Members Business Services Extends Relationship with VSoft for Check Imaging
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Long-standing client selects provider for additional three years ATLANTA--(Business Wire)-- VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Members Business Services (MBS) has extended its contract with VSoft for its check imaging solutions under VSoft`s ASP platform, VSoft Managed Services (VMS). A VSoft client since 2004, MBS is a credit union service organization (CUSO) based in California. MBS provides a complete suite of business lending and deposit services to 20 credit unions throughout the Western United States. With VSoft`s merchant capture solution, MBS`s credit union clients provide business members the ability to remotely capture and electronically send deposits, eliminating courier costs. Business members use a low speed scanner to capture the check images and then transfer the images and data through a secure transmission. Businesses can consolidate deposits into a single preferred financial institution, averting any geographic dependency. Funds are available sooner as personnel can simply scan the checks upon receipt. MBS also provides VSoft`s branch capture solution to its credit union clients. Credit unions capture check images and data at the branch level with small desktop scanners. The images and MICR data are then sent electronically to the central location, eliminating the need to physically transport the actual checks. Furthermore, the CUSO also offers back office services, including transaction balancing, consolidation and image exchange. Scott Burger, president and CEO of MBS, said, "Our decision to extend our contract with VSoft was based on our successful 5-year relationship with the company. At Members Business Services, we are committed to providing excellent service to our credit union clients, and VSoft has enabled us to provide them with superior check imaging solutions. Our clients are extremely pleased with the results; therefore, we will continue our partnership to ensure the same high level of service and to gain new credit union members." "Members Business Services` decision to continue with our solutions is a testament to our leadership in the credit union marketplace," said Murthy Veeraghanta, president and CEO of VSoft Corporation. "We are dedicated to providing excellent solutions that improve operations for financial institutions and allow them to provide excellent service to their members. We remain committed to providing industry-leading products that meet credit unions` needs." About Members Business Services Members Business Services is a credit union service organization (CUSO) founded in 2003 and is owned by Arrowhead Credit Union, CoastHills FCU, SCE FCU, USA FCU, USC CU and the California & Nevada Credit Union League. A comprehensive suite of Business Banking Services are offered by MBS to its 20 clients served including Business Loan, SBA Loan, and Loan Participation underwriting/servicing, Business Deposits, Online Banking, Remote Deposit and related Merchant Services. For more information, see www.membersbusiness.com. About VSoft Corporation Established in 1996, VSoft Corporation is a global provider of financial technology solutions that improve service, reduce cost and maximize efficiency. Its broad image-based solutions include distributed deposit and payment capture across all points of presentment, back office check processing, image exchange, document management, remittance and lockbox operations. Customers include banks, credit unions, savings institutions, transaction processors, governments, utilities, telecommunications and retail organizations. VSoft`s proven products and services ensure versatile and rapid delivery of solutions to mission-critical needs. Included in Deloitte & Touche`s 2007 Technology Fast 50 Program for Georgia and 2008 Technology Fast 500, the 2007 and 2008 Inc. 5000, 2008 Software 500, and recognized as a Top 10 Fastest Growing Company in Atlanta in 2008, VSoft`s solutions are used by more than 1,900 financial institutions worldwide. VSoft has received high remarks from Celent, and was selected by Bank Technology News as one of The Innovators 2007. For more information call (770) 225-7692 or visit www.vsoftcorp.com. Editor's Note: The correct usage of the company name, VSoft Corporation, is either referring to it as VSoft Corporation or VSoft, with both the "V" and the "S" capitalized. For VSoft Corporation Mary York, 678-781-7221 Copyright Business Wire 2009
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