Union Bank first introduced remote deposit feature to its business customers in 2006.
Union Bank senior vice president and manager of product management and development Michael Anderson said that remote deposit is an important strategic initiative that strengthens Union Bank’s national presence and processing capabilities.
"In VSoft we found a partner who shares the same strategic vision and product roadmap to offer a fully integrated remote deposit capture across market segments. In addition to expanded product capability, VSoft also provides the bank the tools to satisfy regulatory requirements," Anderson said.
VSoft Corporation chairman and managing director Murthy Veeraghanta said that Union Bank has an aggressive marketing plan for its remote deposit capture solution and VSoft’s solutions enable it to add functionalities that meet the needs of individual market segments.
VSoft Corporation is a information and technology provider of process improvement solutions for financial institutions. The image-based solutions include distributed deposit and payment capture across all points of presentment, back office check processing, image exchange, document management, and remittance and lockbox operations.
