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VSoft News & Events

VSoft Press Releases – 2010

Dec 23, 2010 CoreTrac, Inc and VSoft Corporation Form Alliance to
Deliver Innovative Solution

CoreTrac, Inc and VSoft Corporation Form Alliance to Deliver Innovative Solution

Integrated solution combines CRM/Sales Force Automation with core processing system

AUSTIN, TX & DULUTH, GA.—Dec. 23, 2010— CoreTrac, Inc., a leader in banking-specific Client Relationship Management (CRM)/Sales Force Automation (SFA) for community financial institutions, and VSoft Corporation, a global provider of financial technology solutions, today announced a partnership.

Under the agreement, VSoft will offer CoreTrac’s ResourceOne, a feature-rich CRM/SFA solution, as part of its core processing platform, CoreSoft. ResourceOne will manage leads and referrals, maximizing cross-sell opportunities, track goals and incentives and develop marketing campaigns for community bank and credit unions that select to leverage CoreSoft as a total banking solution.

Alan Buhler, EVP of CoreTrac, stated, “Our alliance with VSoft creates a unique opportunity to offer powerful, integrated, easy-to-use CRM/SFA to VSoft customers who truly care about achieving real business benefits from their core processing technology investment.”

“In today’s highly competitive marketplace, financial institutions must maximize every opportunity to cross-sell and manage their client base,” said Don Walton, director of business development at VSoft. “Community financial institutions realize the need for CRM/SFA is greater than ever, and more importantly, real ROI comes from selecting the right total solution. By integrating CoreTrac’s ResourceOne with CoreSoft, we can offer our customers a powerful solution.”

About CoreTrac, Inc.

CoreTrac, Inc. is a privately held corporation with its headquarters in Austin, Texas. The company is dedicated exclusively to providing its easy-to-use and affordable CRM/SFA solution, ResourceOne, to community financial institutions. ResourceOne delivers the power to manage opportunities through:

• Lead and referral tracking
• Contact and pipeline management
• Next-best product cross-sell recommendation
• Profitability tracking
• Service Center case management
• Up-to-date marketing campaigns
• Employee incentive, compensation, and goal performance tracking
• On-demand, comprehensive management reports

About VSoft Corporation

VSoft Corporation offers Core and Payment-Processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770-225-7692 or www.vsoftcorp.com.


Nov 9, 2010 Sharetec Selects VSoft for Branch, Teller, Home and
Office Imaging Solutions

Sharetec Selects VSoft for Branch, Teller, Home and Office Imaging Solutions Credit union leaders partner to maximize efficiency, productivity focusing on member service

ATLANTA, Nov. 9, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that it has partnered with Minnesota based Sharetec Systems, Inc. , a developer of core credit union software. VSoft’s teller check capture, along with its member remote deposit solution, will now be available to Sharetec’s customers through its four regional partners: Bradford-Scott Data Corporation, Data Systems of Texas, GBS Corporation and Northern Data Systems.

With more than 300 customers, Sharetec is one of the leading core solutions for credits unions in the United States. Similarly, VSoft’s imaging solutions lead the credit union marketplace with more than 4,000 branches nationwide.

“Our primary goal with this partnership is to offer integrated Check 21 services to our credit union customers and Remote Check Deposit to their members,” said Rick Ashbach, Director of Software Development for Sharetec Systems. “Both tellers and credit union members will benefit from the convenience of this integrated solution.”

VSoft’s solutions meet the needs of any credit union and generate cost savings by capturing, correcting and balancing check transactions efficiently and accurately. The teller check capture and member remote deposit solutions are part of its Straight Through Image Processing suite, which improves convenience, as well as security.

“VSoft and Sharetec are both accutely attuned to the specific needs of credit unions and their members, and together we can deliver enhanced functionality to further improve their members’ experience,” said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “Sharetec has a broad customer base, and we look forward to working with the company and its partners to help progressive credit unions expand their branch, teller, home and office offerings.”

About Sharetec System Inc.

Headquartered in Lino Lakes, Minnesota, Sharetec (www.sharetec.com ) is a leading provider of core data processing systems to credit unions. Sharetec is wholly owned by its distributors since its inception in 1993 and delivers its core solution throughout the United States via its regional business partners who are the single source of responsibility to the credit union. There are currently more than 300 credit unions using the Sharetec System, making it one of the most widely installed credit union software packages in the United States.

