RDC Users Reach 100,000 at EasCorp
More than 100,000 credit union members are now using Eastern Corporate Federal Credit Union's remote deposit capture service for homes and businesses, the corporate said.
EasCorp's Vertifi Software subsidiary said its DeposZip solution is in place at 62 credit unions across the country and that it has processed 850,000 checks totaling more than $660 million since beginning the service in late 2007.
Its mobile RDC offering, meanwhile, has handled $41 million since it began early this year, EasCorp said.
An early adopter, the $826 million Hanscom FCU of Bedford, Mass., said its RDC users also tend to use more services from their credit union.
"We have 2,000 users, and on average, they have 7% higher share balances, 45% higher loan balances, 12% more share accounts and 30% more loan accounts," said Scott Post, the 44,000-member credit union's senior vice president of strategy and delivery.
Vertifi's software supports desktop and multi-feed scanners, as well as iPhones and Google Android smartphones. End-to-end processing through Vertifi allows real-time posting and immediate access to check images, the company said.
EasCorp claims its consumer RDC for financial institutions was the first of its kind in the world.