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Clarion Federal Credit Union Selects VSoft’s OnViewTM Mobile Deposit Solution

August 1, 2018

ATLANTA--(BUSINESS WIRE)--Aug 1, 2018--VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Clarion, Pennsylvania-based Clarion Federal Credit Union with $90 million in assets has selected its OnView™ Mobile Deposit to provide the simple and on-demand access of remote deposit capture (RDC) to its members.

Mobile banking and mobile deposit use continue to accelerate. According to a new forecast from Juniper Research, more than two billion users will access retail banking services via smartphones, tablets, PCs and smartwatches in 2018, up 10 percent from 2017. Mobile accessibility has fundamentally shifted the way consumers expect to interact with their financial institution, and institutions like Clarion FCU and others are leading the pack to meet their members’ needs. With VSoft’s OnView Mobile Deposit, Clarion FCU’s members will be able to deposit checks anytime, anywhere and on any device with a built-in camera. This feature is critical as consumers expect more conveniences from their financial institution.

VSoft has successfully integrated its mobile deposit application with multiple mobile banking platforms, providing seamless transactions for consumers and efficiency for financial institutions. Additionally, VSoft’s OnView Mobile Deposit drives down the per transaction cost for financial institutions by capitalizing on widely used devices. It also features custom review thresholds to monitor deposit activity and prevent fraud, and offers real-time duplicate detection at the point of capture. OnView Mobile Deposit is available as a standalone application or included as an embedded feature of VSoft’s Arya digital banking platform. OnView Mobile Deposit is deployable in-house or outsourced via VSoft’s data center.

“We chose to implement VSoft’s mobile deposit solution because of their history of success and prominence in the financial industry,” said Mark Lauer, CEO of Clarion FCU. “VSoft’s experience with and openness to our current vendor mix made it an easy decision for us to onboard their mobile deposit platform. We’re excited for OnView Mobile Deposit to bring enhanced accessibility to our current and future members through our commitment to digital innovation and service.”

“As consumers expect more services from their financial institutions, offering secure and seamless mobile options to members will lead to improved member satisfaction,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “VSoft’s OnView Mobile Deposit is designed to provide consumers with the power and flexibility to make remote deposits at their own convenience, enabling financial institutions to increase the value of their offerings and attract new account holders. We look forward to partnering with Clarion Federal Credit Union to bring this solution to its members.”

About Clarion Federal Credit Union

Clarion Federal Credit Union was founded in 1940 and has remained one of the area’s most trusted financial institutions. Clarion Federal Credit Union has been committed to offering the residents of Clarion, Jefferson, Venango, and Forest Counties the very best in customer service and financial security. Clarion Federal Credit Union provides a wide variety of services and financial options for their members. They value the personal attention they are able to provide their members, and continually strive to improve their services to better meet their member’s growing financial needs. For more information, visit  www.clarionfcu.org.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking and financial services industry. Its core, payment and digital banking solutions reduce cost and maximize efficiency while providing seamless, real-time, high-volume and high-performance transactions across multiple channels. The VSoft platform can be delivered in-house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions. VSoft’s services have been trusted by financial institutions worldwide. For more information, please call 770-225-7692, or visit www.vsoftcorp.com, or follow them on Twitter @VSoft_Corp.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005603/en/

CONTACT: VSoft Corporation

Megan Ward, 770-840-0097

or

Mallory Wilkerson, 678-781-3076

mwilkerson@williammills.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA PENNSYLVANIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE MOBILE/WIRELESS PROFESSIONAL SERVICES BANKING

SOURCE: VSoft Corporation

Copyright Business Wire 2018.

PUB: 08/01/2018 10:31 AM/DISC: 08/01/2018 10:31 AM

http://www.businesswire.com/news/home/20180801005603/en

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