AUSTIN, Texas -- Jwaala has expanded its product lineup to include an online honor deposit tool.
Called HomeDeposit, it had been a feature of the MoneyTracker online banking extension but is now being offered as "an independent solution to any institution wanting to roll out a full-featured consumer home deposit solution" at less cost than competing products, the company said.
The HomeDeposit feature works much like the UPost service created by eCU Technologies before that CUSO was acquired by Wescom Resources Group: The pre-qualified member logs the deposit online and then mails in the check and enjoys immediate access to the funds.
Jwaala (www.jwaala.com) is a CUSO of Amplify FCU. Along with MoneyTracker and HomeDeposit, it also offers a multi-factor authentication tool.