Archive for the ‘Press Releases’ Category

–Customer growth, expanded partner network and new product launches contributed to company’s success –

Henderson, Nevada. — Jan. 26, 2012 —Bluepoint Solutions, a leading provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, today released the company’s 2011 year-end results during its 11th annual Kickoff Meeting. The company reports record results in all business segments including customer growth and retention, the addition of new channel partners, and the develpoment and deployment of new technology solutions.

Bluepoint’s Chief Marketing Officer, Andrew Tilbury, said, “2011 was a year of spectacular growth for Bluepoint.  Our dedicated team of professionals continues to bring new and innovative solutions to our growing customer base of financial institutions.  We are especially excited about the additions to our channel partner network and their ability to bring our solutions to an even-larger number of financial institutions nationwide in 2012.”

In 2011, Bluepoint grew its direct customer base by 36 percent with a 99% percent retention level. In addition to the company’s record sales, it added 22 full-time employees to its staff roster and is in the midst of establishing a new corporate headquarters in Henderson, Nevada to accommodate future growth. Bluepoint’s expanding partner network significantly contributed to the company’s record performance this past fiscal year. Bluepoint now works with 7 corporate credit unions and credit union service organizations (CUSOs), giving more than 1,500 natural-person credit unions access to its suite of check capture, item processing and content management product lines.

Bluepoint also launched several new technology solutions in 2011 including a real-time check-fraud detection suite and a mailroom remittance solution to capture and electronically process incoming deposits and payments. The company also expanded its popular mobile deposit solution by adding several new mobile banking partners.

Tilbury continued, “Bluepoint constantly strives to develop new solutions and improve our existing applications with enhancements that leverage the latest technology and best practices.  We believe continued investment in research and development is necessary to provide our customers with solutions that meet new challenges as they arise and to give them the technology to provide their members with the best-possible experience and service.  In 2012 Bluepoint will be releasing a major upgrade to our FASTdocs application suite and we are focused on expanding our offering of content management, fraud detection and teller capture solutions.”

IRMO, S.C. & VISTA, Calif.–(BUSINESS WIRE)–PCSi, a credit union service organization (CUSO) specializing in item processing, and Bluepoint Solutions, a provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, today announced a partnership that will enhance PCSi’s remote deposit capture and processing offerings.

“This year, we’ve nearly doubled the volume of transactions we process,” said Ed Culpepper, CEO of PCSi. “Leveraging Bluepoint’s sophisticated technology ensures we are able to support that rapid growth, remain competitive and take our customer experience to the next level.”

PCSi processes approximately 15 million items per month. The CUSO will host Bluepoint’s item processing solution, ImagePoint Hub, to aggregate checks, create cash letters and transmit them for settlement to any endpoint. PCSi will also offer its member credit unions Bluepoint’s complete suite of Check 21 capture applications including branch, teller, mobile, home and merchant.

Bluepoint has helped credit unions nationwide convert from legacy check processing solutions to ImagePoint, its flagship check capture and item processing application suite.

“CUSOs are an integral part of the credit union movement and essential to its success,” said Bluepoint’s CEO and Founder, Hal Tilbury. “We are pleased to partner with PCSi to expand our reach among credit unions who are looking for leading-edge check capture and processing solutions.”

–Web-based portal improves mailroom operations, handles payments and deposits–

 

Vista, Calif.–Nov. 17, 2011Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced the launch of its ImagePoint Mailroom solution. The latest addition to the ImagePoint suite, ImagePoint Mailroom enables financial institutions to capture and electronically process both deposits and remittances, including credit card, mortgage, auto and other loan payments, received in the mailroom.

Bluepoint’s ImagePoint Mailroom application is a SaaS-based, automated processing tool designed to scan, sort, apply and split remittances and deposits, validate the data, then export it for clearing, posting and archiving. The system eliminates costly outsourcing fees and replaces manual, labor intensive first-generation applications. The web-based application operates in a secure cloud environment with no local software to install or maintain, allowing insitutions to quickly deploy the solution with minimal up-front investment.

“Financial institutions of all sizes need to constantly evaluate new technologies that help them improve productivity, particularly in payments processing,”  said Hal Tilbury, CEO and founder of Bluepoint Solutions. “Back-office remittance and deposits are areas where financial institutions of all sizes can leverage the benefits of electronic processing to lower costs and boost efficiencies.”

