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VSoft News & Events

VSoft Press Releases – 2016

2016 Press Releases

September 20, 2016 Haven Savings Bank Selects VSoft’s OnView Product Suite for Branch and Business Remote Deposit Capture

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that $895 million-asset Haven Savings Bank, based in Hoboken, N.J., has selected its OnView Branch Deposit, OnView Business Deposit as well as the complete suite of back-office processing applications. The solutions will streamline operational efficiencies while integrating into the bank’s core platform. Additionally, the bank will shift its check processing solutions to VSoft’s data center, an outsourcing alternative that delivers high-capacity network systems with a dependable infrastructure and tier-four level security.

Haven Savings Bank will use the OnView suite of products to facilitate payment processing services, data perfection, image exchange for inclearing and cash letters, fraud risk reduction, as well as research and archive functionality. The application’s open architecture includes business operations, rules and workflows, and data integration. VSoft’s single platform approach allows financial institutions to setup and manage business rules in one place that can be applied to deposits and payments across all channels.

Beyond bringing image capture to the branch, VSoft’s OnView Branch Deposit automates the validation and balancing of check-based deposits and payments. Haven Savings will seamlessly capture large deposits behind the counter, which will substantially increase back-office productivity, as well as expedite and reduce the cost of processing. OnView Business Deposit will allow the bank to offer their business customers an easy way to deposit multiple checks anywhere and anytime. Business customers will be able to reduce preparation time, overhead, operational costs, and branch visits by depositing checks using a variety of devices.

“As we continue to grow, we were in need of modern processing technology to not only improve bank operations, but also the customer experience,” said Paul Deponte, SVP, Corporate Secretary & Controller for Haven Savings Bank. “With VSoft, we felt like we would not only be gaining a best-of-breed solution, but a long-term, strategic partner. This was essential for us and we look forward to working with them to enhance our processes and provide outstanding service to our customers, both retail and commercial.”

“Consumer expectations have drastically changed the landscape of the financial industry. Financial institutions have to keep up with their accountholders’ desires by deploying new technology. For many financial institutions, it is not uncommon for multiple platforms from different vendors to be leveraged to support a single financial transaction or payment type, including check processing,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Innovative institutions like Haven Savings are quickly recognizing the need to adopt a more a unified platform built with modern technology and straight-through processing to ensure optimum processing capacity for large volumes, and provide efficiency, reliability and cost savings. In turn, they will drive growth, increase revenue and maintain a customer-centric view. We look forward to being a part of their transition.”

About Haven Savings Bank

Based in Hoboken, N.J., Haven Savings Bank has been providing a wide array of services to residents of New Jersey for more than 75 years. For more information, please visit www.havenbank.com/.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


September 14, 2016 IBERIABANK Selects VSoft’s OnView Mobile Deposit Solution

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Lafayette, L.A.-based IBERIABANK with $20 billion in assets has selected its OnViewTM Mobile Deposit to extend the convenience and cost savings of remote deposit capture (RDC) and transmission to its clients. The solution will seamlessly integrate with the bank’s digital banking system.

According to a recent report from Celent, more than half of mobile banking users have deposited checks through their mobile device. In fact, Celent expects this to increase and account for more than half of all retail bank deposits this year. IBERIABANK recognized this trend and is investing in technology that will help deliver a superior experience to its clients.

VSoft’s OnView Mobile Deposit provides bank clients with the ability to deposit checks anytime, anywhere using the device of their choice, including mobile devices. The solution allows clients to log on securely and remotely, while the built-in camera captures the check images, accepts them and sends them to the financial institution for verification. VSoft has successfully integrated its mobile deposit application with numerous mobile banking platforms. OnView Mobile Deposit is available as a standalone application or included as an embedded feature of VSoft’s IRISTM digital banking platform.

“For more than 129 years, IBERIABANK has maintained a strong focus on our clients, growth and a commitment to our community,” said Burt Chandler, SVP, director of Bank Operations at IBERIABANK. “As part of that commitment, we recognized a need to upgrade our mobile deposit service, but in doing so, we needed a true technology partner. VSoft’s existing relationship with our digital banking provider was crucial to ensuring a smooth transition. We look forward to working with them and the benefits OnView Mobile Deposit will provide our clients.”

For financial institutions like IBERIABANK, VSoft’s OnView Mobile Deposit ensures a lower per transaction cost by capitalizing on widely used devices. Additionally, it expands deposit options to account holders, which is critical as consumers expect more conveniences from their financial institution. The solution is available in-house or outsourced via VSoft’s wholly-owned data center. It also features custom review thresholds to monitor deposit activity and prevent fraud, and offers real-time duplicate detection across multiple channels at the point of capture.

