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VSoft News & Events

VSoft Press Releases – 2011

Dec 6, 2011 – Meriwest Credit Union Selects Full Suite of VSoft
Remote Deposit Capture Solutions

Meriwest Credit Union Selects Full Suite of VSoft Remote Deposit Capture Solutions SaaS model delivers full functionality and control for back counter, teller and ATM remote deposit capture

ATLANTA, Dec. 6, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that San Jose, Calif.-based Meriwest Credit Union selected its back counter, teller and ATM remote deposit capture (RDC) solutions.

In need of a replacement for its in-house system, Meriwest chose to deploy VSoft’s suite of RDC solutions via a Software as a Service (Saas) model. VSoft’s hosted delivery system provides the credit union with comprehensive item capture functionality without the cost or required maintenance associated with a full, in-house deployment.

“We decided to replace our previous system and add VSoft’s RDC solutions to improve operations, better serve members and attain our growth objectives,” said Hudson Lee, CFO, Meriwest Credit Union. “We selected VSoft for its flexible RDC solutions and module approach, which will enable us to seamlessly add technology in the future as we expand our service offerings.”

VSoft’s RDC solutions allow Meriwest to capture, correct and balance deposits quickly and securely from both the teller window and back office. The credit union will also have the ability to receive and process data from image-enabled ATMs.

“Our SaaS platform delivers the most advanced RDC solutions available, while allowing financial institutions to maintain full control of their transaction processing,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The efficiencies and cost savings delivered by our RDC solutions will enable Meriwest to bring new offerings to market faster, helping the credit union deliver enhanced service to its members.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Nov 1, 2011 – VSoft’s VServe Data Center Exceeds 75 Customers

VSoft’s VServe Data Center Exceeds 75 Customers Financial solution provider’s outsourcing division continues steady growth

ATLANTA, Nov. 1, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that the company has surpassed 75 customers at its global data center VServe. Customers include Public Service Credit Union of Denver, San Francisco–based Union Bank, Oswego, Ill.–based Allied First Bank and Milwaukee, Wisc.-based Great Midwest Bank.

VServe provides VSoft’s full suite of check and core processing software solutions to bank and credit union customers of all sizes. Financial Institutions can take advantage of an outsourcing alternative with VServe, which offers high capacity network systems that deliver a dependable infrastructure, and is staffed by operations experts, network architects and application administration managers to provide customer support 24 hours a day, seven days a week.

“Partnering with VServe to host our branch capture product provided us with a best-case scenario that we felt was tailor-made to fit our needs,” said Mark Loeffel, vice president of Great Midwest Bank. “Maximizing efficiency with check processing is an important initiative for any bank, and VSoft provides forward-looking solutions with the tools to satisfy operational and strategic requirements.”

VSoft solutions handle complete, end-to-end processing to ensure efficient, quality transaction processing. The company expanded its deployment options with VServe in 2010 in addition to its in–house and partner offerings.

“Exceeding 75 VServe customers represents a significant milestone, and we look forward to working with many additional institutions to maximize efficiency and cost savings through technology enhancements,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “VServe is equipped to protect critical information and through proactive monitoring mitigates risk and ensures regulatory compliance. The cost reduction and increased flexibility offered by VServe enable financial institutions to easily bring new products and services to market without a large capital investment.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Oct 24, 2011 – Security Service Federal Credit Union Selects VSoft
Remote Deposit Capture Solutions

Security Service Federal Credit Union Selects VSoft Remote Deposit Capture Solutions Credit union enhances employee, member satisfaction with back counter and ATM RDC, positions for further growth

ATLANTA, Oct. 24, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that San Antonio -based Security Service Federal Credit Union selected its back counter capture and ATM remote deposit capture (RDC) solutions to decrease response times and thus improve employee and member experiences.

Security Service chose VSoft for the superior functionality of its digital dashboard, which enables the credit union to monitor a wide range of parameters and ensure efficiency. Security Service also selected VSoft’s image exchange solution, as well as its application for image-enabled returns. Additionally, VSoft’s framework positions Security Service to easily and quickly implement additional teller and RDC solutions in the future, such as home/office, merchant and mobile capture solutions.

“Our ultimate goal has always been to provide first-class service for our members by giving our employees the tools they need to deliver that service. We continually look for ways to enhance efficiency and convenience,” said Barbara Taylor, vice president of Payment Services, Security Service Federal Credit Union. “The quick response time we get from VSoft’s solutions enables our employees to remain focused on providing a positive member experience. The single platform will make additional technology implementations simpler, allowing us to add progressive solutions and uphold our commitment to constant improvement.”

Murthy Veeraghanta, chairman and CEO, VSoft Corporation, added, “Our multi-channel image processing solutions manage the complete image flow process and ensure secure delivery, giving Security Service the flexibility to concentrate on the members and their needs. By providing back counter and ATM RDC we are able to accommodate Security Service’s growth strategy, and we are poised to better support the credit unions initiatives into the future.”

VSoft’s RDC solutions capture high volume deposits and automatically correct and balance workflows, improving accuracy and reducing teller workload.

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.

About Security Service Federal Credit Union

Security Service Federal Credit Union offers competitive, affordable financial products and services designed to meet the needs of its members. Security Service is an industry-leading financial institution with more than $6.5 billion in assets and more than 850,000 members in Texas, Colorado, Utah and around the world. Headquartered in San Antonio, the credit union is among the top ten credit unions in the nation and the largest in Texas and San Antonio. Security Services strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org or call 1-800-415-7878.


