One the executives whose work helped establish check imaging in the U.S. warns that more credit unions need to pick up the technology or risk a competitive disadvantage with banks.
In March 2011 the Americans with Disabilities Act will require ATMs to offer voice-guided features making them easier to use for people who are blind.
Members of credit unions that use CO-OP Financial Services may soon be able to make deposits into their credit union accounts by taking pictures of them with their mobile phones.
Credit unions that participate in CO-OP Financial Services will soon be able to offer check imaging services to their small business and entrepreneur members.
When Wesley Wilhelm first began working with checks, the process included regular visits from the proof operator asking for explanations about reconciled items the back shop was preparing to ship.
About 50 credit unions are now using CO-OP Financial Services' new multi-mode mobile banking platform after the recent completion of its official launch.
"Last year our members saved about 60 tons of paper using electronic statements. That's the equivalent of two average-sized gray whales," said Teresa Halleck, president/CEO of The Golden 1 Credit Union in Sacramento.
Bellco Credit Union said it now has check imaging in place at 50 of its ATMs, following a February conversion to payment processing from CO-OP Financial Services.
Check imaging is now in place at 50 of Bellco Credit Union's ATMs, the $1.92 billion Colorado credit union said.
CO-OP Financial Services has partnered with NCR Corp. to offer outsourced ATM services to credit unions.