“VSoft’s suite of solutions are designed to be not only flexible for financial institutions’ business requirements, but also scalable to accommodate growth,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “We have seen many of our large financial institution clients expand their business operations within the past few years. The OnView Suite will allow IBERIABANK ultimate flexibility while helping them increase productivity and improve service to their clients. We are excited to partner with them and look forward to a successful, long-term relationship.”

About IBERIABANK

IBERIABANK Corporation is a financial holding company with 299 combined offices, including 199 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, and Georgia, 22 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 67 locations in 10 states. The company has seven locations with representatives of IBERIA Wealth Advisors in five states, and one IBERIA Capital Partners, L.L.C. office in New Orleans. For more information, visit www.iberiabank.com.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


September 7, 2016 VSoft Corporation to Present at RDC Summit 2016

VSoft Corporation, a global provider of information and technology solutions for financial institutions, is joining several panels at the upcoming RDC Summit 2016 in Orlando, Fla.

During the panel, “Strengthen Your Commercial Clients’ Banking Experience with OnView Business Deposit,” Puneet Malhotra, senior vice president at VSoft Corporation, and Jarrod Hurd, vice president and treasury management director at CenterState Bank, will discuss how VSoft’s OnView Business Deposit provides commercial customers innovative technology that extends the convenience and cost savings of remote deposit capture and transmission to businesses that receive a regular volume of checks. CenterState Bank will also provide insight on how OnView Business Deposit is helping its commercial accountholders reduce preparation time, overhead, operational costs and branch visits by depositing checks anywhere, anytime. The panel will take place Wednesday, September 14 at 3:45 p.m. ET.

Additionally, VSoft’s Charlie Brinza, senior solutions engineer at VSoft Corporation, will join Phyllis Meyerson, executive vice president at ECCHO, during the session, “Dealing with Duplicates.” With the explosive implementation of RDC, financial institutions are keenly focused on minimizing duplicates while efficiently handling those duplicates that do occur. The handling of duplicates is dependent on legal considerations including the warranty against duplicate presentment. The challenge is how to mitigate duplicate presentment in today’s image exchange environment. During this discussion, panelists will discuss the common sources of duplicates, effective prevention and detection controls, and how the latest industry approaches dealing with duplicates. The session will take place Wednesday, September 14 at 1:15 p.m. ET.

Finally, VSoft will participate in this year’s RDC Software Lightning Rounds on new developments in acceleration, automation and innovation. Participating companies will discuss the latest innovations in RDC software as well as the advancements made in software architecture and design to improve product functionality, user experience and mitigate risk. The Lightning Rounds will take place Thursday, September 15 at 2:45 p.m. ET.

VSoft is also available for product demonstrations and interviews at its booth #T-8.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


July 12, 2016 VSoft Corporation’s Data Center Achieves 16 Percent Growth in Declining Check Environment

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that it has seen a 16 percent increase in total check volume processed through its U.S. data center even as daily check volume continues to decline year over year.

VSoft’s data center enables financial institutions to outsource their operational activities by providing item and data processing services. In spite of declining check volume across the industry, widespread increases in mobile deposit adoption, paired with onboarding of new data center clients, has led to the double digit growth. While the increase from 2015 to 2016 was largely driven by OnView Mobile Deposit, VSoft saw notable growth from traditional back-office applications as well.

Outsourcing continues to be an attractive option for financial institutions to gain operational efficiencies and reduce costs. The company continues to add new financial institutions to its data center as a result of increased interest in streamlining check processing services. Many of VSoft’s existing customers are migrating from an in-house deployment to an outsourced, hosted environment to leverage VSoft’s IT infrastructure and data processing expertise.

“Since the emergence of digital payments technology, check processing has continued to decline as more consumers use alternate forms of payments,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “This trend has led many financial institutions to search for outsourcing options to streamline operations and reduce costs. Through many industry changes, our data center has continued to see growth.”

VSoft’s data center provides a full suite of check and core processing software solutions to banks and credit unions of all sizes. Financial institutions can take advantage of an outsourcing alternative with VSoft, 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.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


June 15, 2016 VSoft Corporation Partners with Advanced Fraud Solutions to Increase Fraud Detection

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that it has partnered with North Carolina-based Advanced Fraud Solutions (AFS), a leader in providing fraud mitigation tools for financial institutions, to integrate its real-time fraud solution, TrueChecks®, into VSoft’s OnView Teller Deposit.