Oct 11, 2011 – Evans Bank Selects CoreSoft to Replace Legacy
Platform

Evans Bank Selects CoreSoft to Replace Legacy Platform VSoft core banking platform will help bank gain a competitive edge with speed to market, customer insights

CHICAGO, Oct. 11, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that $700 million Evans Bank selected CoreSoftTM to replace its legacy core platform.

Hamburg, N.Y.-based Evans Bank was looking for a more flexible, performance-driven platform that would boost its competitive edge by improving customer service and enhancing its speed to market for new services and tools. After carefully analyzing several available core platforms, the bank selected VSoft because of its technology advantages, its flexible, scalable foundation and its commitment to the financial industry.

“Our current platform was developed nearly 20 years ago, and we realized a change was necessary to differentiate ourselves and enhance our competitiveness strategically. We needed a provider that could deliver the robust product capabilities on a system that is easy to understand, use and support,” said David Nasca, president and CEO of Evans Bank. “We are pleased to work with VSoft for our new core platform, and believe that the Partnership will provide the expertise and support that we need to excel.”

Howard Martin, CIO of Evans Bank, noted, “CoreSoft is a browser-based system developed in service-oriented architecture that will support Evans Bank’s multiple delivery channel real-time transactions, and provide proven regulatory compliance standards and robust reporting capabilities. CoreSoft has advanced systems features and technology supporting best of breed system integrations.” Mr. Nasca continued, “The bank plans to leverage CoreSoft’s comprehensive 360-degree view of customer relationships with next generation CIF to improve service, ensure continued customer retention and accommodate growth in the Western New York marketplace.” It is expected that this new core platform will be implemented during the second half of 2012.

“As a growing community institution dedicated to fostering relationships with customers and their communities, Evans Bank is an excellent fit for CoreSoft’s open and performance enhancing infrastructure,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The platform is designed for community-focused financial institutions, enabling them to meet their immediate goals while also providing them with the needed flexibility and scalability to attain long-term growth strategies.”

CoreSoft can be implemented as an in-house solution, giving any financial institution the freedom to maintain and configure hardware preferences, or as an outsourced model, providing significant capital cost savings at VSoft’s data center, VServe, using one of two models ASP (application service provider) or SaaS (software as a service).

About Evans Bancorp, Inc.

Evans Bancorp, Inc. is a financial holding company and the parent company of Evans Bank, N.A., a commercial bank, with $703 million in assets, 13 branches and $587 million in deposits at June 30, 2011. Evans is a full-service community bank providing comprehensive financial services to consumer, business and municipal customers throughout Western New York. Evans Bancorp’s wholly-owned insurance subsidiary, The Evans Agency, Inc. provides property and casualty insurance through 13 insurance offices in the Western New York region. Evans Investment Services, Inc., a wholly-owned subsidiary of Evans Bank, provides non-deposit investment products such as annuities and mutual funds. Evans Bancorp, Inc. and Evans Bank routinely post news and other important information on their Web sites at www.evansbancorp.com and www.evansbank.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, 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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Sep 27, 2011 – Consumers Credit Union Selects VSoft Remote
Deposit Capture Solutions

Consumers Credit Union Selects VSoft Remote Deposit Capture Solutions Solutions support strong member and merchant services, while gaining branch efficiencies throughout core conversion

ATLANTA, Sept. 27, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Lake County, Ill.-based Consumers Credit Union has chosen its merchant remote deposit capture (RDC), home/office and mobile RDC, and branch item capture solutions.

With more than $500 million in assets and approximately 51,000 members, Consumers Credit Union is one of the largest credit unions in Illinois and it needed a full suite of RDC solutions with flexible delivery models to support it throughout a core conversion and future growth.

“VSoft’s solutions have features and functionality far beyond those offered by other providers in the market,” said Sean Rathjen, president and CEO of Consumers Credit Union. “The RDC products are able to accommodate both our current needs and long term objectives. The company became a reliable partner during our core conversion, enabling us to enhance our service levels and efficiency immediately, all without interruption to our other activities.”

Consumers Credit Union is deploying VSoft’s merchant, home/office and mobile capture products to give members the convenience of making transactions from their office, store, home or any location using any smartphone or tablet device. VSoft’s branch item capture product, which will be deployed as an outsourced, ASP model, captures, corrects and balances transactions to reduce back-office and transportation expenses. The solution will enable the credit union to migrate from its ASP branch capture system to an in-house system once its core conversation is complete if the credit union determines those operations would be more beneficial.

“As a forward thinking institution, Consumers Credit Union understands the importance of having progressive, self-service solutions available to its members and businesses, despite changes in its core,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “By offering various deployment options and the ability to interface seamlessly with third parties and core systems, our branch and remote deposit capture solutions allow Consumers Credit Union to take advantage of advanced services that provide both immediate and future benefits.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Sep 21, 2011 – Five Credit Unions Migrate to VSoft’s Global
Data Center

Five Credit Unions Migrate to VSoft’s Global Data Center VServe supports transition of credit unions varying from $30 million to $4 billion in assets

ATLANTA, Sept. 21, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that five credit unions selected to transition their current VSoft check processing solutions to the company’s global data center, VServe. The group of credit unions leveraging VServe include Indiana-based LaPorte Community Federal Credit Union with $30 million in assets; Elgin, Ill.-based Kane County Teachers Credit Union with $170 million in assets; Miami-based University Credit Union with $170 million in assets; Greater New Orleans Credit Union with $107 million in assets and Farmingville, N.Y.–based Teachers Federal Credit Union with more than $4 billion in assets.

