The $2.1 billion, 188,800-member Coastal Federal Credit Union in Raleigh, N.C. has added check capture by smartphone to its mobile offerings.
The mobile banking app offers a deposit check option. The software then confirms the check value and then transmits it for processing. Members are asked to retain the paper check for 14 days for record- keeping and then destroy it.
Coastal is one of the first to use mobile check deposit integrated into APTRA Mobile Banking from NCR, the Duluth, Ga., company said. Coastal launched that service earlier this year and said it now has more than 9,000 members signed up.
“Our members are really excited to have this mobile banking platform online and we see the adoption rate of this technology continuing to grow,” said Willard Ross, senior vice president and chief retail officer at Coastal.