Billion-dollar credit unions add remote deposit capture to mobile banking offerings.
Las Vegas credit union says more than $11 million in checks processed through mobile channel since May.
Suburban Virginia credit union says 4,000 of its 27,000 members now using its mobile banking service since April launch.
Check capture by phone continues adoption among credit unions.
In just a very few years, credit unions have become persuaded that they need to play in the technology arena. And a related reality is the spreading belief that “technology may allow smaller institutions to very successfully compete against much larger ones,” said Tony Rasmussen, a senior vice president at...
Nearly 500,000 credit union members are now registered users of the mobile remote deposit capture service from Vertifi Software LLC.
The $2.1 billion, 188,800-member Coastal Federal Credit Union in Raleigh, N.C. has added check capture by smartphone.
Three words jump out of the just released report from Boston Mass research firm Aite Group about “Credit Unions’ Online and Mobile Channel Strategies”: mobile, mobile and more mobile.
They are the $377 million City & County Credit Union in St. Paul, Minn., and the $139 million Summit Credit Union in Greensboro, N.C.
A blog post on the Atlanta Federal Reserve Bank’s website is blunt: to stay competitive financial institutions need to offer mobile remote deposit capture.