Prior success with VSoft’s check processing solutions led to the credit unions’ decision to migrate their services to VServe, enabling them to expand the technology offerings provided to the respective members. VServe, an outsourcing alternative that delivers VSoft’s full suite of check and core processing software solutions, features high capacity network systems with a dependable infrastructure. Operations experts, network architects and application administration managers run the data center and are available for customer support 24 hours a day, seven days a week.

“VSoft offers the latest in automation technology for check processing, and we are confident that implementing its solutions will greatly improve our back-end operations,” said Jeremy Shipley, CFO and vice president of Finance for Kane County Teachers Credit Union. “Transitioning our current solutions to VServe allows us to maintain VSoft’s high quality services, and also gives us the option to add additional technology that further enhances the ease of banking for our members.”

Each credit union will shift several processing solutions to VServe including branch item capture, image exchange for inclearing and cash letters, as well as research and archive applications. The credit unions will also operate VSoft’s home banking interface through the data center.

“The efficiencies we have gained from VSoft’s comprehensive check processing solutions made the decision to move our services to VServe an easy one,” said Sharon Gaul, CEO of LaPorte Community Federal Credit Union. “With just one branch it is paramount for us to maximize efficiency and focus on providing quality member service. VServe enables us to work with the same VSoft solutions we have come to rely on; ones that are easy to use and also provide a wealth of resources at our fingertips.”

“By converting services to VServe, this group of credit unions will experience a seamless transition and capitalize on the efficiency, flexibility and cost savings afforded by our data center,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “VServe enables the credit unions to easily and quickly implement technology enhancements and deliver new products to their members.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Sep 15, 2011 – VSoft Named in Inc. Magazine’s Inc. 5000 and
Software Magazine’s Software 500

VSoft Named in Inc. Magazine’s Inc. 5000 and Software Magazine’s Software 500 Top rankings attest to growth, stability of technology provider

ATLANTA, Sept. 15, 2011 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that it ranked on the Inc. 5000 list for the fifth consecutive year, and on the Software 500 ranking for the fourth consecutive year.

Inc. magazine’s list represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs. In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.

The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers, targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The 500 companies named total $541.5 billion in revenue worldwide for 2010, representing 10 percent growth from the previous year’s list. Like VSoft, 27 percent of the 2011 Software 500 companies are privately held.

“Being ranked on both the Inc. 5000 and the Software 500 for several years running is a great testament to VSoft’s continued growth and stability,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “We are grateful to have many trusted bank and credit union partners that have made VSoft what it is today. In return, we pledge our ongoing dedication to continually improving service, reducing cost and maximizing revenues for financial institutions.”

The 2011 Inc. 5000 list is featured in the September issue of Inc. and will be available on newsstands from August 23 to November 15 and also on Inc.com. The Software 500 list will be featured in the 2011 fall quarterly issue scheduled to be released at the end of September and also on Softwaremag.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, 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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Sep 7, 2011 – Velocity Community Credit Union Improves Member
Experience With VSoft RDC Solutions

Velocity Community Credit Union Improves Member Experience With VSoft RDC Solutions Home/office and mobile RDC to increase convenience, promote member growth

ATLANTA, Sep. 7, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Velocity Community Credit Union in Palm Beach Gardens, Fla. selected VSoft’s home/office and mobile remote deposit capture solutions.

Velocity wanted to implement progressive RDC services to promote retention by improving the member banking experience while attracting new members to the credit union. In addition to offering highly advanced technology, Velocity selected VSoft for its ability to seamlessly integrate with the credit union’s Internet banking provider.

VSoft’s mobile remote deposit capture solution expands the convenience of banking for Velocity members, enabling them to manage accounts from any location using a smartphone. The userfriendly, secure mobile application provides item tracking, approvals and image handling, as well as comprehensive validation features selected by the credit union. Additionally, VSoft’s home/office capture solution will enable Velocity members to deposit checks at any time from their home or office. The fully automated workflow captures, validates, balances and sends deposits to greatly reduce transaction costs.

VSoft offers the latest technology as well as the functionality we were looking for in an RDC solution, allowing us to bring modern banking options to our members,” said Jeff Marshall, president of Velocity Community Credit Union. “In today’s competitive market it is paramount to offer new and innovative services, and VSoft’s RDC solutions give us the opportunity to stay ahead of the game by providing convenient banking tools that work in conjunction with our existing platforms.”

“Implementing mobile and home/office remote deposit capture reinforces Velocity’s dedication to improving the financial lives of its members,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “These services add the convenience needed to maintain the credit union’s competitive momentum. Velocity’s focus on improving member experience and reaching out to new markets is a strong example of today’s credit union movement.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Aug 22, 2011 – SELCO Community Credit Union Selects VSoft’s
Check Processing Solutions, Global Data

SELCO Community Credit Union Selects VSoft’s Check Processing Solutions, Global Data Center Credit union adds teller line RDC platform to gain flexibility, increase efficiencies

ATLANTA, Aug. 22, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Eugene, Oregonbased SELCO Community Credit Union selected its check processing solutions, citing the flexibility of its full suite of RDC products.