Bluepoint’s ImagePoint Mailroom application interfaces with the intstitution’s existing host system, loading all current, expected receipts plus all current account information. Operators do a quick pre-sort and then scan remittances, which the system matches to the expected receipts and account information, presenting unmatched items to the operator in an automated queue for review. Upon completion, the system generates an X9 cashletter file  that feeds directly into to ImagePoint to be included with all other items for clearing and archival, and a posting file that goes back to the host system and/or to separate accounting systems.

Bluepoint Solutions Launches Check Fraud Suite

October 11th, 2011 by Alissa

Bluepoint Solutions Launches Check 21 Teller Capture With Real-Time Fraud Detection and Batch Fraud Detection Application Suite

—Application enhanced with responses from Early Warning Services® flagging potentially fraudulent items at teller line and in back office—

CHICAGO –Oct. 11, 2011 — Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced during the BAI Retail Delivery 2011 tradeshow and expo today its relationship with Early Warning Services, LLC, a recognized leader in fraud prevention and risk management owned by five of the country’s largest banks, to launch a fraud detection application.

Bluepoint’s fraud detection application is available in two modules: a real-time module that is integrated with Bluepoint’s Check 21 teller capture application, ImagePoint Teller, and a batch module that works with Bluepoint’s branch capture application, ImagePoint Branch. The real-time module alerts tellers at the point-of-presentment to any suspicious check deposit. The batch module generates reports throughout the day flagging items being returned prior to an item being returned in the incoming cash letter.

Once a check is flagged as having a reasonable doubt of collectability, the institution can place an extended Reg CC hold on that deposited item, effectively protecting the depositing institution against a potential check loss. Notifications are used to protect both the financial institution and the account holder making the deposit from losses on bad checks.

“Working with Early Warning allows us to bring the same proven solutions in use by the biggest banks in the country to small and medium sized financial institutions facing the growing threat of check fraud,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “We are excited to enhance our applications with the established leader in detecting check fraud.”

Both Bluepoint’s teller and batch capture fraud detection engines are available immediately.

About Early Warning Services
Early Warning Services is a recognized leader in fraud prevention and risk management and is owned by five of the country’s largest and most respected banks. Those institutions — as well as hundreds of other financial services organizations across the country — exchange information and knowledge to obtain a single view of fraud activity across the enterprise and manage fraud on a cross-institution basis. Early Warning facilitates this secure exchange between these organizations and offers solutions for responding quickly to evolving fraud challenges. For more information, visit www.earlywarning.com.

Membership Enables Integration of Core Processing System and Check Imaging Solutions

VISTA, Calif.–Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced today during the Symitar Educational Conference and Technology Expo it has joined Symitar’s Vendor Integration Program (VIP). Symitar, a division of Jack Henry & Associates, Inc. (Nasdaq: JKHY), provides core processing solutions and enterprise-wide automation for approximately 750 credit unions.

VIP membership enables Bluepoint to integrate its ImagePoint product line with Symitar’s online banking and core processing systems. As a VIP member, Bluepoint has access to Symitar’s implementation, programming, quality assurance and testing support, eliminating most compatibility or technical issues that may have once challenged credit unions wanting to use this service.

“This membership is another way for Bluepoint to support our customers and ensure they have the best user experience,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “Our participation in the Symitar Vendor Integration Program will provide tremendous value to our clients running in a Symitar environment.”

The ImagePoint Home Capture and ImagePoint Archive integration with Symitar’s NetTeller Member Connect Internet banking system is available to users immediately.

About Symitar

Symitar, a division of Jack Henry & Associates, Inc., is the leading provider of integrated computer systems for credit unions of all sizes. Symitar currently serves more than 700 credit unions as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.symitar.com.

About Bluepoint Solutions

Vista, Calif.-based Bluepoint Solutions is a leading innovator in remote deposit capture (RDC), image-based item processing, enterprise content management and receipt management. Adhering to strict best practice standards, Bluepoint delivers proven technology solutions and consulting services designed to achieve the strategic goals of increased employee productivity, reduced operating costs, and improved customer service. Bluepoint’s family of products and services offer a complete, end-to-end, image-based item capture and payment processing solution. For more information, visit www.bluepointsolutions.com.

 

-Credit Union and Community Bank Track to focus on needs of regional, community-based institutions-

Bluepoint Discount Code

Vista, Calif. Sept. 1, 2011 Bluepoint Solutions, a 2010 CUNA Tech Council Best of Show winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, today announced their sponsorship of RemoteDepositCapture.com‘s new Credit Union and Community Bank Track at RDC Summit 2011 in Orlando, September 28-30. This marks the first year this track will be offered at the summit.

