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VSoft News & Events

VSoft Press Releases – 2014

2014 Press Releases

December 2, 2014 – VSoft to Present Webinar on RDC Platform
Expansion

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced they will be presenting an upcoming webinar on Wednesday, December 17, 2014. Christian Tomooka – Senior Solutions Engineer, VSoft Corporation, will present the webinar “RDC Platform Expansion – How a Unified RDC Platform Drives Efficiencies”. Financial Institutions that are evaluating their remote deposit capture strategy for its retail and commercial clients will benefit from this session. The webinar will highlight how ease of use, solution integration and risk mitigation create a simple and effective RDC platform. To register, go to https://www4.gotomeeting.com/register/246276175.

About VSoft Corporation

VSoft Corporation offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


September 25, 2014 – VSoft Presents at 2014 RDC Summit Tech
Showcase

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that they will be presenting at the annual RDC Summit Tech Showcase in Las Vegas on September 30th. They are a long time exhibitor and attendee of the RDC Summit and are excited to participate in the Tech Showcase for the second year in a row.

Christian Tomooka, VSoft’s senior solutions engineer, will present RDC Platform Essentials:Solution Integration, Risk Mitigation and System Interoperability on Tuesday, September 30th at 2:45pm. He will cover topics on platform independency, the SMAC approach, and RDC transformation.

VSoft’s remote deposit capture platform addresses the capture, validation, processing, and transmission of check images from all points of presentment. The flexible architecture facilitates the deployment of business rules that are appropriate for each point of presentment and institution. Their RDC solutions are designed with multi-institution capability from the outset, making it ideal for organizations processing transactions from multiple institutions

Hundreds of financial institutions attend the RDC Summit, which RemoteDepositCapture.com has been hosting since 2008. Attendees will learn from industry experts and are able to network with peers and leading RDC and payment providers. Representatives from VSoft’s Product and Sales teams will be in attendance as well as several of VSoft’s current RDC clients.

“We are excited to exhibit at the RDC Summit again this year,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “We look forward to sharing our session on RDC Platform Essentials with attendees and spending time with our clients and technology partners. See you at RDC Summit.”

About VSoft Corporation

VSoft Corporation offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


July 30, 2014 – Kern Schools Federal Credit Union Grows
Relationship with VSoft

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today they have partnered with Kern Schools Federal Credit Union to provide a Branch Capture solution as well as other back office solutions across the organization’s nine-branch network. Kern Schools, headquartered in Bakersfield, California, is the largest credit union in Kern County with over 160,000 Members and more than $1.2 billion in assets. The Credit Union will take advantage of VSoft’s Branch Capture solutions along with statements and archive solutions in an outsourced deployment.

VSoft offers image-based check and payment processing solutions on a unified platform. VSoft’s Branch Capture, selected by Kern Schools, will capture, correct, and perform preliminary validation on the documents in a batch of deposited items. Built-in, advanced recognition and automated image repair technology will reduce data entry and operator intervention while also reducing image quality return items.

“As Kern Schools has grown over the years, we have remained focused on our primary goal – serving our Members,” said Michael George, Senior Vice President of Operations & Marketing at Kern Schools. “VSoft’s solutions provide the technology needed to optimize efficiency across our branches. In today’s technology-driven environment, there is no question electronic item processing is a necessity. The question is which of the many software vendors providing this technology is actually investing in their solutions and is committed to giving their customers the type of service we provide our Members. For us, VSoft was the answer.”

Kern Schools will leverage VSoft’s data center, VServe, which delivers peak efficiency in a secure, reliable environment. The VServe data center is backed by an experienced team providing 24/7 support as well as a variety of payment processing services. Through an outsource deployment model, Kern Schools benefits from reduced expenses, improved operational efficiency, and a predictable cost structure.

“VSoft is excited Kern Schools Federal Credit Union has joined us as a data center customer. We recognized several years ago that financial institutions need a trusted partner for outsourced payment processing and have made significant investments in both technology and human resources to become the partner of choice. Kern Schools is a forward-thinking institution that works hard to serve its Members. I look forward to a lasting partnership with the Credit Union and am eager to support them in this and future initiatives,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation.

About VSoft Corporation

VSoft Corporation offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.

