VSoft News & Events

VSoft Press Releases – 2012

Nov 6, 2012 – VSoft Corporation Strengthens its CoreSoft Product with Partnership with Payveris

VSoft Corporation Strengthens its CoreSoft Product with Partnership with Payveris VSoft’s core banking platform offers advanced bill pay solution by Payveris

ATLANTA, GA and WETHERSFIELD, CT, November 6, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, and Payveris, an online and mobile payments company offering full service online bill pay and interbank Transfer solutions, announced their partnership today that will provide full integration of two next generation technologies – CoreSoft by VSoft and Bill Pay by Payveris.

The partnership allows VSoft to leverage Payveris’ modular, API driven bill pay platform to further strengthen its browser-based core banking system, CoreSoft. Recent CoreSoft customer, Texasbased PointBank, immediately recognized the value of Payveris’ easy-to-use bill pay service. In addition to the relationship management tools and consumer solutions already available with CoreSoft, PointBank can expect higher bill pay adoption and lower customer attrition by taking advantage of the VSoft/Payveris partnership.

“Payveris sees the partnership as a perfect fit,” stated Jim Cahill Head of Sales and Marketing for Payveris. “VSoft’s core banking customers will benefit from a feature rich, easy to use bill pay interface with industry-leading speed and accuracy in processing payments. We are excited to partner with VSoft as they bring innovative solutions to the core banking market.”

“The synergies between VSoft and Payveris are undeniable,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Both companies are committed to providing industry-leading technologies specifically designed to improve the success of our respective clients. CoreSoft’s open architecture allows it to quickly and easily embrace the latest technologies like Payveris. We are excited to offer our clients this feature-rich Bill Pay platform.”

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 Payveris

Payveris is a next generation online and mobile payments company offering full service online Bill Pay and Interbank Transfer solutions for financial institutions and service providers. The Payveris bill pay solution is well established and has recently been launched as a web services suite that is designed for deployment either as a standalone application or as a “white label” modular suite of API’s which partners and developers can utilize to deliver innovative and customized payments functionality. Payveris’ innovative payment platform combined with its unique “white label” business model provides core processors, online banking providers and other providers of remote banking services a powerful solution for their financial services clients. For more information visit www.payveris.com.


Oct 30, 2012 – PointBank Chooses CoreSoft to Replace Legacy
Platform

PointBank Chooses CoreSoft to Replace Legacy Platform VSoft core banking solution provides competitive edge with system flexibility, speed to market, customer insights

ATLANTA, Oct. 30, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that $350 million PointBank selected CoreSoftTM to replace its processing platform.

Pilot Point, TX -based PointBank had been in the market for years looking for a “next generation” core system that would provide more flexibility, advanced features and leading-edge technology. For well over a century, the locally-owned and community-focused PointBank has made delivering unparalleled service to the Denton area residents it serves a top priority.

The opportunity CoreSoft provides to improve customer service, especially in terms of speed to market with new products and services, attracted the bank and set it apart from other systems it had seen. After nearly three years of carefully evaluating several available core platforms, the bank selected VSoft because of its technology advantages and long-term partnership opportunity. PointBank’s implementation will include a complete online banking product as part of the strategic partnership with VSoft.

“We recognized the need to replace our current platform years ago, but weren’t able to justify the financial and time commitment for a replacement that was not a significant advancement over our current system. CoreSoft was what we’d been looking for – a browser-based system that offered us tremendous flexibility and multi-channel integration,” said Ray David, CEO of PointBank. “We are excited to work with VSoft for our new core platform, and believe that the partnership will serve us well into the future.”

“PointBank is a growing community bank that is as dedicated to their customers and community today as they were when they started over a century ago. The bank is a wonderful addition to the growing VSoft family and a perfect fit for CoreSoft,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “The platform is designed for community-focused financial institutions, providing an assortment of consumer and commercial solutions and relationship management tools. The platform will allow the bank to meet their immediate goals for their nine branches while also providing them with the needed flexibility and scalability as they continue to grow.”

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.

About PointBank

PointBank is a locally owned independent bank with $350 million in assets. PointBank is a fullservice community bank providing comprehensive financial services to consumer, business and municipal customers throughout Denton County, Texas communities.

