Florida’s largest publicly traded banks, CenterState Bank, has selected its OnView Business Deposit solution to offer its more than 800 commercial remote deposit capture customers the convenience of depositing multiple checks in a single deposit.

VSoft’s OnView Business Deposit extends the convenience and cost savings of electronic deposit capture and transmission to businesses that receive a regular volume of checks. Commercial accountholders will reduce preparation time, overhead, operational costs and branch visits by depositing checks using a variety of devices. The configurable platform allows institutions to set up their commercial customers to either use a tethered check scanner, mobile device, or both.

“At CenterState Bank, it is very important to provide our customers with innovative solutions,” said Jarrod Hurd, VP and treasury management director of CenterState Bank. “Our goal was to find a long term partner to help us enhance our product offerings, especially for our commercial customers. Due to recent acquisitions and growth, we needed to select a new vendor and convert our customers in a very short time-frame. After an extensive selection process, VSoft’s OnView Business Deposit solution was the best choice. Their flexibility, scalability and resources will be a tremendous asset to help our customers reduce their overall operating costs.”

OnView Business Deposit uses a single platform so the commercial client can be set-up in the same place, using the same interface. This allows CenterState to deliver a unified set of risk management thresholds and a superior experience. The solution is tailored to business’ specific needs including role-based user management and self-administration, as well as multi-location functions. It also allows the teller to focus on other revenue-driving activities while promoting less foot traffic in the branch.

“We view OnView Business Deposit as an avenue for growth for institutions,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “As a highly relevant service, it is important for institutions to offer their commercial customers an innovative solution that is designed specifically to their everyday business banking activities. We look forward to working with CenterState Bank to help reduce their cost of operations, as well as provide their customers with a cost efficient solution.”

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