–Partnership broadens deployment of Check 21 capture, item processing solutions–

Washington D.C.,  Feb. 28, 2011 Mid-Atlantic Corporate Federal Credit Union and Bluepoint Solutions today announced from the 2011 CUNA Governmental Affairs Conference, a joint initiative to assist credit unions with lower check volumes adopt Check 21-enabled branch capture, and to enable credit unions of all sizes to easily convert check processing operations to Mid-Atlantic Corporate. Winner of the 2010 CUNA Tech Council “Best of Show” award, Bluepoint Solutions provides remote deposit capture, item processing and enterprise content management solutions to credit unions, corporate credit unions and CUSOs nationwide. As an industry leader, Mid-Atlantic Corporate was the first corporate to develop and implement a plan following the changes to NCUA Regulation 704, which enabled the corporate to focus on serving credit unions by providing quality payment services, loans, investments and ALM programs to meet their specific needs. These services include ALM, ACH, share draft processing, electronic bill payment, remote image capture, and much more.

Through this joint initiative, credit unions that process less than 2,000 over-the-counter items per month will now have access to Bluepoint’s ImagePoint Branch capture platform for an affordable monthly fee, without significant set-up costs. Once scanned, check images will be electronically transported to Mid-Atlantic Corporate’s data center for additional processing and clearing.

Rodney May, Senior Vice President of Member Services at Mid-Atlantic Corporate Federal Credit Union, said, “Credit unions with lower check volumes will now have access to the same technology used by much larger institutions. Working with Bluepoint, we’ve been able to remove many of the barriers that have traditionally prevented smaller institutions from installing this type of sophisticated check processing technology. Mid-Atlantic Corporate has more than 200 credit unions that can immediately benefit from this offering.”

Additionally, Mid-Atlantic Corporate and Bluepoint have initiated a conversion program to help credit unions of any size replace first-generation, legacy branch capture and check processing solutions with Bluepoint’s modern ImagePoint Branch platform. Credit unions that take advantage of this offer will be given a license credit, and will be able to send electronic cash letters to Mid-Atlantic Corporate for processing and clearing.

“Mid-Atlantic Corporate remains committed to our fundamental purpose of helping credit unions thrive and compete in the financial services arena. Providing them with the best technology solutions is an important part of that commitment,” said May. “Now more than ever, it is critical for credit unions to have a corporate partner they can rely on for financial stability, dependable service, and the best selection of technology solutions.”

Mid-Atlantic Corporate currently serves more than 900 credit unions, CUSOs, leagues and chapters in 44 states. The corporate currently leverages Bluepoint’s ImagePoint Teller, Branch and Merchant capture applications while running ImagePoint Hub in its data center.

May continued, “Mid-Atlantic Corporate is a conservatively managed corporate and as a result, we’ve remained strong and weathered the recent economic crisis. More than 650 credit unions have already committed capital, and we credit much of that to our sound fiscal policies, and the leading technology services and products we make available to our members. Bluepoint is a long-term partner of Mid-Atlantic Corporate and we look forward to many more years of working together.”

Bluepoint Solutions CEO and Founder, Hal Tilbury, said, “We have always been committed to the success of our corporate partners and we recognize the contributions of Mid-Atlantic Corporate to the credit union community. Bluepoint is pleased to expand our partnership with Mid-Atlantic Corporate to enable more credit unions the opportunity to benefit from the latest technology solutions.”

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.

About Mid-Atlantic Corporate Federal Credit Union

Mid-Atlantic Corporate Federal Credit Union and its members have been well-served by a conservative financial management approach. We are a federally chartered corporate credit union that provides quality investment, lending and payment services to a national field of membership. Mid-Atlantic Corporate serves over 900 credit unions, CUSOs, Leagues and chapters in 44 states. Services include ALM, ACH, share draft processing, electronic bill payment, remote image capture and more. For more information, visit Mid-Atlantic Corporate’s website at http://www.midatlanticcorp.org/.