PointBank routinely post news and other important information on their Web site at www.pointbank.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 2,200 banks, credit unions and savings institutions and data centers worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Aug 13, 2012 – VSoft Corporation Joins the Viewpointe Network

VSoft Corporation Joins the Viewpointe Network Atlanta-based firm to offer gateway for its clients to Viewpointe services

New York and Atlanta – August 13, 2012 – Viewpointe®, a leading provider of electronic content management and exchange services, and VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that VSoft is now a member of the Viewpointe network for exchange services. This relationship benefits both organizations as they offer their respective customers an industry-leading, expanding network of exchange partners. This also provides VSoft clients with access to a fully integrated and seamless clearing and settlement solution with Viewpointe Clearing, Settlement & Association Services (VPCS&AS) rules coverage, common business practices through a single multilateral agreement, and settlement using the best-in class National Settlement System.

Through the Viewpointe membership, VSoft clients will have access to three of Viewpointe’s principal payment services in the marketplace:
• Pointe2Pointe® – for image exchange services
• National Settlement System (NSS) – for real-time, Internet-based net settlement system for all electronic transaction types
• Association Services – providing education and support for all payments network participants

With the Viewpointe deal, VSoft is able to consolidate its clients’ exchange activity through a dedicated channel, thereby eliminating the need to establish a complex structure of partnerships and connections with each individual financial institution. An established exchange relationship with Viewpointe allows VSoft to provide each of its clients an economical model for check image exchange and settlement.

Denis Pearson, vice president, program management office and technology partners, of VSoft said, “VSoft’s goal, as it has always been, is to partner and grow with our clients by helping them achieve their business objectives. The Viewpointe relationship is yet another example of our commitment to the success of our clients. All of our clients will have the ability to seamlessly exchange and settle through the Viewpointe network.”

The Atlanta-based global information and technology provider will be able to extend the Viewpointe services to its more than 1900 U.S.-based financial institution customers. Through Viewpointe’s Pointe2Pointe with internet solution, VSoft clients will have a safe, simple and secure platform to connect with other exchange partners.

Tim Coff, Viewpointe president and COO, said: “VSoft provides high-quality services to its clients, and we are thrilled that it has elected to add Viewpointe’s payment services. With our easy-to-use integrated clearing and settlement system, VSoft clients will easily be able to conduct image exchange and settle with their partners all in one place. VSoft’s more than 1900 clients accessing the expansive Viewpointe network will be able to connect to thousands of endpoints, enhancing the experience for all institutions involved.”

Viewpointe offers end-to-end check image exchange, clearing and settlement services for institutions of all sizes. Founded by financial institutions for financial institutions, Viewpointe helps organizations address their check clearing needs through its stable, secure and price-competitive image exchange network. In 2011, Viewpointe exchanged more than 4.5 billion items; our National Settlement System settled $5.8 trillion.

As one of the nation’s 17 regional payments associations, VPCS&AS provides education on the latest payments topics and certification preparation for payments professionals. VPCS&AS also offers expertled ACH audit and compliance services for financial institutions, payments processors and businesses using ACH. VPCS&AS provides industry-level member advocacy and input into the ACH Rules-making process as a voting member of NACHA—The Electronic Payments Association.

ABOUT VIEWPOINTE

Viewpointe® is a leading provider of multibank infrastructure solutions for customers ranging from credit unions to Fortune 100 financial institutions. With one of the largest national archives of check images and digital information in a private cloud environment, Viewpointe offers archive capabilities, end-to-end check image exchange clearing and settlement and Automated Clearing House association services. Bank Technology News named Viewpointe one of the top innovators of 2008, an annual ranking of the 25 most advanced people, companies and technologies in financial services. Since 2006, Viewpointe has been named to the prestigious FinTech 100, representing the best of the best in financial technology and service providers. For more information, please visitwww.viewpointe.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, savings institutions, and data centers worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Jul 24, 2012 – VSoft Solutions Enable CIBC FirstCaribbean
International Bank

VSoft Solutions Enable CIBC FirstCaribbean International Bank to Meet New Eastern Caribbean Currency Union Settlement Standards

ATLANTA, July 24, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Barbados-based CIBC FirstCaribbean International Bank has selected its back counter check processing and settlement solutions to meet the new Eastern Caribbean Currency Union Clearing House Electronic Settlement & Clearing standards, which will apply later this year.