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Oct 4, 2010 Corporate One Offers VSoft’s Branch Capture, Image
Exchange Solutions

Corporate One Offers VSoft’s Branch Capture, Image Exchange Solutions WGE Federal Credit Union, Grand Heritage Federal Credit Union leverage correspondent services

ATLANTA, Oct. 4, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Columbus, Ohio–based Corporate One Federal Credit Union joined in an alliance to offer its services settling items captured through VSoft’s branch capture and image exchange solutions.

The agreement provides credit unions using the VSoft platform and its services with a broader choice of settling agents. Corporate One has direct clearing relationships with many of the nation’s largest banks and clearing agents, which allows it to efficiently settle items for credit unions at a significant cost savings.

Muncie, In.–based WGE Federal Credit Union and La Porte, In.–based Grand Heritage Federal Credit Union have already selected to implement VSoft’s branch capture solution and exchange their images through Corporate One. As a certified aggregator, VSoft’s technology will send the credit unions’ image cash letters to Corporate One. From there, Corporate One will settle the items.

“Corporate One is proud to offer some of the most comprehensive payments solutions for the nations’ credit unions,” said senior vice president of marketing and operations at Corporate One, Robert Coyan. “We’ve recognized our credit unions’ desire for viable options and VSoft fits perfectly with our members’ needs and our strategy for complete payment solutions offerings. Our alliance with VSoft allows credit unions to quickly implement or transition branch capture and image exchange services without any significant cost or dedication of time to install or train staff.”

Credit unions leveraging the VSoft platform through Corporate One have the flexibility to transition their clearing and settlement services without any large hardware investments. By leveraging the corporate’s infrastructure, they do not have to purchase new equipment or retrain staff.

“Corporate One is a proven, stable financial services provider, exactly what credit unions need right now to leverage the best solutions while working with tight margins,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The partnership meets a strong need in the credit union industry, as has already been evidenced by WGE Federal Credit Union and Grand Heritage Federal Credit Union signing up for our solutions in less than a month of our alliance. We look forward to working with Corporate One and helping many more credit unions improve service, reduce cost and maximize efficiency.”

About Corporate One Federal Credit Union

Corporate One Federal Credit Union is a leading wholesale financial services provider to nearly 800 of America’s credit unions. With more than $5.1 billion in assets under management, Corporate One offers correspondent services including ATM/debit cards, share draft imaging, depository and electronic payment services as well as investments to the nation’s credit unions. Corporate One also developed and manages Alliance One, one of the nation’s largest nonnetwork-specific ATM selective-surcharging groups. For more information, visit .www.corporateone.coop.

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, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.


Sep 14, 2010 VSoft and PM Systems Blend Remote Item Capture
with Internet Banking

VSoft and PM Systems Blend Remote Item Capture with Internet Banking
AFCU, HAR-CO, Sb1 and SF Police Credit Union are first to leverage home/office capture through single sign–on Internet banking

ATLANTA, Sept. 14, 2010– VSoft Corporation, a provider of process improvement solutions for financial institutions, announced a marketing agreement with Chapin, S.C. based PM Systems Corporation (PMSC), an S1 Corporation, to integrate its Home/Office and Merchant Distributed Capture solutions with PMSC’s WebFederal3 Internet Banking platform.

Arkansas Federal Credit Union (AFCU), SF Police Credit Union, HAR-CO Federal Credit Union and Sb1 Federal Credit Union are among the first credit unions to benefit from the relationship, leveraging VSoft’s Home/Office Capture solution with PMSC’s Internet Banking platform to provide members with single sign-on access through a cohesive and easy to navigate interface.

The collaboration between PMSC and VSoft enables credit unions to create an image capture Web page that matches its existing Web site design. The new page can be hosted inside the secure Internet banking site, enabling a single sign–on and providing credit unions with a unified, fully functional Web presence.

VSoft offers the complete spectrum of imaging services available in three delivery models, in–house, outsourced or Software as a Service (SaaS), to best meet the needs of each credit union. AFCU was the first to offer VSoft’s Home/Office Distributed Capture solution through PMSC’s platform, and it plans to implement Mobile Item Capture in the near future. SF Police Credit Union is replacing its core vendor’s Internet Banking system to leverage the flexibility of PMSC’s solution and VSoft’s Home/Office Capture. HAR-CO Federal Credit Union will run Home/Office Distributed Capture in-house with PMSC; it has also selected VSoft’s Teller Item Capture, Archive and Duplicate Detection solutions. Sb1 Federal Credit Union plans to run VSoft’s Home/Office Capture solution with real-time posting through the shared branching network.

