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ATLANTA — VSoft Corp. and Integrated Media Management have announced a joint offering of their services to help financial institutions meet the closure deadlines the Federal Reserve has set for its check processing centers.VSoft’s Check 21 solutions is combined with IMM’s TotaleReceipts automated teller receipt output software to reduce staff processing time and errors and enable faster end-of-day processing, the companies said.The two companies already have converted more than 25 credit unions from paper to electronic check processing in the past year.“The current plan for Federal Reserve closures has prompted more financial institutions to aggressively replace their paper-based processing system with check imaging. VSoft and IMM now offer these institutions full imaging to improve business processes that will reduce operating costs and improve customer service,” said Murthy Veeraghanta, president of Atlanta-based VSoft, which has more than 1,700 customers worldwide.New Jersey-based IMM provides automated document and imaging services to more than 600 credit unions and other financial institutions.page 12 jwaala ipay technologies.doc

Peter Westerman

Credit Union Times

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