With $11.5 billion in assets, CIBC FirstCaribbean is the largest, regionally-listed bank in the English and Dutch-speaking Caribbean. It plans to implement VSoft solutions in 15 branches across seven islands. It will also deploy VSoft’s image exchange solution, exceptions processing for both outgoing and incoming returns as well as duplicate detection and archival and retrieval applications.

The bank selected VSoft’s technology for its flexibility as well as its advanced capabilities. It was also impressed by the team’s expertise in the financial industry landscape both within the U.S. and internationally.

“VSoft’s solutions position us to easily meet the impending requirements for image exchange while also greatly enhancing our day-to-day operations,” said Minish Parikh, Chief Administrative Officer for CIBC FirstCaribbean. “VSoft has in depth knowledge in the image exchange industry. We are pleased to have a proven partner with familiarity and experience in our banking processes, which gives us confidence as we approach significant changes.”

CIBC FirstCaribbean International Bank is a relationship bank offering a range of market-leading financial services through Corporate Investment Banking, Wealth Management and Retail Banking. Headquartered in Barbados, it is one of the largest, regionally-listed financial services institution in the English and Dutch-speaking Caribbean.

VSoft’s back counter capture solution provides automated image and data workflows, which capture, correct and balance transactions and include comprehensive validation features, reducing errors and accelerating processing. Its image exchange product, which features rulesbased sorting, will help CIBC FirstCaribbean further expedite procedures and reduce transportation costs.

“As various financial markets around world execute changes and implement guidelines, it is our goal to provide the technology, service and expertise financial institutions need to adjust accordingly,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Our solutions provide CIBC FirstCaribbean with the tools it needs to fulfill these new image exchange requirements, and by leveraging our in-house deployment model across its branches, the bank will gain full infrastructure control and flexibility of the products.”

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 26, 2012 – R.I.A FCU Selects VSoft for Branch Item Capture,
Image Exchange Solutions

R.I.A. Federal Credit Union Selects VSoft for Branch Item Capture, Image Exchange Solutions

ATLANTA, June 26, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Rock Island, IL.-based RIA Federal Credit Union has selected its branch item capture and image exchange solutions.

R.I.A. Federal Credit Union chose to deploy VSoft’s branch item capture solution as an outsourced model, which enables a seamless transition of its check processing to VSoft’s data center, VServe. The solution gives the credit union the ability to capture deposits in the back office, streamlining processes and reducing internal expenses. The credit union will also benefit from VSoft’s branch item capture, inclearings/shared drafts, out returns, archive/research and cash lettering services.

“We selected VSoft for the flexibility of its deployment models and ability to integrate with our current systems,” said Larry Coverstone, president of R.I.A. Federal Credit Union. “In addition to delivering features and ease of use beyond what other vendors could provide, VSoft’s options for home banking interface, ATM, home office and mobile capture will allow us to implement additional remote deposit capture solutions as we choose to expand in the future.

“Leveraging VSoft’s outsourced branch item capture platform provides R.I.A. Federal Credit Union with full functionality and control over the system without requiring a large capital investment,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “We are committed to working with our clients to accommodate their immediate business objectives while also supporting long-term strategies and further improving performance. Delivering a variety of scalable deployment options positions us to grow with our clients, offering a trusted and lasting partnership.”

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, savings institutions, and data centers worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Jun 6, 2012 – Peoples Credit Union Establishes Direct Relationship
with VSoft

Peoples Credit Union Establishes Direct Relationship With VSoft Credit union migrates back counter check processing to VServe data center

ATLANTA, June 6, 2012 – VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that the Pembroke Pines, Fla.-based Peoples Credit Union selected to implement its back counter check processing solution through a direct relationship, leveraging the conveniences of its VServe data center.

Peoples Credit Union chose VSoft for the flexibility and efficiency afforded by its back counter solution as well as the ability to outsource check processing. This deployment option will position the credit union to easily apply additional technology offerings, such as remote deposit capture, in the near future.

