By Kevin Jepson

SAINT PAUL, Minn.-City & County CU came late to the paperless revolution but seems to have quickly made up for lost time, using 40% less paper over the past year.

Stuck in a vendor’s item processing contract until 2010, City & County here had to wait until last year to take full advantage of Check 21 technology, which helps reduce paper, said Patrick Pierce, president and CEO at the $360-million CU.

“Check 21 was the initial call for us to go paperless, but then we began noticing other efficiencies,” explained Pierce. “It made sense to deploy a range of paperless technology all at once in order to make the most of our members’ money.”

Last year’s Check 21 rollout included remote deposit capture, image capture at the teller and electronic receipts, all through technology provided by Vista, Calif.-based Bluepoint Solutions. Mobile deposit is coming to the CU next quarter, Pierce added.

City & County didn’t stop with Check 21 technology, implementing Bluepoint’s electronic content management system to index and access loans, account statements, membership cards, teller receipts, transaction data-”everything we used to keep in a paper folder for the member,” Pierce said.

The result is that City & County cut back on 4,000 pages of paper in one year, down to 61,000 pages, said Erin Coleman, vice president, Bluepoint Solutions. “I was startled at the progress City and County made in a short period of time.”

City & County now pushes paper as part of 74 business processes, down from 88 before deploying paperless technologies, Pierce added.

That’s despite the mountain of paper that accompanied the CU’s 279% monthly increase in indirect lending, a process that is typically paper-heavy. Regulations regarding the collections process have also required the CU to use more paper.

Normalized for the increase in lending volume and regulatory requirements, the paperless project accounts for a 37% reduction in paper, Coleman said. Paper specifically used in bankruptcies was reduced 97%, and the front line uses 45% fewer pages.

‘Significant’ Savings Expected

City & County has not yet investigated ROI from the technology, but cost savings are most likely “significant,” according to Pierce.

Pierce said he appreciates the way Bluepoint technology mirrors City & County’s “member-centric” approach to document management. “Everything goes into the member’s electronic file according to account number, just like we were doing with paper.”

When a member hands the CU a piece of paper, such as a check or loan document, the front-line scans each page immediately instead of stacking them up for batch scanning later.

“If you send loan documents to a scanning station, the loan officer will have to make a paper copy so they can refer to the documents meanwhile,” Pierce said. “Where’s the savings in that?”

City & County still sees a lot of paper in two areas-signature-based documents and human resources documents, he continued.

Once the CU deploys a new loan origination system next year, electronic signature technology will help eliminate signature-based paper, said Pierce.

City & County wants to be able to encrypt human resources documents before converting them to electronic processes, he said. Bluepoint will provide encryption capabilities in a future release and currently enables the CU to lock down documents with access permissions tools, Coleman said.

Pierce has mandated the paperless revolution at City & County, which is why the project has been so successful, said Andrew Tilbury, Bluepoint CMO. “The biggest obstacle we see among our clients deploying an effective content management system is that it doesn’t come from the top.” City & County employees must make a case for each piece of paper they use, he said.

March 1, 2012, City & County will join Bluepoint Solutions for a one-hour webinar to present and discuss the credit union’s deployment of FASTdocs one year after implementation. Click here to learn more about this session and to register.

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 11^th 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.”

NEW YORK, Dec. 8, 2011 — Inc. magazine today ranked Bluepoint Solutions NO. 2422, on its fifth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Bluepoint Solutions joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this
year’s list. Bluepoint Solutions is a provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions.

“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward.  Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.

In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.

Chairman and CEO of Bluepoint Solutions, Hal Tilbury said, “We are honored to be included among this prestigious list of organizations changing the landscape of today’s business environment. Bluepoint Solutions prides itself on delivering the most relevant solutions to the market and will continue to innovate as the industry evolves.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

Methodology

The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total
paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.

“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.”

Vista, Calif.–Nov. 17, 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 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.

Originally appeared in Credit Union Times | October 11, 2011

The increasing awareness of and demand for mobile deposit has placed credit unions at an interesting crossroads.

Waiting too long to launch the service places them at risk of losing members to competition. However, hastily rushing to market with a mediocre solution and fragmented strategy could be even more costly in the long run.

Click here to read the full article.

—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.

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.

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.

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.”