MOLINE, Ill. — I.H. Mississippi Valley Credit Union will be deploying image capture and returns software solutions and other Check 21 tools from VSoft Corp., the company and credit union said.

The deployment will allow the $602 million CU to create outgoing image cash letters for exchange with the Federal Reserve and to accept returned items as incoming image files and to print substitute paper checks for endpoints that cannot receive electronic cash letters.

"VSoft's check imaging and exchange solutions will allow us to move our payment processing system from paper to images, improving our operational efficiencies while enhancing services offered to our members," said Scott Zahnle, vice president of information technology at 86,000-member IHMVCU in Moline.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.