SELCO is implementing back office services with VSoft’s global data center, VServe, which delivers the solutions as either an ASP or a hosted model. Long-term, the credit union plans to operate check processing functions in-house. With VServe, SELCO can expect a smooth transition when it is ready to bring check processing in-house because it will maintain the exact VSoft products.

“As a provider of all check processing solutions, VSoft is the ideal partner to meet both our current needs and to support us as we continue to grow,” said Lee Anne Brockelman, operations support manager for SELCO Community Credit Union. “In addition to providing the advanced technology we need to compete and gain full Check 21 advantages, VSoft enables us to seamlessly convert the solution to an in-house operation and add other products to enhance our efficiency and services.”

VServe provides SELCO and more than 60 other financial institutions with an outsourcing alternative that each can manage directly, making the transition to RDC an easy one. Its data center is staffed by operations experts, network architects and application administration managers who provide customer support 24-hours a day, seven days a week.

VSoft understands the importance of adapting our solutions to meet the unique business needs of each client, and we look forward to being a trusted partner to SELCO as the credit union evolves,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “In addition to being equipped with tools to enhance productivity and reduce costs, SELCO now has the foundation to implement additional services in the future both quickly and easily.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Jun 21, 2011 – Park Community Federal Credit Union Adds VSoft’s
Branch Item Capture Solution

Park Community Federal Credit Union Adds VSoft’s Branch Item Capture Solution Credit union leverages VSoft’s data center to improve check processing

ATLANTA, June 21, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Louisville, Ky.-based Park Community Federal Credit Union elected to implement its branch item capture solution to enhance its check processing flexibility and accuracy across its 13-branch network. The credit union will leverage the solution through VSoft’s global data center, VServe.

VSoft’s branch item capture solution captures deposit images, identifies amounts and balances transitions at the teller line to reduce errors and decrease costs. Automated amount and MICR line recognition improve the precision and speed of transaction processing. Park Community will benefit from the high capacity network systems and reliable infrastructure of VServe, which delivers VSoft’s scalable solutions either as an ASP or hosted model.

“With our fairly substantial number of branches it was important for the solution we adopted for branch item capture solution to be flexible and capable of greatly improving back office efficiencies and reducing operational expenses,” said Don Browning, assistant vice president of Electronic Services, Park Community Federal Credit Union. “VSoft’s full suite of check processing solutions will enable us to add solutions and continuously strengthen the services we provide our members as we grow.”

“Our branch item capture product features multi-channel image processing to send and receive images, enabling Park Community to maximize the benefits associated with Check 21, while also ensuring full compliance and regulatory guidelines are met through our VServe datacenter,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Park Community now has the tools and service–oriented features to enhance efficiency, as well as access to additional platforms allowing the credit union to further implement progressive solutions far into its future.”

Park Community will also implement VSoft’s archive and research applications to analyze transactions, deposits and returns, as well as duplicate detection to prevent duplicates from entering the processing system.

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


May 24, 2011 – Mitek Systems, VSoft Unite to Offer Mobile Deposit
Solution to Banks, Credit Unions

Mitek Systems, VSoft Unite to Offer Mobile Deposit Solution to Banks, Credit Unions Patented solution enables mobile check deposits via smartphone, tablet cameras

ATLANTA, May 24, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that it has partnered with San Diego-based Mitek Systems, Inc. (OTC: MITK.OB;), the leader in mobile imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, to provide Mitek’s patented Mobile Deposit® to financial institutions leveraging its Agile Mobile Capture™ solution.

The partnership will further improve consumers’ ability to deposit checks using smartphone and tablet cameras, including Apple iPhone, RIM BlackBerry and Google Android devices. Mitek’s advanced image analytics and mobile image-quality assessment (IQA) tests provide real-time feedback to mobile users, which, in turn, ensures quality images and high rates of completion for VSoft’s financial institution clients.

“Mitek’s powerful image analytics combined with our remote deposit capture technology create a superior offering in terms of both customer experience and image quality,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “This joining of advanced technologies will be of great benefit to both financial institutions and the end user. Rolling out a new product like mobile remote deposit capture with such a consistent and easy-to-use app will aid in adoption and customer loyalty.”

“As the use of smartphones and tablets continues to grow, financial institutions that implement a strong mobile imaging platform and provide consumers with convenience in banking will gain a competitive edge,” said Drew Hyatt, senior vice president of sales and business development for Mitek. “VSoft’s Agile Mobile Capture with Mitek’s Mobile Deposit® allows consumers to perform secure deposits from any location; together we can deliver a solution that greatly expands consumers’ deposit options while reducing transaction costs for financial institutions.”

About Mitek SystemsFor more than 20 years, Mitek Systems (OTC: MITK.OB) has provided financial institutions with advanced imaging and analytics software to authenticate and extract data from imaged checks and other financial documents. Mitek’s patented technology has created the Gold Standard for Mobile Check Deposit and is currently used by leading financial organizations in the United States to process more than 10 billion items per year.