AFS offers a wide variety of innovative fraud prevention tools for check fraud, online banking fraud and debit or credit card fraud using sophisticated technology. Through this partnership, VSoft will offer AFS’s TrueChecks solution directly to its customers using its OnView Teller Deposit product. TrueChecks delivers real-time responses on counterfeit, insufficient funds, closed accounts, duplicates and other fraudulent items, which will enable VSoft’s customers to continue processing checks quickly at the teller line while further reducing the risk of fraudulent attacks.

“While check and other forms of fraud continue to be an obstacle for financial institutions and their accountholders, the demand for fraud mitigation tools is higher than ever before,” said Lawrence Reaves at Advanced Fraud Solutions. “Through our solution and new partnership with VSoft, their clients can assess risks and help decrease losses due to fraudulent activity. In turn, these financial institutions will reduce overall costs while safeguarding their internal information.”

In addition to providing real-time fraud alerts, TrueChecks integrates with VSoft’s OnView Teller Deposit interface to access fraud data from various sources. It also displays Regulation CC-recommended holds for high risk transactions to the teller while being transparent to the accountholder.

VSoft’s OnView Teller Deposit increases efficiency at the teller workstation by capturing, correcting, validating and balancing teller check transactions. Through deposit processing automation, institutions improve the speed of check transactions while also eliminating mathematical and paperwork errors that delay posting and crediting to accounts.

“As technology continues to advance, fraud mitigation tools are increasingly important as more and more financial institutions have experienced breaches that compromised consumer information,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “A partnership with an innovative company like AFS allows us to empower our clients by providing them with the tools to fight fraud. With nearly a decade of trusted fraud prevention knowledge, we’re confident that AFS will help protect our client’s information well into the future.”

About Advanced Fraud Solutions

Advanced Fraud Solutions delivers loss prevention tools for the front lines of financial institutions, providing a same-day batch solution for identification of high-risk transactions that include frontline, remote, ATM, or additional channels. For more information, please visit www.AdvancedFraudSolutions.com.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


March 29, 2016 CenterState Bank Selects VSoft’s OnView Business Deposit

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that one of Florida’s largest publicly traded banks, CenterState Bank, has selected its OnView Business Deposit solution to offer its more than 800 commercial remote deposit capture customers the convenience of depositing multiple checks in a single deposit.

VSoft’s OnView Business Deposit extends the convenience and cost savings of electronic deposit capture and transmission to businesses that receive a regular volume of checks. Commercial accountholders will reduce preparation time, overhead, operational costs and branch visits by depositing checks using a variety of devices. The configurable platform allows institutions to set up their commercial customers to either use a tethered check scanner, mobile device, or both.

“At CenterState Bank, it is very important to provide our customers with innovative solutions,” said Jarrod Hurd, VP and treasury management director of CenterState Bank. “Our goal was to find a long term partner to help us enhance our product offerings, especially for our commercial customers. Due to recent acquisitions and growth, we needed to select a new vendor and convert our customers in a very short time-frame. After an extensive selection process, VSoft’s OnView Business Deposit solution was the best choice. Their flexibility, scalability and resources will be a tremendous asset to help our customers reduce their overall operating costs.”

OnView Business Deposit uses a single platform so the commercial client can be set-up in the same place, using the same interface. This allows CenterState to deliver a unified set of risk management thresholds and a superior experience. The solution is tailored to business’ specific needs including role-based user management and self-administration, as well as multi-location functions. It also allows the teller to focus on other revenue-driving activities while promoting less foot traffic in the branch.

“We view OnView Business Deposit as an avenue for growth for institutions,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “As a highly relevant service, it is important for institutions to offer their commercial customers an innovative solution that is designed specifically to their everyday business banking activities. We look forward to working with CenterState Bank to help reduce their cost of operations, as well as provide their customers with a cost efficient solution.”

About CenterState Bank

CenterState Banks, Inc., headquartered in Davenport, Florida is a financial holding company with one nationally chartered bank: CenterState Bank of Florida. The Company operates through 74 branches operating in 22 counties throughout Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company also provides correspondent banking and capital market services for approximately 600 community banks nationwide.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


March 7, 2016 VSoft Celebrates 20 Year Anniversary as a Leading Provider of Financial Services

VSoft Corporation, a global provider of information and technology solutions for financial institutions, celebrates 20 years of supporting customers with industry leading software. Founded in 1996, the co-founders, Murthy Veeraghanta and Shekar Viswanathan, remain in leadership today., the co-founders Murthy Veeraghanta and Shekar Viswanathan, remain in leadership today.

