BURLINGTON, Mass. - EasCorp said at the end of May its eDeposit branch capture program processed one million items. The program has seen steady growth, with 79 credit unions from 12 states now performing branch capture through it. EasCorp has also launched a new version in eDeposit 1.1.O. "This upgraded version offers several operational enhancements. But the two most important are features that give credit unions a means to identify duplicate items and better quality control over the MICR line information through optical character recognition," said George Dow, assistant vice president, business development, for EasCorp. EasCorp's new eDeposit software also has a MICR code line mismatch feature, which allows credit unions to identify MICR errors contained within a file. "When images are tested for quality, the software also performs an OCR scan," Dow said. "If read successfully, the values are compared with those stored in the database. If there is a mismatch in any of the fields, the system halts and projects a warning, allowing the user to correct problems prior to file transmission."
From the July-05, 2006 issue of Credit Union Times Magazine • Subscribe!
EasCorp's eDeposit Program Eclipses One Million Mark in May
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
A Path Chosen Prudently
In today's complicated credit card landscape, choosing the correct path between self-issuance or agent banking...
Winning the War on Cybercrime: The Four Keys to Holistic...
This white paper examines the importance of adapting to changes in fraud attacks without significant...
FFIEC Proposed Guidance on Social Media and How it Affects...
To learn how you and your institution can stay compliant with the new proposed FFIEC...
The Rise of "Mobile Commerce" and How it Affects YOU!
Could plastic cards become a thing of the past? This white paper explains what constitutes...
Key Indicators of High Performing Credit Unions
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