Today, Mitek is applying its patented technology and extensive expertise in image correction, optical character recognition and intelligent data extraction to mobile devices. Using Mitek Mobile Apps, smartphone users can now deposit checks, pay bills, save receipts and fax documents while on the road or sitting at a desk — eliminating trips to the bank, Post Office and file cabinet. Simply take a picture of the document and Mitek does the rest — correcting image distortion, extracting relevant data, routing images to their desired location, and processing transactions through users’ financial institutions.

For more information about Mitek Systems, contact the company at 858-503-7810 or visitwww.miteksystems.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, 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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


May 18, 2011 – VSoft Provides Dynamic Check Fraud Mitigation
Solution to Mechanics Bank

VSoft Provides Dynamic Check Fraud Mitigation Solution to Mechanics Bank

ATLANTA, May 18, 2011 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Richmond, Calif.-based Mechanics Bank selected the company to provide an industry-leading fraud prevention solution. VSoft will deliver the product through its strategic partner, Advanced Software Design Corporation (ASD), which specializes in the design, development and marketing of innovative fraud prevention solutions.

Seeking a strong fraud prevention tool, Mechanics Bank selected VSoft to deliver a risk mitigation solution. VSoft and ASD worked together to provide Mechanics Bank with a complete positive pay platform, including payee, traditional, reverse and ACH positive pay solutions. The solution enables Mechanics Bank to increase fee income while enhancing customer satisfaction through improved security measures.

“Safety and security are top priority for Mechanics Bank, never more so than today. A powerful fraud solution gives the bank, as well as our clients, peace of mind in our daily operations,” said Michelle Monaco, vice president, Mechanics Bank. “Innovation has always played a key role in the bank’s growth, and VSoft provided the sophisticated security solutions required in today’s volatile marketplace.”

ASD’s SAND® platform reduces the risk of check counterfeits, forgeries, and payee alterations, allowing financial institutions to offer multiple products and services on a single platform. The positive pay module features encryption technology, which applies a unique authentication code to each check. A barcode printed on the face of the check holds negotiable details such as payee name, check amount, check number and transit and validates the check’s authenticity.

“ASD is a true leader in fraud prevention technology, and our partnership enables us to deliver an exceptional level of performance to meet the security objectives of Mechanics Bank,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The solution reduces risk exposure and losses, allowing Mechanics Bank to both protect customer information and provide exceptional, personalized service.”

“Mechanics Bank is deeply committed to its customers and its community, and therefore offering the best security available is paramount for the bank,” said Calin Sandru, president, ASD. “Our products are designed to provide efficient and accurate fraud detection and validation services, and in partnership with VSoft ensure the security of personal financial information.”

About Mechanics Bank

For more than a century, Mechanics Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. The $2.97 billion independent bank, headquartered in Richmond, California, offers personal banking, business banking, trust, brokerage and wealth management services across Northern California. Selected as a top ten “Best Places to Work in the Bay Area” in 2010 and 2011, Mechanics Bank also has been selected as a “Top Corporate Philanthropist” for the past several years. For more information, please visit www.mechanicsbank.com..

About Advanced Software Design Corporation

Advanced Software Design Corporation (ASD) is a privately held software company and innovative provider of end-to-end solutions to prevent fraud, and enable financial institutions to derive value from image-based and transaction-based fraud prevention services across multiple market segments. ASD’s patented SAND® interoperable image survivable security feature, payee positive pay, OASIS™ BSA AML, transaction analysis, signature and check stock verification, and ValidateCheck™ enable detection of check alterations, counterfeit, forgeries, and meets the needs of the BSA/Patriot Act compliance objectives.http://www.asdc.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, 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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


May 9, 2011 – Unisys Corporation Selects VSoft to Deliver Imaging
Solutions

Unisys Corporation Selects VSoft to Deliver Imaging Solutions, Full Truncation Abilities to Latin American Financial Institutions Solution to streamline document exchange, optimize customer service

ATLANTA, May 9, 2011–Unisys Corporation, a long-time leader in providing payment solutions for financial institutions, has formed an alliance with VSoft Corporation, a global information and technology provider of process improvement solutions, to offer remote deposit capture solutions for check truncation to financial institutions throughout Latin America.

Unisys will deliver VSoft’s comprehensive suite of remote deposit capture solutions to enable organizations to capture, validate, process, archive and transmit check and document images from all points of presentment. The solutions help financial institutions accelerate internal processes, improve customer service and reduce paper traffic, eliminating the need for microfilm check reproductions.

Through the alliance Unisys will offer Latin American customers full check truncation abilities, equivalent to those permitted by the Check 21 Act in the U.S.

“Unisys is devoted to helping clients throughout the world improve operational efficiencies, increase productivity and gain peace of mind,” said Marcel Valverde, director of technology solutions for Unisys Latin America. “Our partnership with VSoft offers the financial institutions of Latin America sophisticated, easy to use and reliable solutions, helping them to increase security and agility while reducing operational costs.”

VSoft’s software integrates seamlessly with the current infrastructure of financial institutions of any size and ensures compliance with government regulations. VSoft will also provide its settlement and image exchange solutions to Unisys customers in Mexico, Puerto Rico, Costa Rica, Colombia, Brazil, Argentina, Chile, Uruguay and Peru, meeting the varying needs of each country’s market and regulatory requirements.