Remote deposit capture is something community financial institutions can do today to lower costs and attract consumers, said Andrew Tilbury, chief marketing officer of Bluepoint Solutions. This technology can place community financial institutions in a competitive position and can be particularly meaningful for those that might otherwise have difficulty competing with institutions with a much larger geographical footprint. Bluepoint is pleased to sponsor this track of sessions specifically geared toward the challenges and opportunities facing community banks and credit unions.

In its fifth year, Remote Deposit Capture Summit has revised and added to its content delivery in 2011 by creating a track-based schedule. One of three tracks, the Credit Union and Community Bank Track will feature such topics as:

  • What’s Holding You Back?
  • Mobile RDC for Credit Unions
  • Consumer & Mobile RDC Case Studies
  • RDC Risk Management

We are excited to have Bluepoint Solutions sponsoring the inaugural Credit Union and Community Bank Track at this year’s RDC Summit, said John Leekley, founder and CEO of RemoteDepositCapture.com.
Their leadership and innovation in this space makes them an obvious partner at an event focused solely on technologies in the RDC and payments industry that are enabling financial institutions to better serve their customers.

As a track sponsor, Bluepoint Solutions will also offer a $50 discount on RDC Summit 2011 registrations through its website. To receive this discount, visit www.RDCSummit.com and use code: Bluepoint50.

 

Bluepoint partners with multiple corporates, CUSOs; potentially impacts hundreds of credit unions using IMAGEin

Click here to get more information on the conversion program.

Vista, Calif. August 15, 2011 Bluepoint Solutions, a 2010 CUNA Tech Council Best of Show winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced a plan today that provides alternatives for check capture and item processing to credit unions that would be affected by the liquidation of Western Bridge Corporate. The program provides credit unions with the option of moving their item processing in-house or to another corporate credit union or CUSO without having to invest in new branch capture software.

Credit unions currently using IMAGEin from Western Bridge can choose to process cashletters directly with the Federal Reserve Banks, or they will be able to migrate their check processing services to any of Bluepoint’s corporate or CUSO partners. Bluepoint has partnered with Catalyst Corporate, Corporate America CU, Corporate One FCU, CUsource, Mid-Atlantic Corporate FCU, and Palmetto Cooperative Services to provide item processing solutions nationwide to credit unions of any asset size.

Hal Tilbury, Bluepoint’s CEO, said, “We are offering all credit unions affected by the potential liquidation of Western Bridge a smooth conversion path that will allow them to continue serving their members without disruption.  Credit unions currently using IMAGEin would be offered a free license to continue using their existing solution, minimizing the need for additional financial investment and eliminating the need to train staff on a new application.

The timing of the migration to either an in-house solution or to another third party provider would be based upon each credit union’s particular requirements and would be coordinated with the selected clearing provider.”

Tilbury continued, “In the last year, Bluepoint has successfully converted over 30 credit unions to processing cash letters in-house or with one of our partners. In light of NAFCUs recent recommendation that credit unions seek out alternatives to Western Bridge, they should no longer take a wait and see approach to their item processing.  Bluepoint stands ready to help natural person credit unions find the best solution now for their members and staff.”

  –Long time industry customer joins executive team to lead technical strategy–

Vista, Calif. July 5, 2011 Bluepoint Solutions, a 2010 CUNA Tech Council Best of Show winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, named Robert Graham, new chief technology officer (CTO). In this position, Graham oversees Bluepoint’s technology strategy, software development, and product development. He serves as the foremost expert on all ongoing technology initiatives within the company, shaping the complete customer experience while ensuring that the company is developing and deploying the appropriate products for the market.

With more than 25 years experience managing research and development, hardware and software deployment and ongoing technological support, Graham brings a unique perspective to Bluepoint. With a knack for translating technical language into layman’s terms, Graham’s vision will play a key role in Bluepoint’s continual expansion in the bank and credit union market, as well as expanding to new markets.

“We are very pleased to welcome Robert to Bluepoint,” said Hal Tilbury, founder and CEO of Bluepoint Solutions. “His experience in leading successful teams through strategy and execution, coupled with his infrastructure and networks development experience will be a vital asset to our continued growth. Bluepoint is dedicated to maintaining a strong and experienced executive base to accommodate growth, without sacrificing our commitment to quality. Robert’s proven record of efficiency and productivity through technology advancements, and his outstanding customer focused approach makes him a perfect addition to the Bluepoint team.”