Headquartered in Atlanta, Ga., VSoft serves financial institutions of all sizes in the United States and globally. With more than 2,600 customers today, the company has succeeded by adapting to evolving technology and supporting dynamic solutions that meet key business strategies. Initially known for its payment processing solutions, VSoft has evolved into a diversified company offering a wide variety of products and services. The company continues to remain competitive with a complete suite of payment processing solutions, including RDC, a core banking platform, CoreSoft, and a new digital banking platform, IRIS.

Since 1996, their customers have appreciated continuous product updates not only in additional feature functionality, but also a complete shift in the underlying technologies. VSoft is unique in the industry whereby, they have gone through three generational shifts in underlying technologies from client/server in 1990s, ASP browser in 2000s, and .NET technologies in the earlier part of this decade. Year 2014 marked another milestone year because they re-invented their platform yet again using HTML 5.0. IRISTM Digital Banking is the latest example of VSoft’s dedication to provide innovative, user-friendly solutions to their customers.

“We appreciate the relationships we have developed over the past 20 years,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “There is no doubt that our customers are the reason we have reached such an important milestone in VSoft’s story. As we look to the future, our commitment to reinvest in our technology and provide innovative solutions for our customers, will remain a top priority. The strength and longevity of our partnerships will give us the competitive advantage as we enter into new markets. We greatly appreciate the loyalty and dedication shown to us over the years, and we look forward to developing new partnerships in the years to come.”

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


February 22, 2016 Corporate America Credit Union Now Offering VSoft’s CoreSoft™ Solution to Member Credit Unions

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that Corporate America Credit Union (CACU), a not-for-profit financial cooperative, has selected its core processing platform, CoreSoft™, which will provide functionality, flexibility and operational performance to better serve its membership.

Following an extensive product evaluation process, Corporate America Credit Union selected CoreSoft to replace its existing core processing platform. The institution required a flexible system that will address its current business needs as well as provide a platform for growth. The primary requirements included strong change management and incident/problem management protocols, appropriate identification and authentication measures, a sufficient business continuity program, and the ability to meet superior service level agreements.

In addition to deploying CoreSoft themselves, CACU and VSoft have entered into a reseller arrangement where CACU will offer CoreSoft to its 500 credit union members. VSoft will host the solution for CACU in its data center environment which offers state-of-the art technology including advanced security and protection features.

CoreSoft is a comprehensive core processing solution that is built on advanced browser-based technologies. Based on Service Oriented Architecture (SOA), CoreSoft provides institutions with the highest level of flexibility, integration and value. Its unique parameter driven design enables institutions to quickly and efficiently adapt to the changing market needs without relying on a core vendor to write customizations.

By using the CoreSoft solution, Corporate America and its member credit unions will have a unified view of member information, can synchronize fragmented sources from multiple systems and help make truly member-centric business decisions. Additionally, with CoreSoft, Corporate America and its member credit unions will benefit from an enterprise-wide automation that significantly reduces processing time, reinforces financial management and strengthens regulatory reporting.

“Corporate America and VSoft have been partners for several years. We knew when we began our core system evaluation that we wanted to include VSoft in the mix as we compared multiple solutions from various software vendors. We were excited when the third party product evaluation determined that CoreSoft was a solid solution for us,” said Lisa Coffey, Chief Operating Officer at Corporate America Credit Union. “We want to offer our members a user friendly product that allows them to stay competitive in today’s industry. VSoft has the ability to customize CoreSoft to our unique requirements and future business objectives as well as specific needs expressed through our members. Our internal operations will be streamlined and more efficient by consolidating vendor management responsibilities to use VSoft as our core, digital banking, and image processing provider.”

“We are honored that our longtime partner, Corporate America, has chosen VSoft for yet another business critical application,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “We appreciate the confidence and continued support of our clients and we are excited to help Corporate America service its member credit unions in a unique fashion by leveraging the latest technology available.”