“Migrating to a direct partnership with VSoft and leveraging its data center allows us to even further enhance our check processing capabilities,” said Jeffrey Miller, president and CEO for Peoples Credit Union. “This new, outsourced environment improves our back office operations, and lays the groundwork for continual advancement. As we focus on member growth, partnering with VSoft gives us direct access to additional innovative products, including their entire suite of RDC solutions that we can easily add over time.”

VSoft’s back counter capture solution features automated image and data workflows, which capture, correct, and balance transactions and include comprehensive validation features, reducing errors and accelerating processing. In addition to increasing back office productivity and decreasing costs, automated processing and settlement enables Peoples Credit Union to mitigate instances of fraud.

“Choosing to outsource through VServe, Peoples Credit Union will lighten its workload, improve productivity and enhance member service,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “As the credit union strives to expand its member base VSoft will be a trusted partner, offering the comprehensive, scalable solutions it needs to continually improve operations and add new, progressive services.”

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 11, 2012 – VSoft Strengthens Defenses Against Check Fraud
Through New Relationship With Early Warning

VSoft Strengthens Defenses Against Check Fraud through New Relationship with Early Warning Financial institutions receive advanced notification of at-risk deposits, streamlining check processing while reducing the costs of banking

ATLANTA, April 10, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that it will collaborate with Early Warning Services® LLC, a leader in fraud prevention and risk management. This new relationship enables banks and credit unions leveraging VSoft’s check imaging solutions to further protect against fraud while maintaining a single in-house or outsourced platform.

VSoft’s check imaging solutions will now include Early Warning’s DEPOSIT CHEK® service, a tool that enables financial services organizations (FSOs) to receive responses to help prevent, detect and deter fraud. DEPOSIT CHEK service validates deposit item information and provides notification of potentially high-risk deposits using collaborative data contributed daily to the National Shared DatabaseSM from FSOs across the country.

DEPOSIT CHEK service helps banks and credit unions protect customers and members from check fraud, while also improving customer service with expedited cash back decisioning. The solution adds confidence to FSOs’ front lines and will be available through VSoft’s in-house, outsourced or SaaS delivery models to best meet the needs of individual FSOs.

“Early Warning’s DEPOSIT CHEK service is an ideal fit for VSoft’s collaborative approach to delivering innovative business solutions on a unified platform,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “Its bank-owned infrastructure enables the financial services community to join forces in the global struggle to eliminate fraud.”

About Early Warning Services

Early Warning Services is a recognized leader in fraud prevention and risk management and is owned by five of the country’s largest and most respected banks: Bank of America, BB&T, Capital One, JPMorgan Chase and Wells Fargo. Those institutions — as well as hundreds of other financial services organizations across the country — exchange information and knowledge to obtain a single view of fraud activity across the enterprise and manage fraud on a crossinstitutional basis. Early Warning facilitates this secure exchange between these organizations and offers solutions for responding quickly to evolving fraud challenges. For more information, please visitwww.earlywarning.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.


Mar 19, 2012 – Texas Trust Credit Union Selects VSoft’s Data Center
for Branch Item Capture

Texas Trust Credit Union Selects VSoft’s Data Center for Branch Item Capture, ATM Capture and Image Processing Solutions

ATLANTA, March 19, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Texas Trust Credit Union in Mansfield, Texas has chosen its branch item capture, home office capture and ATM image processing solutions. The credit union will deploy the solutions through VSoft’s data center, VServe.

Texas Trust selected VSoft for the flexibility of its deployment models and seamless core system integration, which allows it to easily transition its check processing services to VSoft’s ASP/outsourced option, VServe. The $726 million credit union will outsource VSoft’s branch item capture in its eight branches, as well as deploy its ATM imaging solution and home banking interface. Texas Trust also selected VSoft for its comprehensive item processing suite, which complements the branch item capture solution and securely, efficiently manages image workflow.

“VSoft offers an opportunity for a strategic partnership that allows us to outsource all of our image processing tasks without changing our business model,” said David Pickney, CFO, Texas Trust Credit Union. “Its outsourced data center lets us improve internal efficiencies and opens the door to easily bring more services to market that will best serve our members’ needs.”

