TALLAHASSEE, Fla. — Southeast Corporate has announced plans to expand its Virtual Deposit product.
To date the corporate has launched the branch capture feature of Virtual Deposit at more than 430 credit union branches throughout the southeast.
According to Kay Moon, senior vice president of correspondent services, Southeast is preparing to pilot Virtual Deposit's Merchant Capture which allows credit union business members the same advantages of Check 21 that credit unions have with branch capture.
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"With Virtual Deposit Merchant Capture a credit union business member will benefit from cost savings, improved operating efficiency, and expedited fraud detection. Because the product is Web-based members will be able to make deposits directly from their business at their convenience," said Moon.
Virtual Deposit teller capture will also pilot soon and testing of Virtual Deposit ATM Capture has begun.
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