VSoft, a provider of process improvement systems for financial institutions, has announced that Marquette Savings Bank has selected its suite of applications.
The bank will implement VSoft’s Agile Branch – Back Counter (branch capture), Centrum Exchange (image exchange) and Centrum Returns Out (image returns). The implementation also includes an upgrade of the VSoft image statements and archive systems.
VSoft’s Agile Branch – Back Counter automates the validation and balancing of check-based deposits and payments. Marquette’s branch locations use check scanners to capture images and data. Items are then electronically transmitted to the central processing site, eliminating the need for courier services.
Once the images are received at the central site, VSoft’s Centrum Exchange prepares electronic cash letters for exchange with the Federal Reserve. If an endpoint cannot receive images, the system will print substitute checks. The bank also utilizes VSoft’s Centrum Returns – Out to process and transmit outgoing returns. Utilizing the imaging software, Marquette increases back-office productivity, expedites processing and reduces the cost of processing.