VSoft’s branch item capture solution accelerates processing and decreases expenses by capturing deposits either at the teller window or in the credit union’s back office. Its ATM capture product furthers enhances efficiencies by receiving images and data provided from any imageenabled ATM and consolidating them in the back office. VSoft’s item processing capabilities include inclearings/shared drafts, cash letters, out returns and archive/research.

“Texas Trust is taking advantage of the opportunity to transfer its image processing solutions to our stable, growing environment without changing its business model or requiring a large capital investment,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “With our outsourced environment and complete suite of products, the credit union can easily add remote deposit capture RDC solutions and update its technology over time. Our scalable products are customized to meet the unique objectives of each institution, enabling us to become true a partner for progressive institutions such as Texas Trust.”

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 Texas Trust Credit Union

Texas Trust is one of the largest credit unions in North Texas and the 21st largest in Texas. It has been operating for more than 75 years. As a full-service financial institution, Texas Trust offers checking, savings, mortgages, credit cards, CDs, Money Market accounts, IRAs, and investment and insurance services. Its business services include SBA and conventional loans, electronic payment cards, checking and money market accounts, merchant card processing, online banking, insurance, and the Employee Solutions Network. With 58,000 members and assets of more than $726 million, Texas Trust operates in Dallas, Tarrant, and Henderson counties, as well as parts of Ellis and Johnson counties. Texas Trust branches are located in Mansfield, Grand Prairie, Arlington, Cedar Hill, and Athens. For more information, visit www.texastrustcu.org.


Mar 12, 2012 – Evans Bank Selects New Core Platform to Improve
Customer Experience, Services

Evans Bank Selects New Core Platform to Improve Customer Experience, Services VSoft’s CoreSoft platform will help bank further improve offerings, gain a competitive edge in Western New York market

HAMBURG, N.Y., March 12, 2012– Evans Bank, N.A., a $740 million full–service community bank and subsidiary of Evans Bancorp, Inc. (NYSE Amex: EVBN), announced today that it selected CoreSoftTM to replace its legacy core platform.

Evans Bank is exclusively focused on providing banking services to the consumers, businesses and municipalities of Western New York. The bank will implement CoreSoft to improve customer experience and enhance the speed to market for new services, boosting its competitive edge.

CoreSoft is a core banking platform provided by VSoft, a global information and technology provider of process improvement solutions for financial institutions. The flexible solution is designed to replace legacy systems with a technology that provides seamless, real-time, highvolume and high-performance transactions across multiple channels, supporting all the deposit and lending activities.

“This is a transformational time for Western New York; banks are moving out of the area, or are focused on other areas. We see this as an opportunity to improve Evans Bank and provide added customer value, encouraging customers, businesses and municipalities to take charge and choose the best banking relationships available to them,” said David Nasca, president and CEO of Evans Bank. “CoreSoft provides us with the infrastructure necessary to improve our offerings; it delivers the robust product capabilities on a system that is easy to understand, use and support.”

Evans Bank expects to implement the new core platform during the second half of 2012. CoreSoft’s scalable infrastructure will help the bank attain growth strategies both immediately and in years to come.

“As a growing community institution dedicated to fostering relationships with local customers, businesses and municipalities, Evans Bank is an excellent fit for CoreSoft’s open and performance enhancing infrastructure,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The bank is positioning itself to be an invaluable asset to the community; it is developing the infrastructure to meet its immediate goals while also providing the scale and flexibility to attain long-term growth objectives.”

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 $740 million in assets, 13 branches and $616 million in deposits at December 31, 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, LLC. provides property and casualty insurance through 14 insurance offices in the Western New York region. Evans Investment Services, Inc., a wholly-owned subsidiary of Evans Bank, provides nondeposit 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.


Jan 25, 2012 – Los Angeles-Based First City Credit Union Selects
VSoft for Image Exchange, Settlement Services

Los Angeles-Based First City Credit Union Selects VSoft for Image Exchange, Settlement Services

ATLANTA, Jan. 25, 2012– VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Los Angeles-based First City Credit Union selected VSoft’s image exchange and settlement solutions, including its inclearings, returns and archive services.

First City will leverage VSoft’s applications via an outsourced model, meeting the credit union’s functionality needs without having the burden of hardware, maintenance and compliance responsibilities. VSoft’s inclearing solution accepts and processes incoming electronic cash letters from image exchange networks, other financial institutions and the Federal Reserve. The system streamlines the receipt of cash letters, reducing transportation time and costs. Additionally, VSoft’s returns applications manage both outgoing and incoming returns, greatly enhancing workflow efficiency.