About Corporate America

Founded in 1982 and based in Irondale, Alabama, Corporate America Credit Union is a dedicated, not-for-profit financial cooperative governed by a board of directors elected from and by our member-owner credit unions. Corporate America serves 500 credit unions across the nation and seeks to add value to member credit unions by providing access to a comprehensive list of products and services including investments, liquidity solutions, and correspondent services such as ACH, item processing, and remote deposit capture. Our priority is serving the needs of our member-owners to help ensure their future success. For more information, call (800) 292-6242 or visit www.corpam.org.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


February 16, 2016 – Top 5 Digital Banking Activities Revealed in New Survey from VSoft Corporation

In a new survey from VSoft Corporation, consumers who currently use digital banking services identify their top five digital activities, which include (in order):
Balance inquiries (81%)
Online bill payment/ATF (72%)
Money transfers (60%)
Finding branch/ATM locations (45%)
Customer service support (37%)

Moreover, among consumers who have a financial institution, 99 percent say their bank currently offers digital banking services and 88 percent use at least one of those digital services. Conducted on behalf of VSoft by Harris Poll, the survey ran online from Oct. 29 – Nov. 2, 2015, and garnered responses from more than 2,000 U.S. adults ages 18 and older.

Also noteworthy – while perhaps not surprising – is that nearly three-fourths (72 percent) of consumers who use digital banking leverage their financial institutions’ bill pay service, which coincides with the trend towards non-cash transactions. This demonstrates the importance for financial institutions to adapt to the evolving technology landscape – fast.

“The continued growth in electronic and mobile payments along with the fact that Millennials – the largest and most tech-savvy generation in history – are maturing into adulthood, financial institutions are under immense pressure to keep pace with digital banking services as well as consolidate these channels to ensure a superior experience,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Because most banks and credit unions offer some kind of digital service, this is even more imperative to differentiate among competitive institutions.”

Download more information on VSoft’s digital banking platform, IRIS.

Survey Methodology

This survey was conducted online within the United States by Harris Poll on behalf of VSoft from Oct. 29 – Nov. 2, 2015 among 2,020 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Rebekah.Youngers@vsoftcorp.com.

About IRIS™

VSoft’s IRIS digital banking platform is device agnostic, allowing accountholders to address their banking needs anywhere and anytime. The solution features a responsive design, eliminating the need for separate products such as Internet, tablet, mobile banking and mobile deposit. The consolidation of products and the consistent, intuitive interface ensures a positive user experience while delivering the convenience users expect. The feature that resonates most with financial institutions is the single system approach. IRIS is one system that addresses multiple banking needs for both retail and business banking. Unlike other systems, IRIS features built-in imaging capability allowing retail and business accountholders to conveniently deposit a check using mobile deposit. Mobile Deposit is native to the application and does not require integration with a third party remote deposit capture vendor. For more information on IRIS, please visit http://www.vsoftcorp.com/products-services/iris/.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.

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Top 5 Digital Banking Activities Revealed in New Survey from VSoft Corporation


February 9, 2016 – VSoft Corporation to Host IRIS Webinar Series

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced a webinar series on its digital banking platform, IRIS.

Christian Tomooka, AVP of Solutions Engineering for VSoft Corporation, will present the webinar “Can Your Clients Find You Here?” beginning Thursday, Feb. 18, 2016. The series will highlight VSoft’s IRIS platform, which eliminates the need for separate products such as Internet banking, tablet banking, mobile banking and mobile deposit by streamlining all channels under a single access point to deliver a frictionless user experience. The webinar will also give financial institutions insight into the benefits of multi-device banking and highlight recent industry trends.

VSoft will host webinars on Feb. 18, March 3, March 17 and April 14. All sessions will be held from 2:00 p.m. to 3:00 p.m. ET.

Click here to register.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


January 26, 2016 – 9 Out of 10 Americans Expect Digital Banking Services, According to New Survey from VSoft Corporation

A new survey from VSoft Corporation found that nine out of 10 (89%) Americans expect a bank or credit union to offer some kind of digital banking service. Conducted on behalf of VSoft by Harris Poll, the survey ran online from Oct. 29 – Nov. 2, 2015, and garnered responses from more than 2,000 U.S. adults ages 18 and older.

The survey also found that 58 percent of Americans agree that the latest digital banking services are a top priority when choosing a financial institution. In fact, nearly half of Americans (48 percent) say they use more than one device – such as a mobile phone, tablet, or laptop/desktop – when banking digitally.

A recent report from Mercator Advisory Group, The State of Digital Banking in 2015, supports this trend, reviewing how digital banking is transforming into a full-featured suite of solutions across various deployment options, including computers, smartphones and tablets.

Ed O’Brien, director of Mercator Advisory Group’s Banking Channels Advisory Service and author of the report, said in a recent press release, “Households are using a wide variety of devices when banking, from computers to smartphones to phablets and tablets, depending on preference and the types of transaction or interaction desired.”