“Unisys shares in our goal to help organizations around the world improve competitiveness and drive growth,” said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “The company requires advanced, yet simple solutions to fit the financial markets, as well as the regulations of each country it serves. VSoft’s imaging solutions provide a dependable solution to Unisys’ progressive customers throughout Latin America.”

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.

About Unisys

Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With approximately 23,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.


May 5, 2011 – United Credit Union Improves Check Processing,
Member Service With VSoft Solutions

United Credit Union Improves Check Processing, Member Service With VSoft Solutions

ATLANTA, May 3, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Chicago-based United Credit Union has selected its image exchange solutions to streamline check processing and accommodate anticipated growth.

With more than 20,000 members, United Credit Union chose VSoft solutions to consolidate check processing, which will accelerate internal operations and improve member service. VSoft’s image exchange technology offers the capability to send and receive images either through direct exchange or through exchange. The solution expedites transaction clearing and returns processing, reducing transportation expenses.

“United Credit Union understands that to have exceptional member service and also meet growth objectives requires scalable solutions that optimize internal resources,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Our image exchange solution provides automated amount recognition and features an intelligent image repair system to deliver the most accurate results possible.”

Gary Peck, president of United Credit Union, explained, “We continuously strive to increase back end productivity and deliver quality member attention. Over time, the credit union has successfully expanded its services, as well as its locations across metropolitan Chicago. We can continue to grow and serve members with the support of VSoft’s expert solutions that ensure our processes are fast and precise, allowing employees to focus on providing top notch member service.”

The credit union also deployed VSoft’s archive and research applications, which enables institutions to analyze transactions, deposits and returns.

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 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Apr 26, 2011 – VSoft Introduces Core Processing Solution to Credit
Unions

VSoft Introduces Core Processing Solution to Credit Unions UCF FCU selects CoreSoft to enhance efficiency, member service

ATLANTA, April 26, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that its core processing solution, CoreSoft™, is available to credit union customers. UCF Federal Credit Union selected CoreSoft to improve efficiency and enable a more customized, member–centric approach to its service.

CoreSoft allows financial institutions to replace legacy systems with technology that delivers seamless, real-time, high-volume and high-performance transactions across multiple channels. Its open platform offers a unique, universal design to enhance workflow and flexibility. UCF FCU, a non-profit, member-owned institution that serves more than 4,000 members of the University of Central Florida community, selected CoreSoft to increase its front and back end efficiencies. Built on a powerful, centralized relational database, the solution provides UCF FCU additional capabilities to offer exceptional member service.

“Our number one priority is to exceed member expectations, and implementing CoreSoft enables us to drastically improve productivity and add creative, robust products and services that directly benefit our members,” said Mike Murray, president of UCF FCU. “We are committed to meeting the needs of a diverse membership, ranging from technology–savvy college students to professors and alumni that travel worldwide. After an in-depth and thorough assessment, our team determined that VSoft’s CoreSoft solution was the best fit for our future. It was a very collaborative effort and the team vote was unanimous.”

CoreSoft is available as an in-house, outsourced or cloud solution. UCF FCU will leverage the outsourced environment provided by VSoft’s data center, located in Davenport, IA. In addition to CoreSoft, UCF FCU will implement VSoft’s full suite of remote deposit capture solutions, including mobile capture, as well as item processing and imaging products. Additionally, VSoft’s digital dashboard enables UCF FCU to easily monitor a wide range of parameters, real-time in a dashboard format.

“Bank customers have experienced great success with CoreSoft and we anticipate equal benefits for our credit union customers. UCF FCU is a distinguished, well-established credit union dedicated to advancing internal operations and providing the most progressive services to its members,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “The credit union is celebrating its 40th anniversary this year, and with CoreSoft and our imaging solutions, it is well positioned to succeed for many more decades.”

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 visitwww.vsoftcorp.com.


Mar 21, 2011 – Allied First Bank Implements VSoft’s Remote Deposit,
Mobile Capture Solutions

Allied First Bank Implements VSoft’s Remote Deposit, Mobile Capture Solutions

SAN DIEGO, March 21, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced at the ICBA National Convention and Techworld that Allied First Bank selected its home/office and mobile remote deposit capture solutions. The Oswego, Ill.-based bank chose the solutions for the ease of use, improved functionality and customer benefits.

Allied First Bank had a vision to improve the services it offered customers though home and small business remote deposit capture via flatbed scanners and smartphones. After much due diligence, the bank selected VSoft for its user-friendly, fully automated workflow and ability to provide single sign on (SSO) to the bank’s current Internet banking partner.

“At Allied First Bank we are committed to delivering advanced financial solutions that simplify both business and personal banking process for our customers,” said Ken Bertrand, president of Allied First Bank. “VSoft’s remote deposit capture solution integrates seamlessly with our internet banking system while enabling us to improve customer relations and maintain our dedication to progressive banking practices.”

VSoft’s comprehensive suite of image-based check processing solutions process checks from all points of entry and reduce risk. Its Agile Home/Office Capture solution presents a cost effective method for capturing, validating, correcting, balancing and sending deposits. Additionally, customized threshold review schedules continuously monitor deposit activity to prevent fraud.

“Our flexible remote deposit capture solutions allow Allied Bank to leverage its current technology, while increasing its value to current and prospective customers,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Like the bank, we are dedicated to always providing the best customer service solutions, and mobile and home/office capture is on the top of that list.”