Prior to Bluepoint, Graham was senior vice president and chief information officer of Calif.-based, Farmers and Merchants Bank, where his innovative approach to infrastructure and networks development resulted in more than $200,000 in yearly savings for the company. Prior to Farmers and Merchants, Graham was an engagement manager at Unisys Corporation, where he led the turnaround of a 4 million dollar client-server applications software project. As a result of that accomplishment, Graham received Unisys’ highest award, given to the top one percent of employees.

“Bluepoint has consistently delivered innovative technology solutions to the marketplace, which have been supported by industry-leading consulting services,” said Graham. “I’m looking forward to contributing to our ongoing success by translating our customer’s needs into appropriate products for the market. Facilitating clear and effective communication between our customers, support and service staff and developers will ensure timely delivery of sophisticated solutions and excellent value.”

WHO: Andrew Tilbury, chief marketing officer, Bluepoint Solutions

Lee Butke, CEO, Corporate One Federal Credit Union

Robert Coyan, senior vice president, Corporate One Federal Credit Union

WHAT: In this informational presentation, Bluepoint Solutions, the developer of the software that powers the IMAGEin branch capture solution, and its newest partner, Corporate One Federal Credit Union, will explain how current IMAGEin users can continue to leverage industry-leading software support, check processing and clearing services with no disruption to operations or member service.

This live session will provide specific and timely information about following topics:

  1. How will existing IMAGEin users transfer product support directly to Bluepoint, with NO additional costs or license transfer fees?
  2. What support options are available from Bluepoint and what are the benefits of working directly with Bluepoint’s team?
  3. Why is Corporate One FCU the leading wholesale financial services provider?
  4. How will the strength of Corporate One’s financial position benefit member natural person credit unions?
  5. What membership options are available with Corporate One?
  6. What processing and settlement services are offered by Corporate One?
  7. What is the next step to take advantage of this offer?

WHEN: Thursday, June 30 at 11:00 a.m.  12:00 p.m. PT/ 2:00,  3:00 p.m. ET

Live Q&A roundtable with entire panel at conclusion of presentation

Partnership allows credit unions to benefit from continued use of IMAGEin and the stability of strongest corporate in nation.

Vista, Calif. June 15, 2011. Bluepoint Solutions, provider of Check 21, remote deposit capture, item processing and enterprise content management solutions, and Corporate One Federal Credit Union, today announced a partnership designed to assist natural person credit unions currently using IMAGEin through their current corporate credit union to establish a relationship with Corporate One FCU for check processing and clearing services without any disruption to operations or product support.  Bluepoint developed the software that powers the IMAGEin branch capture solution specifically for corporate credit unions to deploy to their members.

“For credit unions using IMAGEin that are exploring alternative corporate relationships, this partnership allows them to protect their financial investment in IMAGEin, and prevent disruption of service to their operations and, most importantly, their members,” said Hal Tilbury, CEO of Bluepoint Solutions.

Credit unions that previously purchased licenses for IMAGEin through a corporate will be able to transfer existing licenses with no additional cost by switching product support directly to Bluepoint. Checks images will then be sent to Corporate One for processing and clearing. Credit unions will not incur additional licensing fees or software costs, other than support. Day-to-day operations of the credit unions will be unaffected, ensuring a smooth transition that is completely invisible to members and requires no additional costs or staff training.

As one of the few corporates not to lose any of its members’ capital investment during the recent economic crisis, Corporate One remains in a strong financial position with an existing business model that is both effective and efficient. Additionally, Corporate One already exceeds all capital ratios at the “well capitalized” levels, as outlined in the recently updated regulations governing corporate credit unions, as well as meeting all NEV ratios in both base- and stressed-case scenarios.

“We are extremely pleased to announce this partnership with Bluepoint Solutions,” said Robert Coyan, senior vice president of marketing and operations at Corporate One. “This new relationship builds on our philosophy of providing best-in-class services to credit unions, while making it as convenient and affordable as possible. We’re proud to offer credit unions a seamless alternative to looking outside of the credit union network for the processing and settlement of their items,” he added.

About Corporate One

Corporate One Federal Credit Union is a leading wholesale financial services provider to more than 775 of America’s credit unions. With more than $4.9 billion in assets under management, Corporate One offers correspondent services including ATM/debit and credit cards, share draft imaging, depository and electronic payment services and investments to credit unions across the United States. Corporate One also developed and manages Alliance One, one of the nation’s largest non-network-specific ATM selective-surcharging groups. For more information, visit www.corporateone.coop.