Bluepoint Solutions Announces Record Performance in 2010

Mobile Capture and Item Processing Identified as Key Growth Areas for 2011–

VISTA, Calif., Jan 13, 2011 — Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, today announced record 2010 performance. Highlights include strong customer growth and retention numbers, plus expansion and further innovation within the company’s suite of technology solutions.

In 2010, Bluepoint Solutions experienced a 32 percent increase in the total number of new direct clients, with an existing customer renewal rate of over 95 percent. Bluepoint also experienced record growth in the industry’s adoption of its ImagePoint item processing solution, with 24 credit unions utilizing it to move item processing operations entirely in-house. Recognized by the CUNA Tech Council with the ‘Best of Show’ award at the BAI Retail Delivery conference, Bluepoint successfully launched one of the industry’s first RDC solutions for smart phones in July 2010.

With the dramatic increase in the use of smart phones, combined with consumer demand for mobile banking applications, the company has already experienced rapid adoption of the new solution, QwikDeposit ToGo.

“I am very proud of our team’s accomplishments and recognition this past year,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “Our performance in 2010 was very strong, capped by explosive growth in the fourth quarter. In-house item processing and mobile capture will be key areas for continued growth in 2011,” continued Tilbury.