In response to these findings, financial institutions must invest in modern digital banking offerings that provide consistent user experiences across any device. Contrary to traditional multi-channel banking, a modern, consolidated platform streamlines multiple banking channels under a single access point. Customers can easily conduct transactional and non-transactional tasks using the device of their choice, but enjoy a consistent, intuitive interface that ensures a positive experience while delivering the convenience consumers expect.

“The evolving demographic coupled with the rapid growth of digital devices has resulted in a meaningful shift in consumer expectations,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Not only is digital banking expected by consumers, but multi-device banking has become the new normal. To remain relevant, banks and credit unions must invest in a digital banking platform that is device agnostic and features a responsive design.”

More information on VSoft’s digital banking platform, IRIS, is available for download.

Survey Methodology

This survey was conducted online within the United States by Harris Poll on behalf of VSoft from Oct. 29 – Nov. 2, 2015 among 2,020 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact Rebekah.Youngers@vsoftcorp.com.

About IRIS™

VSoft’s IRIS digital banking platform is device agnostic, allowing accountholders to address their banking needs anywhere and anytime. The solution features a responsive design, eliminating the need for separate products such as Internet, tablet, mobile banking and mobile deposit. The consolidation of products and the consistent, intuitive interface ensures a positive user experience while delivering the convenience users expect. The feature that resonates most with financial institutions is the single system approach. IRIS is one system that addresses multiple banking needs for both retail and business banking. Unlike other systems, IRIS features built-in imaging capability allowing retail and business accountholders to conveniently deposit a check using mobile deposit. Mobile Deposit is native to the application and does not require integration with a third party remote deposit capture vendor. For more information on IRIS, please visit http://www.vsoftcorp.com/products-services/iris/.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and digital banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.


January 12, 2016 – VSoft Corporation Partners with Banc Statements, Inc. to Offer Clients Statement Rendering Solution

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that it has partnered with Birmingham, Ala.-based Banc Statements, Inc. (BSI), a provider of outsourced printing and mailing statement solutions. This new relationship enables banks and credit unions leveraging VSoft’s existing solutions to now print and deliver DDA, savings, money market, line of credit and other financial statements to their accountholders.

BSI specializes in providing an outsource solution for printing and mailing of DDA and savings statements primarily to community financial institutions. Its services empower institutions to drive revenue by freeing up resources to focus on core business operations. BSI completely eliminates the hassle of printing, folding and stuffing statements in-house, allowing financial institutions to save thousands of dollars each year and simplify operations in the process. BSI also has additional processing plants in Dallas and Indianapolis.

“At BSI, we have developed valuable relationships with our partners and we value working with innovative companies like VSoft that have a long history and proven expertise in the financial industry,” said Bob Fairweather, president of Banc Statements, Inc. “I think there is a good fit and both companies have similar goals and cultures. We certainly look forward to the opportunity to work together as partners for many years to come.”

Outsourcing enables community banks and credit unions to achieve cost savings by eliminating equipment, long term leases, maintenance costs, supplies and labor. This increases the control of budgets by removing investments in print resources and equipment and decreases in-house administration. BSI’s procedures enable institutions to use custom stock and envelopes to maintain brand identity while allowing its production management team to focus on the print operations and delivery of DDA statements and notices.

“With BSI, clients achieve substantial cost savings while maintaining their brand identity and the ability to drive revenue in other areas of their business,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “This mirrors our goals here at VSoft, and we’re confident this partnership will not only be mutually beneficial but a huge value to our clients. VSoft constantly looks to expand our product offerings and BSI gives us another opportunity to add value for our current and future clients.”

About Banc Statements, Inc.

Based in Birmingham, Ala., Banc Statements, Inc. (BSI) specializes exclusively in providing community banks an outsource solution for printing and mailing of DDA and savings statements. BSI’s statement rendering services are highly secure, accurate and fast, and have been SOC 2 Type II audited. The company, which was founded in 2006, has recorded growth every year since it was established and has appeared on the Birmingham Business Journal’s list of the fastest growing companies in the Magic City. In 2012, BSI made the Inc. 5000’s list of fastest growing companies and was the fastest growing company of any Birmingham company with a three year growth rate of nearing 300 percent. For more information, please visit http://www.bsisite.com/.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking, financial services and insurance (BFSI) industry. Its core, payment and omni-channel banking solutions 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, please call 770-225-7692, or visit http://www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.