About Kern Schools Federal Credit Union

Kern Schools Federal Credit Union was founded in 1938, and was granted a federal charter on April 19, 1940. Residents of Kern County are eligible for Membership and receive the benefits of an extensive loan program, including home and auto, wealth management services, and a lifelong financial partner. With convenient locations in and around Bakersfield, Kern Schools’ Membership has grown to over 160,000 to become the largest Member-owned financial institution in Kern County, California. For more information, visit www.ksfcu.org.


July 30, 2014 – First Guaranty Bank Selects VSoft for Merchant
Capture and Payment Processing

Louisiana Bank Outsources Payment Processing Services to VSoft’s Data Center, VServe

ATLANTA – July, 30, 2014– VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Louisiana-based First Guaranty Bank selected VSoft’s Merchant Capture, Archive, Returns-in, and Duplicate Detection Solutions for its 21 branches. VSoft’s Merchant Capture solution gives First Guaranty Bank’s business customers the convenience of depositing checks remotely, while the Duplicate Detection application guards against multiple presentments of the same check. With Merchant Capture, deposit preparation time is significantly reduced and the bank’s business customers now have the opportunity for longer deposit cut-off hours.

The $1.4 billion bank will leverage VSoft’s solutions through an outsourced model hosted out of VSoft’s data center, VServe. First Guaranty Bank’s decision to outsource was driven primarily by the cost savings and overall efficiency the data center provides. The VServe data center ensures a stable, secure environment that enables the bank to bring new products and services to the market without a large capital investment.

“VSoft’s industry leading solutions accommodate our long term goals as well as our current needs,” said Richard Stark, Senior Vice President, First Guaranty Bank. “VSoft was the clear choice for us because the solutions were a good fit and we wanted a dependable partner to handle the processing in an outsourced fashion. Most importantly, we believe that our customers will directly benefit from this easy-to-use technology. First Guaranty values the relationship we have with each of our customers. Allowing our business customers to control the deposit process in a convenient and secure manner without an unnecessary trip to the branch allows them to focus on growing their business.”

“We are excited to provide First Guaranty Bank with our Merchant Capture solutions as well as a suite of other back office solutions,” said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “Over the last few years we’ve on-boarded many institutions to our data center. While these institution represent a variety of sizes, geographies and services we provide for them, all selected VSoft’s data center for fundamentally the same reason – to improve their operational efficiency by leveraging the data center’s dependable service, a solid infrastructure and technology. Given the success we have seen migrating other institutions, First Guaranty Bank can expect the transition to our data center to be seamless. We at VSoft look forward to serving First Guaranty Bank and not only playing a role in their continued success, but also making their business customer’s banking lives a little easier.”

About VSoft Corporation

VSoft Corporation offers platform-based services for the BFSI industry. Our core and payment processing services reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


May 13, 2014 – VSoft Corporation Selected by First Federal Lakewood
for Remote Deposit Capture Solutions

Financial Institution to Benefit from VSoft’s Solutions Hosted out of Data Center

ATLANTA – May, 13, 2014– VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that First Federal Lakewood, the largest independent mutual bank headquartered in Ohio, has selected VSoft’s Branch Capture and Merchant Capture solutions.

“The VSoft solution offers First Federal Lakewood and its business customers an easy to use and flexible platform for remote deposit capture,” said Deborah Brauer, AVP and savings service manager. “First Federal Lakewood and our customers also benefit from VSoft’s commitment to continuous investment in their check and payment processing platform.”

First Federal Lakewood will leverage VSoft’s data center, VServe, which provides full item and data processing services and features high capacity network systems with a dependable infrastructure. In addition to the capture solutions, the First Federal Lakewood will also benefit from VSoft’s Returns and Archive/Research services.

“We are excited that First Federal Lakewood selected VSoft for their remote deposit capture needs”, said Murthy Veeraghanta, chairman and CEO, VSoft Corporation. “VSoft has been fortunate, especially in recent months, to add new institutions to our family of clients that are not only looking for modern technology, but are also in search of a company that is committed to quality service and continuous advancement of their product offering. First Federal Lakewood can count on VSoft to deliver on each of these fronts.”

