Three more billion-dollar credit unions have committed to the DeposZip Mobile remote deposit capture solution offered by Vertifi Software LLC.
The subsidiary of EasCorp in Burlington, Mass., said they are $2.4 billion Addison Avenue FCU of Palo Alto, Calif., $1.4 billion Baxter CU of Vernon Hills, Ill., and $1 billion FORUM CU of Fishers, Ind.
The service provides RDC through downloadable applications available at the Apple Store for iPhones and Google's Android Market for Android phones. Check images are shot and validated on the device and then processed electronically through Vertifi for real-time posting and image access in members' accounts.
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Vertifi said its first three users have seen more than $25 million processed through that channel since the solution was launched in March. They are $3.6 billion Digital FCU in Marlborough, Mass., $4.1 billion Randolph-Brooks FCU in Live Oak, Texas, and $94 million Torrance Community CU in Torrance, California.
Vertifi was formed in 2009 and said it now provides capture and processing services to more than 175 financial institutions.
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