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 visitwww.vsoftcorp.com.


Mar 7, 2011 – TotalBank Partners with VSoft for Imaging Solutions

TotalBank Partners with VSoft for Imaging Solutions VSoft delivers efficiency, customer service benefits to Miami financial institution

PHOENIX, March 7, 2011 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced at BAI Payments Connect 2011 that Miami-based TotalBank ($2 billion in assets) recently implemented VSoft’s Agile Branch™ Capture Solution, Remote Deposit Capture™ Solution (RDC), Image Exchange™ Solution and complete Electronic Day-Two Processing.

TotalBank, a member of Grupo Banco Popular Español, the third largest banking group in Spain with more than $185 billion in assets, selected VSoft’s imaging solutions to reduce operational costs and maximize efficiency. With VSoft, TotalBank can better serve the financial needs of South Florida residents and its growing Hispanic market

“In the rapidly growing market that we serve, providing top-notch service and convenience is paramount,” said Andy Collazo, senior vice president of Operations & IT for TotalBank. VSoft’s solutions enable TotalBank to uphold our commitment to excellence. Our customers are very diverse so we need to provide them with solutions to meet their unique banking needs. VSoft’s comprehensive, advanced programs are easy to use and help us improve productivity, allowing our staff to fully concentrate on providing quality service to customers. ”

“At VSoft, we are committed to developing high-performance and versatile banking solutions with the quickest possible speed-to-market,” said Mr. Murthy Veeraghanta, CEO for VSoft. “Our goal is to provide flexible, scalable solutions that will enable financial institutions to attain their long-term growth strategies. TotalBank can easily add products and services as needed and also adapt to today’s rapidly changing regulations. We look forward to a long partnership with them.”

About TotalBank

TotalBank is a leading consumer and commercial bank in South Florida with nearly $2 billion in assets and 14 convenient locations throughout Miami-Dade County. Headquartered in Miami, TotalBank has served the South Florida community for more than 35 years, offering a broad range of domestic and international financial services to corporations, small businesses and individual consumers. The bank offers superior customer service focused on meeting the financial needs of customers while earning their confidence and loyalty. A member of Grupo Banco Popular Español, which boasts more than $185 billion in assets and 2,500 branches, TotalBank is strengthened by its parent, the third largest banking group in Spain. More information can be found at www.totalbank.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, 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 visitwww.vsoftcorp.com.


Feb 28, 2011 – VSoft Enters Second Decade of Service to the Credit
Union Market

VSoft Enters Second Decade of Service to the Credit Union Market 2011 marks more than 10 years of providing technology to improve credit union processes

WASHINGTON, D.C., Feb. 28, 2011 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced at the CUNA Governmental Affairs Conference, that it has entered its second decade of providing payment solutions to credit unions.

VSoft’s solutions enhance credit union efficiency throughout branch networks, remote deposit channels, and central operations. Over the past 10 years, VSoft has partnered with both credit unions and credit union processors. These long–term partnerships have resulted in VSoft solutions serving more than 1,500 credit unions and their members nationwide. VSoft’s flexible and powerful solutions support credit unions as they expand and evolve through organic growth, mergers and acquisitions.

Kay Moon, Senior Vice President and Chief Operations Officer of Southeast Corporate, added, “We have partnered with VSoft for more than five years to provide payment solutions to our members and look forward to expanding our payment solutions in the future. Providing unparalleled levels of service and quality solutions is paramount to our members. VSoft enables us to do that without exception.”

VSoft’s 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 operations. Its flexible software is designed for seamless and rapid integration by credit unions of any size. VSoft continues to enhance its solution set over the years as evidenced by the addition of check collection channels including ATMs as well as the home and office.

“VSoft continuously updates its solution sets to meet the industry’s shifting needs and ensure that we are offering the leading payments solutions,” said Cyndi Koan, executive vice president at Public Service Credit Union of Denver, a VSoft customer through the company’s outsourcing division, VServe, Inc. “Our long–standing relationship with VSoft allows us to bring the most advanced services and cost savings to our employees and members.”

“This last decade has brought a lot of change for credit unions and credit union processors, and VSoft is committed to supporting them as the evolution continues,” said Murthy Veeraghanta, chairman and managing director of VSoft Corporation. “VSoft is a proven, trusted partner that is dedicated to providing top-notch, comprehensive banking solutions that enable financial institutions to achieve their growth objectives.”

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.


Feb 14, 2011 – Paystation Selects VSoft to Launch Full Check
Truncation in Canadian Market

Paystation Selects VSoft to Launch Full Check Truncation in Canadian Market Canadian payment processing company leverages VSoft solutions to facilitate innovation in nation’s payments system

ATLANTA, Feb. 14, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today a partnership with Toronto-based Paystation Inc., an industry leader in payment processing solutions. Paystation selected VSoft’s multi-channel image processing solutions to equip Canada’s financial institutions for a shift to full check truncation.

The partnership comes immediately following the passage of the first of two check electronification rules by the Canadian Payments Association (CPA), which permits the use of image replacement documents (IRD) for processing. A second rule should be enacted this year to enable full check electronification of all forwarded items. The result will be a full check truncation environment similar to that of the U.S. and other international markets, improving overall efficiency of check payment processing, reducing operational costs and preventing fraud.