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions on a unified platform 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Apr 10, 2014 – Cummins Allison JetScan® iFX Now Certified on
VSoft Image Processing Platform with VSoft

Cost Savings and Efficiency Gains Benefit Banks and Credit Unions.

ATLANTA – April, 10, 2014– Cummins Allison, the leading innovator and provider of coin, currency, check handling solutions and ATMs, and VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that the JetScan® iFX cash, check and document scanner is now certified on VSoft’s Branch Capture solution. Financial institutions who use VSoft’s solution can achieve tremendous savings and efficiencies using the fastest desktop check scanning product available: JetScan iFX.

Check-intensive operations can easily replace existing check scanners with a high-speed JetScan iFX to capture check and deposit item images at speeds twice as fast as previous check scanners. This unique two-in-one scanner can also be used to process currency 20% faster than any other solution. VSoft’s Branch Capture application captures high volume deposits and facilitates correction and balancing at the branch. The solution can reduce the time spent managing transactions and instead get the transactions into the system more quickly and economically. This is also a welcome addition to RDC customers struggling with larger check volumes, as FIs add the JetScan iFX to their list of preferred check scanners.

One of the nation’s top ten banks is using the JetScan iFX and VSoft’s Branch Capture application to increase check processing efficiencies at their high volume branch locations. Due to the processing speed of the JetScan iFX scanner, branches are now able to process large volumes of checks that were previously held over or outsourced, realizing substantial savings. Bringing check capture back to high volume branches allows financial institutions to reduce outsourcing expenditures and realize improved profitability at branch locations.

Murthy Veeraghanta, chairman and CEO VSoft, states, “We’re excited to work with Cummins Allison, one of the most trusted providers in the currency processing industry. VSoft is committed to our customers’ success therefore bringing a new, faster check scanning solution to our customers makes sense. VSoft is pleased to certify this device and we believe it will help differentiate our offerings as well as help our customers achieve greater efficiencies.”

“The JetScan iFX is a unique solution that images deposit items faster than any other solution on the market. At a true 400 documents and 1,600 bills per minute, this dual-purpose counter and scanner enables faster, more efficient back counter capture, allowing FIs to move one step closer to the goal of branch automation,” said Frank Janezic, executive vice president, Cummins Allison. “By replacing slower check scanners with a compact device that also counts and images cash, users achieve process improvements, reductions in operating costs, and simplified training requirements. Beyond the financial benefits, these changes can result in higher employee morale and lower turnover.”

The JetScan iFX one-and two-pocket scanners are both certified on VSoft’s Branch Capture solution. They are the only devices of their kind and enable faster cash and check processing, streamlined remote deposit capture (RDC) and improved branch, vault, and merchant capture. For more information, visit cumminsallison.com/checks

About Cummins Allison

Cummins Allison is a global leader in developing technologies which count, sort, authenticate and scan currency and checks. The U.S.-based company has over a 125-year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. The company holds more than 350 patents. Cummins Allison is headquartered near Chicago, IL and has wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany, France and Australia. The company has an extensive sales and service network with more than 50 company-owned offices in North America and is represented in over 70 countries. For more information, visit cumminsallison.com.

About VSoft Corporation

VSoft Corporation offers image-based check processing and image exchange 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, including Remote Deposit Capture. Beyond the solutions themselves, perhaps one of the most compelling benefits VSoft offers is the ability to provide innovative solutions on a single unified platform. The solutions 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Feb 25, 2014 – Empower Federal Credit Union Grows Relationship
with VSoft Corporation

Credit Union adds Remote Deposit Capture Solutions on VSoft’s unified platform.

ATLANTA – February, 25, 2014– VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Syracuse, NY-based Empower Federal Credit Union has renewed their existing contract for check processing solutions and has added VSoft’s remote deposit capture solutions to its product offerings.

With 1.2 billion in assets and 19 branches, Empower Federal Credit Union is committed to building lasting relationships by meeting their members’ financial needs. Since 2010, Empower has partnered with VSoft to improve their member services through a variety of solutions including: Branch Item Capture, Merchant Item Capture, and Teller Item Capture, and more. The credit union selected an outsourced deployment model using VSoft’s data center. The data center is a popular alternative that delivers VSoft’s full suite of check and core processing software solutions and features high capacity network systems with a dependable infrastructure.