“Credit Unions are becoming increasingly nimble online, and members expect them to offer best of breed solutions in an easy to navigate interface,” said Tom Campbell, Vice President of Sales for PMSC. “Our relationship with VSoft will enable our customers to further broaden their reach of quality products offered online, increasing the value and convenience they provide to members.”

“PMSC shares our strong commitment to enable today’s credit unions to compete online with any financial institution,” said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “Its virtual banking system is highly respected within the industry for its comprehensive services and user-friendly interface, which make it an excellent portal for our distributed capture solutions. Our relationship with PSMC is yet another way that we can improve service and maximize efficiency for the credit union industry.”

About PM Systems Corporation

PM Systems Corporation (PMSC), an S1 Corporation company based in Chapin, SC, fields a comprehensive virtual banking system to the financial industry, having more than 20 years of service. The company’s products include Internet Banking, electronic bill pay, multi-node online lending, security products, comprehensive online marketing systems, electronic statements, check imaging, instant online deposits, inter-institutional transfers, online account opening and much more. For more information, visit www.pmsyscorp.com.

About S1 Corporation

Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses. These organizations want solutions that can respond quickly to changes in the marketplace and help grow their businesses. For more than 20 years, S1 Corporation (NASDAQ: SONE) has been a leader in developing software products that offer flexibility and reliability. Over 3,000 organizations worldwide depend on S1 for payments, online banking, mobile banking, voice banking, branch banking and lending solutions that deliver a competitive advantage. More information is available atwww.s1.com.

About VSoft Corporation

VSoft Corporation offers Core and Payment-Processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Aug 31, 2010 VSoft Corporation Ranks on the Inc. 5000 for Fourth Consecutive Year

VSoft Corporation Ranks on the Inc. 5000 for Fourth Consecutive Year

ATLANTA, Aug. 31, 2010– VSoft Corporation, a provider of process improvement solutions for financial institutions, announced it has been named for the fourth consecutive year to the Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. The 2010 Inc. 5000 list is ranked according to percentage revenue growth from 2006 through 2009.

Over the span of the three years measured, VSoft successfully launched its outsourcing service, VServe Incorporated, and its consumer capture solution, Agile Home/Office™, helping community institutions to further improve service, reduce cost and maximize efficiency. More than 1,900 banks, credit unions and savings institutions trusted the company’s services to meet their individual needs and help them mature in spite of a down economy.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

VSoft continues to expand its business in 2010, and has already introduced a new core platform, CoreSoft, launched a Software as a Service (SaaS) delivery model for its full suite of check processing, document and reporting solutions and reached a significant milestone with 4,000 credit union branches leveraging its imaging solutions.

“We are honored to have VSoft’s growth and stability recognized by the annual Inc. 5000 for the fourth straight year,” said said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “The economic environment and changing regulations have caused banks and credit unions to place an even stronger emphasis on efficiency and service, and VSoft is prepared to meet that need for every specific business case. We are proud of our growth, and we believe we have positioned VSoft for continued expansion in years to come.”

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the Inc. 5000 for four consecutive years, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Jul 27, 2010 VSoft Announces Q1, Q2 Milestones, Revenue Growth

VSoft Announces Q1, Q2 Milestones, Revenue Growth
2010 marks introduction of new core solution, imaging solution reaches more than 4,000 credit union branches, revenue increases 26 percent

ATLANTA, July 27, 2010 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced new milestones achieved during the first and second quarters of 2010. During the period, the company introduced CoreSoft, its new core solution, reached a milestone with 4,000 credit union branches leveraging its imaging solutions, and closed its fiscal year with global revenue increases of 26 percent when compared to the fiscal year ending in 2009.

“VSoft offers financial institutions the opportunity to increase productivity and efficiency – something that is needed now more than ever,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The industry is experiencing a shift in its processes, which yields the opportunity to dramatically improve baselines by selecting more integrated, economical solutions. We look forward to setting these new, heightened standards throughout the remainder of 2010.”

