ALEXANDRIA, Va. — State Department Federal Credit Union plans to offer its business members a new Web merchant capture solution from VSoft Corp.
The 66,000-member CU plans to first roll out the Agile Member solution to organizational accounts across the United States and then to State Department facilities globally, saving time and international courier fees associated with paper processing.
State Department FCU (www.sdfcu.org) serves more than 250 embassies and has more than 100 organizational accounts at schools, commissaries and recreation associations across the country.
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"The demand for merchant capture services arose predominantly from our overseas members," said Charlie Roberts, the $880 million CU's chief information officer.
The new solution will make funds available more quickly and allow business members to consolidate deposits, according to Atlanta-based VSoft (www.vsoftcorp.com), a provider of image-based exchange and processing technology to more than 1,700 financial institutions worldwide.
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