ATLANTA – Palmetto Cooperative Services has selected VSoft's branch capture solution to offer image exchange to its item processing credit union clients.
PCS is a wholly owned subsidiary of the South Carolina CU League. It is unique in that it has close partnerships with the league in not only South Carolina, but also North Carolina and Virginia. It also has item processing arrangements with VACORP FCU (Virginia's corporate) and First Carolina Corporate. These ties give PCS considerable reach when it comes to expanding its item processing business.
Currently, though PCS processes inclearing share drafts for 160 CUs, only 30 use PCS for check collection. They are all in South Carolina as close proximity is still vital for check collection. Mark Curran, senior vice president/business development for PCS, said with image exchange now expanding, having a physical presence nearby won't be as important in attracting collection business.
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