“We selected to outsource our image exchange and settlements to VSoft because of its system’s module approach and the ease with which our credit union can implement additional solutions in the future,” said Jim Miller, senior vice president and CFO at First City Credit Union. “VSoft enables us to cost effectively and seamlessly transition our services to its unified platform, allowing our credit union to continue its check processing with ease and implement other services over time.”

VSoft’s archive solution provides comprehensive inquiry and reporting, and its Internet viewer features allows users to easily access images from any location. The solution generates reports, spreadsheets, customer statements, letters and emails and has advanced security functions that ensure stored images remain secure.

“First City Credit Union needed a way to better handle image workflow to ensure the efficiency and security of its vital check processing functions,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “The delivery model we were able to provide First City allows the credit union to improve internal operations and grow as its needs and objectives change.”

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.


Jan 17, 2012 – Alloya Corporate and VSoft Corporation Enter into
Strategic Partnership

Alloya Corporate and VSoft Corporation Enter into Strategic Partnership

WARRENVILLE, Ill. & DULUTH, Ga–(BUSINESS WIRE)–Alloya Corporate FCU (“Alloya”) and VSoft Corporation (“VSoft”) announced today that they have entered into a strategic partnership that outsources the corporate’s back office item processing services to VSoft. The effective date of the agreement is Feb. 5, 2012.

Charles W. Furbee, acting CEO of Alloya, said, “Alloya will benefit from reduced operating costs and improved net product margins, reduced facilities expenses, and a deepened partnership with a best of breed company in the item processing space.” Furbee also noted that VSoft’s willingness to hire the employees affected by this transaction was an important consideration in the decision to move forward.

“This transaction perfectly illustrates our go-forward strategy of partnering with quality companies to provide value added services to our members on an aggregated basis, rather than Alloya manufacturing them itself,” Furbee continued. As outlined in its Forward Together business plan, this approach assures future product enhancements and ongoing high service and satisfaction levels for credit unions, while keeping Alloya’s costs and capital investments down.

Murthy Veeraghanta, managing director and CEO of VSoft, remarked, “VSoft will be hiring all of the talented staff that currently perform and support the item processing function at Alloya, and will sublet space in the corporate’s Albany, N.Y. facility to house them.” This provides VSoft with a stable and knowledgeable staff to provide ongoing service to credit unions while supplying a platform to grow the business.

“This partnership with Alloya makes perfect strategic sense for VSoft,” Veeraghanta added. “By further aligning itself with an industry leader with a large membership base, VSoft will be able to leverage its relationship with the corporate to bring future products to credit unions, while providing a profitable platform from which to serve others in the marketplace.”

About Alloya Corporate FCU

Alloya Corporate Federal Credit Union is a wholesale financial institution – a credit union for credit unions. Alloya is among the largest corporates in the nation with over 1,100 credit union member-owners. Focused on value, Alloya offers a variety of financial and correspondent products and services that leverage the power of aggregation to ensure its members remain competitive in today’s marketplace. Alloya is headquartered in Warrenville, Illinois with major operations in Albany, New York. To learn more, visit www.alloyacorp.com.

About VSoft Corporation

Established in 1996, VSoft Corporation is a global provider of financial technology solutions that improve service, reduce cost and maximize efficiency. Its broad image-based solutions include distributed deposit and payment capture across all points of presentment, back office check processing, and image exchange. Customers include banks, credit unions, savings institutions, and data centers. VSoft’s proven products and services ensure versatile and rapid delivery of solutions to missioncritical needs. Included in the Inc. 5000 for five consecutive years and Software 500 for four straight years, and featured in BTN’s Innovators list in 2010, 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.


 

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  • What our clients are saying:

    “VSoft provides the exact technology we were looking for. Its comprehensive suite of solutions delivers the features and functionality that meet our needs, and we are confident that VSoft will better prepare us to handle increased volume with the utmost efficiency during our time of rapid growth.”

    Kirby Shroll, Executive Vice President Bank Operations, Great Western Bank