Bluepoint Solutions Inc. has installed an in-house system at the$1.4 billion Schools Financial Credit Union in Sacramento, Calif.,to replace the item processing work it had been doing with a failedcorporate credit union.
|Functionality includes direct transmission and receiptcapabilities with the Federal Reserve, as well as dailyin-clearings processing, lockbox remittance, Check 21 imaging,branch capture and transient-file aggregation, the company andcredit union said.
|The company converted the 112,400-member Schools Financial toits end-to-end check capture and processing software in less thanfour months, they said.
|“With the impending phase-out and dismantlement of WesCorp, it was imperative that we find a new, reliable partnerfor our item processing,” said Jim Jordan, Schools Financialpresident/CEO.
|Henderson, Nev.-based Bluepoint Solutions said it now servesmore than 1,800 financial institutions.
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