CoreSoft meets an industry need to replace legacy systems with a technology that can provide seamless, real-time, high-volume and high-performance transactions across multiple channels supporting all the deposit and lending activities. The flexible solution is scalable to any size financial institution helping them attain long-term growth strategies. Virginia-based Carter Bank and Trust collaborated in the development of the solution, earning the bank and VSoft a feature in Bank Technology News’ (BTN) 9th Annual Innovator Awards issue this June.

VSoft introduced a Software as a Service (SaaS) delivery model for its full suite of check processing, document and reporting solutions in April, enabling credit unions such as Arizona Federal Credit Union to have all of the functionality of a full in-house image processing system while leveraging the infrastructure of VSoft’s data center, VSoft Managed Services. Other credit unions, including Guardian Credit Union selected its ASP platform, VServe, to handle branch item capture, image exchange and research/archiving of its images.

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 Software 500, recognition as a Top 10 Fastest Growing Company in Atlanta in 2008 and a feature in Bank Technology News’ 9th Annual Innovator Awards for its core solution. For more information call 770–225–7692 or visit www.vsoftcorp.com.


Jul 7, 2010 Cathay Bank Selects VSoft SaaS Check Processing
Model to Gain Flexibility, Control

Cathay Bank Selects VSoft SaaS Check Processing Model to Gain Flexibility, Control

ATLANTA, July 7, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Cathay Bank selected its Software as a Service (SaaS) delivery model for its suite of check processing, document and reporting solutions. Cathay Bank is one of the oldest chinese–american banks in the United States, with branches spanning the nation as well as an international presence in the Asia–Pacific Rim.

Cathay Bank has leveraged VSoft’s outsourced item processing platform for five years and decided to migrate to the company’s new SaaS platform to take advantage of all the functionality offered by a full in-house deployment while also gaining more control over the full end-to-end processing flow through VSoft’s data center, VSoft Managed Services.

“Through our continuous efforts to provide our customers with the best possible service, we performed an extensive analysis among the leading providers in the industry. We believe VSoft’s SaaS Model can provide the best solution to meet our particular short and long-term strategic goals,” said Bob Romero, senior vice president and chief information officer of Cathay Bank.

“Our SaaS platform further demonstrates VSoft’s commitment to meeting the payments needs for financial institutions of all size,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Cathay Bank realizes the true benefits that it has to offer and can have all the control they need without a hefty investment in infrastructure or ongoing maintenance requirements.”

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, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.


Jun 28, 2010 Guardian Credit Union Implements VSoft’s ASP Platform

Guardian Credit Union Implements VSoft’s ASP Platform For Check 21,
Image Processing Capabilities

ATLANTA, June 28, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that $280 million Guardian Credit Union selected its ASP platform, VServe, to handle branch item capture, image exchange and research/archiving of its images.

Prior to this, Guardian, the largest credit union headquartered in Milwaukee county, was creating and delivering costly paper cash letters for clearing and settlement. With VServe, the credit union has now eliminated paper cash letters and their associated daily courier runs and improved collection times.

Guardian executives cited VSoft’s complete spectrum of imaging services as a strong factor in their decision. The credit union plans to add a series of remote deposit capture solutions to further reduce costs and maximize efficiencies, including home office, ATM and merchant capture. Additional benefits the credit union realized include; increased functionality for its branch tellers; the ability to capture, key, balance and handle reject/repair items with ease; and duplicate detection technology.

“The advantages of migrating to a Check 21 solution were clear,” explained Dean Lampe, vice president of operations at Guardian. “With VSoft we have experienced immediate gains and have the added value of doing business with a single–source provider that can support us well into the future.”

“It is our goal at VSoft to provide the service and delivery channels that enable credit unions like Guardian to reduce cost and maximize efficiency according to its individual business strategy,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Furthermore, we are committed to being a trusted partner as the credit union continues to expand its payment services. Guardian provides an excellent example of a successful financial institution: one that is maximizing its processes for an immediate gain with aggressive improvements planned for the future.”

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, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.


Jun 14, 2010 Bank Technology News Features VSoft in 9th Annual Innovators Award

Bank Technology News Features VSoft in 9th Annual Innovators Award –CoreSoft, a powerful yet cost-effective core processing system, receives front–page recognition –

ATLANTA, June 14, 2010 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that it was ranked among the companies featured in Bank Technology News’ (BTN) 9th Annual Innovator Awards issue. The honor, announced in June ’s issue of BTN, recognizes the efforts of VSoft and Carter Bank and Trust, a community bank based in Virginia with an asset size of $3.4 billion as of December 2009, for collaboratively building CoreSoft, a high-performance, high-value core processing system. Murthy Veeraghanta, chairman and managing director, VSoft Corporation, and Worth Harris Carter, Jr., chairman of the board and president of Carter Bank and Trust, share the cover page story of this prestigious issue.

