Corporate One, the $5.1 billion Columbus, Ohio-based corporate credit union, and Monet, Missouri-based Jack Henry Associates’ ProfitStars today announced an “expanded relationship” that will bring beefed up remote deposit capture settlement options to Corporate One members.
Additionally, ProfitStars’ Enterprise Payment Solutions (EPS) clients will have the ability to process a variety of electronic payment transactions without being required to become Corporate One members.
Senior vice president of marketing and operations at Corporate One, Robert Coyan, characterized the deal as “win-win for credit unions.” Already, Corporate One processes some 3.25 billion items per month, said Coyan, and as the enhanced ProfitStars partnership brings more volume to Corporate One the result will be increased efficiencies, according to Coyan.
Coyan added: “If you have a ProfitStars solution you can retain your investment in that technology and point the file transfer to Corporate One. We do the rest.”
In a prepared statement, David Foss, president of ProfitStars, elaborated: “The ability to process transactions in bulk and remotely through Corporate One’s deployment of the Alogent Deposit Automation Solutions is truly a best-case scenario for many of our EPS credit union clients. ProfitStars’ goal is to provide financial institutions with a complete range of solutions that can ultimately enhance their performance and profitability and Corporate One enables us to accomplish that goal with a proven, financially stable corporate partner.”