“As we have seen in other markets, financial institutions are eager to adopt full check truncation and realize the benefits that will help their processes and ultimately their customers,” said Arun Srivastava, president of Paystation. “VSoft has successfully served the U.S. and other international markets for more than 15 years, and we are confident that its solutions will be a strong asset to our bank, credit union, trust company and government clients as well as the international consumers and businesses they serve. Through our partnership we expect to bring VSoft’s solutions straight to the Canadian market.”

With its rich history and wide variety of leading industry affiliations, Paystation has long been considered an industry leader and expert in fraud prevention and detection for Canadian businesses of every size. Since 1955, Paystation has provided a comprehensive suite of solutions to improve service, reduce cost and maximize efficiency for Canadian banks, credit unions and businesses. Its new products provide seamless, real-time, high volume and high performance transactions across multiple channels. VSoft solutions can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

“As a global provider of process improvement solutions, we recognize the compounded benefits that full check truncation will bring to Canadian financial institutions and businesses,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Our high performance, scalable solutions are proven to meet the check imaging needs of virtually any financial institution, and we are honored to be selected by Paystation to introduce such efficiencies to its market.”

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.

About Paystation Inc.

With offices across Canada and representation coast to coast, Paystation Inc. has been committed to helping Canadian Financial Institutions and businesses issue secure cheques and protect themselves against fraud since its inception in 1955. Their client base includes all major Canadian banks, credit unions, trust companies, federal and provincial governments, as well as businesses in Canada, the United States, South America, Europe, Asia and Africa. Known and respected since 1955 as Paymaster Cheque-Writers Ltd. Canada, the company changed their corporate name to Paystation Inc. in 1993 with the release of their first secure cheque-issuing software application. As an industry leader, Paystation continually strives to provide businesses with innovative hardware and software solutions to safeguard information and financial assets. For more information, call 905-625-8500 or visit their website www.paystation.ca.


Feb 8, 2011 – Union Bank Selects VSoft to Support Remote Deposit
Capture Growth

Union Bank Selects VSoft to Support Remote Deposit Capture Growth Top–twenty bank to expand offering to its business customers

ATLANTA, Feb. 8, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that San Francisco based Union Bank, N.A. has selected its Remote Deposit Capture solution. The selection is part of Union Bank’s strategy to offer its customers the latest technology to expedite processing of their account receivables and reconciliation.

Union Bank first introduced remote deposit to its business customers in 2006 and has successfully penetrated markets across the country. “Remote deposit is an important strategic initiative that strengthens Union Bank’s national presence and processing capabilities,” said Michael Anderson, senior vice president and manager of product management and development for Union Bank. “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”

“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,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Our imaging solutions are designed to meet the volume and convenience needs of all types of customers while providing the bandwidth to support a progressive institution like Union Bank as it grows.”

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80 billion at September 30, 2010. Its primary subsidiary, Union Bank, N.A., is a fullservice commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 397 banking offices in California, Oregon, Washington and Texas as well as two international offices, on September 30, 2010. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com. for more information.

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.


Jan 18, 2011 – Worldwide Interactive Services Delivers VSoft’s Teller
and Home Office Item Capture

Worldwide Interactive Services Delivers VSoft’s Teller and Home/Office Item Capture Partnership adds leading remote deposit capture platform to highly functional, in-house core

ATLANTA, Jan. 18, 2011– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today a partnership with Orlando, Fla.–based Worldwide Interactive Services, LLC, a provider of technology solutions to more than 300 financial institutions nationwide, to offer VSoft’s Teller and Home/Office Item Capture services to its CUtopia core credit union customers

CUtopia’s core software solution was developed to provide credit unions with a highly functional, reliable and fully compliant in-house system that can be tailored to meet their individual needs, as well as the needs of their members. Leveraging CUtopia e-Suite banking with VSoft’s proven remote deposit capture solutions enables credit unions to reduce operational costs and effectively compete with larger institutions.

“VSoft shares in our dedication to helping credit unions stay ahead of the technology curve and guarantee member satisfaction,” said president and CEO at Worldwide Interactive Services, John Panteleon. “This partnership gives our credit union customers access to the most advanced financial services, which can be quickly and easily implemented, enabling them to experience significant cost savings while also better serving their members.”

VSoft’s teller capture solution allows credit unions to capture deposits at the teller window, or behind the teller line in the branch back office, depending on strategy, branch footprint and deposit mix. Its Home/Office Item Capture solution enables credit unions to further extend their services by providing added convenience for personal or small business accounts. As a result, it protects a credit union’s current member base and makes it more attractive to new members.

“Worldwide Interactive Services and VSoft have each served the credit union marketplace for more than 15 years, and are committed to continually developing technology and partnerships that enable credit unions to compete with even the largest institutions,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “This is the ideal time to combine VSoft’s comprehensive and flexible solutions, with the robust features offered by Worldwide’s core banking system. As regulations continue to change and the industry moves out of the recession there will be great opportunities to gain new members; and protecting your current member base is now more important than ever.”

About Worldwide Interactive Services, LLC

Since 1995, Worldwide Interactive has been delivering secure, robust and cost-effective technology solutions to over 300 financial institutions. Our combination of innovation, low cost of ownership and passionate customer service creates an environment that helps credit unions remain competitive, improve service to their members, and leverage the business benefits of automation and reduced operating expenses.

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.