“We are honored to be named to BTN’s esteemed list once again,” Veeraghanta said. “This award is proof of VSoft’s unflinching commitment to developing innovative platforms for the financial services industry even in these tumultuous times. We are proudest, however, to be sharing this award with Carter Bank and Trust, a true partner who believed in our capabilities at a time when we had no prior experience in building a core processing system. Everyone at VSoft and Carter Bank and Trust contributed to our success with their effort and support in making CoreSoft a robust solution to handle banking needs for any financial institution.”

VSoft, working closely with Carter Bank and Trust on design and implementation specifications, drove CoreSoft to full production in the spring of 2010. The solution was developed and deployed in multiple phases over a period of time to reduce conversion risks. VSoft launched CoreSoft to the community banking marketplace at the ICBA National Convention & Techworld in Orlando, Florida on March 17, 2010.

CoreSoft is a browser-based system that includes multiple delivery channel support, optional realtime transactions, 24/7 availability, proven regulatory compliance standards, and powerful reporting capabilities. It seamlessly integrates with third party software solutions while also providing a comprehensive 360-degree view of customer relationships in a secure environment, thus improving productivity and enhancing efficiency as compared to legacy systems. CoreSoft’s implementation cost is about one-third the cost of rival platforms and its flexibility and customizable reports offer further cost saving and convenience to financial institutions.

About Bank Technology News

Bank Technology News, the industry’s source of technology coverage, provides critical information and analysis on the relationship between banking strategy and technology execution at financial institutions.

This monthly tabloid focuses on the players, companies and innovations that enable institutions to meet compliance guidelines and establish benchmarks by which their performance and regulatory compliance will be enhanced. Each issue profiles individuals, institutions, trends and innovations shaping today’s banking technology landscape.

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, and governments. 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, 2008 and 2009 Inc. 5000; 2008 Software 500; and recognized as a 2008 Top 10 Fastest Growing Company in Atlanta by Atlanta Business Magazine, VSoft provides solutions 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.


Jun 1, 2010 UBI Implements VSoft’s Branch Item Capture

UBI Implements VSoft’s Branch Item Capture Solution to provide significant cost savings and enhance customer service

ATLANTA, June 1, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that $63 million UBI, a community federal credit union based in Plainville, Conn., implemented VSoft’s Branch Item Capture solution. With VSoft’s solution, UBI can efficiently capture check images at its branch locations and electronically transmit the images and the data to its central site.

“We just couldn’t see continuing to pay someone else to do work we could do ourselves (in house),” said Jonathan Zulkeski, chief information officer at UBI. “VSoft made the implementation very smooth. Quicker funds availability, and a familiar teller interface tied directly to the Federal Reserve Bank will increase our productivity, and, as a result, enhance member service.”

Routing electronic images through UBI’s central location eliminates geographic boundaries and the need to physically transport checks. The Check 21 solution enables the credit union to produce electronic cash letters for exchange directly with other financial institutions or through exchange organizations. It will also be able to accept returned items as images, removing the timely process of handling and processing paper items.

“VSoft has been working directly with credit unions for more than 10 years, and we understand the level of service that truly community-oriented institutions need,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “UBI can now leverage our branch capture solution to further enhance member service and enjoy the added benefit of significant process efficiencies, thereby becoming more competitive.”

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, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.


Apr 13, 2010 VSoft Introduces SaaS Model to Increase Image
Processing Delivery Options

VSoft Introduces SaaS Model to Increase Image Processing Delivery Options Arizona Federal leverages VSoft platform, gains flexibility and control

ATLANTA, April 13, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, today introduced a Software as a Service (SaaS) delivery model for its suite of check processing, document and reporting solutions. VSoft’s SaaS model provides financial institutions with item capture and image processing solutions that have all of the functionality of a full in-house deployment while leveraging the infrastructure of VSoft’s data center, VSoft Managed Services.

