COLUMBUS, Ohio -- Corporate One has announced that it will begin offering a new edition of its automated capture and exchange, which is a remote deposit capture and image database solution that will give more management control to credit unions.
The new option, called ACE Independent, allows credit unions to acquire their hardware and software from the $4.2 billion corporate or purchase their own compatible equipment from another source.
"When Check 21 was early in its adoption by financial institutions, our full-service ACE solution helped to shoulder the risk and cost of entry for credit unions to step into electronic deposit automation. Now, as more credit unions see the benefits of processing their deposit items electronically and become more comfortable with the process, we feel it's important to give them more choices about how they'd like to manage this part of their branch and ATM operations," said Robert Coyan, senior vice president of marketing and operations.
Credit unions already using ACE have the option to continue to receive a turnkey edition from Corporate One. However, storage fees have been reduced by 66%, and the corporate has added new step-tiered pricing, which delivers volume-based savings. Corporate One estimates that the average credit union will realize an additional 20% savings.
"One of ACE's key differentiators is its least-cost-routing model, which allows us to route each image directly to the least expensive clearing agent," said Coyan. "This has helped us keep our costs lower, which in turn has allowed us to help migrate more of our members to this efficient and money-saving technology. Thanks to the support of our members, we have the volume and economies of scale to offer this new option and lower fees."