“We are excited to now offer our members the ability to deposit checks anytime and anywhere. VSoft’s RDC solutions will help us provide a new level of service and convenience for our members,” said Christine Ravas, Vice President of Operations at Empower Federal Credit Union. Ravas added, “We chose to expand our relationship with VSoft because of our positive experience with them as a technology partner.”

“We are pleased that Empower Federal Credit Union has decided to continue our partnership and are excited to expand our services with them”, said Murthy Veeraghanta, Chairman and CEO of VSoft Corporation. “Signing a new customer in this competitive environment is a great feeling, but it is more personally rewarding to me when an existing customer decides to expand their relationship with VSoft. Our customers are important to us; decisions like Empower’s tell me that we are serving our customers well, which is our ultimate goal.”

About VSoft Corporation

VSoft Corporation offers image-based check processing and image exchange solutions that that improve service, reduce cost and maximize efficiency for financial institutions. Its check truncation solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels, including Remote Deposit Capture. Beyond the solutions themselves, perhaps one of the most compelling benefits VSoft offers is our ability to provide our innovative solutions on a single unified platform.

VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Feb 21, 2014 – VSoft to Attend Major Financial Industry Conferences
Across the United States

VSoft Corporation will be on the road this spring attending CUNA GAC, BAI Payments Connect, and ICBA National Convention.

ATLANTA – February, 21, 2014– VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today it will be attending some of the largest industry conferences in the United States this spring.

This spring, VSoft will showcase their image-based check and payment processing solutions at CUNA GAC in Washington, DC, ICBA National Convention in Honolulu, HI, and BAI Payments Connect in Las Vegas, NV. VSoft is one of the few financial technology vendors that offers scalable solutions on a truly unified platform. VSoft solutions feature flexible architecture designed with multi-institution capability from the outset, which is ideal for growing institutions. VSoft invites attendees to stop by their booth to find out more about their remote deposit capture, image based-check, and core solutions.

“We enjoy meeting representatives of financial institutions and learning about the challenges they face,” said Murthy Veeraghanta, Chairman and CEO of VSoft Corporation. “Our goal is to address those pain points and provide a solution that makes sense based on their needs and future plans.”

About VSoft Corporation

VSoft Corporation offers image-based check processing and image exchange solutions that that improve service, reduce cost and maximize efficiency for financial institutions. Its check truncation solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels, including Remote Deposit Capture. Beyond the solutions themselves, perhaps one of the most compelling benefits VSoft offers is our ability to provide our innovative solutions on a single unified platform.

VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.


Jan 7, 2014 – VSoft Announces New Chief Operating Officer of
Data Center

Data Center, VServe, Inc., Continues to Grow Leadership Team.

ATLANTA – January, 7, 2014– VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today the hiring of Kevin Brauer, as the Chief Operating Officer of VServe, a division of VSoft.

VSoft’s data center, VServe, has experienced tremendous growth over the last two years. Currently VServe serves over 1000 clients through partner relationships. This growth is expected to continue as financial institutions look to outsource check processing operations.

Kevin will be responsible for overseeing the overall operations of the data center, ensuring that the productivity is effective and efficient, and driving successful improvements for maximum value. He joins the VSoft leadership team after more than 20 years at Alloya Corporate Federal Credit Union and brings extensive experience in the financial operations industry.

Brauer served on the board of directors for various organizations and foundations. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. He holds an MBA from Marist College and received cum laude recognition from Niagara University with a bachelor’s degree in business administration.

“We are pleased that Kevin is joining our VSoft leadership team,” said Murthy Veeraghanta, Chairman and CEO of VSoft Corporation. “He brings vast knowledge and experience within the financial industry along with a commitment to client service. VServe is critical to the success of VSoft and I know that we will see positive developments with Kevin involved.”

About VSoft Corporation

VSoft Corporation offers image-based check processing and image exchange solutions that that improve service, reduce cost and maximize efficiency for financial institutions. Its check truncation solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels, including Remote Deposit Capture. Beyond the solutions themselves, perhaps one of the most compelling benefits VSoft offers is our ability to provide our innovative solutions on a single unified platform.

VSoft’s services have been trusted by more than 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit www.vsoftcorp.com.