“Our SaaS model meets a strong demand in the financial industry to have the control needed to manage a complete imaging platform without having the capital expenditures and economic burden of hardware maintenance,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “In addition, VSoft’s imaging solutions make the model very attractive to community banks and credit unions that are looking to expand their payments offerings. Additionally, the synergy of consolidated image-processing services on one platform will reduce costs.”

Phoenix-based $1.6 billion Arizona Federal Credit Union selected to leverage this model for its image-based item processing. The credit union will take advantage of VSoft’s data center architecture, disaster recovery provisions, and system maintenance, while still having the administration and daily operations access and flexibility of an in-house solution.

“Arizona Federal is dedicated to meeting our members’ financial needs by expanding services available to them without increasing the credit union’s costs. VSoft’s SaaS model is a great fit for our business,” said Randy Baldwin, CFO at Arizona Federal. “VSoft is the only provider we found that could offer a complete suite of easy-to-use and easy-to-implement imaging solutions in the SaaS model, enabling us to have all the control we need without a hefty investment or maintenance requirements.”

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, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.


Mar 17, 2010 VSoft Debuts CoreSoft

VSoft Debuts CoreSoft Core banking platform meets industry need for flexibility, compliance, open integration, performance

ORLANDO, March 17, 2010– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, introduced CoreSoftTM today at the ICBA National Convention & Techworld. The new core solution meets an industry need to replace legacy systems with a technology that can provide seamless, real-time, highvolume and high-performance transactions across multiple channels supporting all the deposit and lending activities. The flexible solution is scalable to any size financial institution aiding them in attaining long-term growth strategies.

“Today’s savvy financial institutions are honing their focus on business agility as a strategic differentiator in trying to gain a competitive edge,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “They need solutions with ingenuity and speed to react to changing market conditions while also getting a quick return on investment. CoreSoft meets that need for a transformation in banking processes. The results are improved operational efficiencies, enhanced customer service, a proactive approach towards risk mitigation and strong reductions in operating costs.”

CoreSoft is a browser-based system that includes multiple delivery channel support, optional real-time transactions, 24/7 availability, proven regulatory compliance standards, and robust reporting capabilities, such as functional, informational, design and deployment perspectives. It seamlessly integrates with third party software solutions while also providing a comprehensive 360-degree view of customer relationships in a secure environment, thus improving productivity and enhancing efficiency as compared to legacy systems. CoreSoft also enables financial institutions to widen their reach with multiple delivery channel support.

According to Worth Harris Carter, Jr., chairman of the board and president of $3.4 billion Virginia-based Carter Bank and Trust, “When we began working with VSoft, we did not find a vendor, we found a true partner. VSoft listened to us, worked with us, and believed that if we succeeded, they would succeed. We have worked together for many years, always building on each other’s strengths. CoreSoft is going to be a catalyst for any financial institution that wants to remain competitive in this new banking era.” Carter Bank and Trust leverages CoreSoft in its 124 branch offices, as well as in its operation facilities.

CoreSoft’s open architecture design enables financial institutions to offer a full suite of products from lending and deposits to retail delivery. The solution can be implemented as an in-house solution, giving financial institutions the freedom to maintain and configure hardware preferences, or as an outsourced model, providing significant capital cost savings at VSoft’s data center, VSoft Managed Services using one of two models ASP (application service provider) or SaaS (software as a service.)

Veeraghanta, continued, “Listening to your customers and developing the solutions they need is paramount in today’s banking environment. We recognize the increased demand for efficiency, accuracy and compliance in banking and have created CoreSoft to address those concerns. The core platform gives bankers the solid foundation they need in order to get the end-to-end features and smooth functionality they want. As a result, they will have the ability to integrate all disparate and self-contained services into a flexible, scalable foundation.”

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 core processing, distributed deposit and payment capture across all points of presentment, back office check processing, image exchange, document management, and 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 the 2007, 2008 and 2009 Inc. 5000, the 2008 and 2009 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. For more information call 770.225.7692 or visit www.vsoftcorp.com.

About Carter Bank & Trust

Carter Bank & Trust (CB&T), with assets over $3.4 billion, was formed in 2006 through the merger of ten financial institutions with 124 offices strategically located across Virginia and North Carolina. Carter Bank & Trust identifies and implements ways to make life easier for its customers by providing new products and services and increasing access by opening additional offices in new markets. For more information visit www.carterbankandtrust.com.