–30 credit union clients gain immediate access to modern technology platform–

Vista, Calif. Jan. 27, 2011 CUsource, a Montana-based credit union service organization, and Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner and provider of remote deposit capture, item processing and enterprise content management solutions, have partnered to provide modern check processing technology to credit unions. CUsource will centrally host Bluepoint’s end-to-end item processing suite, as well as branch and home capture solutions.

“In mid-2010 CUsource began searching for a more advanced, comprehensive item processing platform,” said Shirley Bailey, President and CEO of CUsource. “After a thorough evaluation period, we determined that Bluepoint’s suite of check processing solutions would enhance the level and scope of service we provide to our member credit unions.”

CUsource, LLC is a Credit Union Service Organization (CUSO) in Montana offering quality products and services to credit unions and other cooperative organizations including data processing, print mail services, real estate services security services and draft services. The CUSO currently provides various draft services for 52 credit unions representing more than 400,000 members, and processes approximately 17 million items annually. Bluepoint’s solutions, including item processing, branch capture and home capture, will initially be implemented in 65 branches across approximately 30 different credit unions.

“We wanted a partner that understood and complemented our goals as a CUSO, and Bluepoint was the clear choice,” continued Bailey. “Bluepoint’s modern platform provides increased functionality in our existing product offerings and will support the addition of future offerings such as merchant capture. This is significant for all of our credit union clients, but is especially noteworthy for many of the smaller credit unions that up until now, have considered this type of technology out-of-reach.”

“Credit unions are being forced to do more with less,” said Hal Tilbury, founder and CEO of Bluepoint Solutions. “CUsource is leading the way in helping credit unions address this challenge by providing access to sophisticated technology. We are pleased to partner with CUsource to provide credit unions a single end-to-end check-processing platform that encompasses multiple capture points, image exchange and long-term archival and research.”

–Credit union takes item processing in-house with ImagePoint, adds comprehensive enterprise content management with FASTdocs–

Vista, Calif. Jan. 19, 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 that SunState Federal Credit Union, headquartered in Gainesville, Fla., has selected Bluepoint Solutions’ entire suite of item processing products with multiple capture solutions as well as Bluepoint’s full enterprise content management suite.

SunState Federal Credit Union operates eight branches throughout Florida, has more than 26,000 members and approximately $222 million in assets. Founded in 1957, the credit union was originally chartered to serve United States Department of Agriculture employees in Florida and has since expanded into a major financial resource for the community it serves.

“SunState FCU has taken a major step in fully automating its entire item processing and document management procedures, gaining efficiencies at virtually every point within the organization,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “Bluepoint is pleased to welcome SunState FCU as they join a growing number of credit unions that are bringing item processing in-house as part of an overall enterprise content management solution,” added Tilbury.

SunState FCU will be implementing Bluepoint’s complete end-to-end item processing suite, ImagePoint, including both branch and ATM capture points, a powerful aggregator, a multi-endpoint image exchange engine, and a feature-rich archive. In addition, the credit union will deploy Bluepoint’s full enterprise content management suite, FASTdocs, for distributed capture and member-centric storage and reporting, as well as Receipt Manager and Transaction Manager for enhanced transaction balancing and research. All of Bluepoint’s solutions integrate seamlessly, enabling universal access to all member information. Implementation on this new 5-year agreement begins in February.

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.

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 moves item processing in-house, streamlines operations, lowers costs–

Vista, Calif. Jan. 6, 2010 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, announced that New Mexico Educators Federal Credit Union, with headquarters in Albuquerque, has selected Bluepoint”s comprehensive line of ImagePoint products for in-house item capture and processing. New Mexico Educators FCU joins a growing number of institutions that will move item processing from a third-party outsourcer to an in-house environment.

With over 125,000 members and approximately $1 billion in assets, New Mexico Educators FCU is the largest credit union in the state of New Mexico serving members of educational as well as health care organizations throughout the state with 16 branches. The credit union processes 18,000 items daily, including inclearings and returns.

New Mexico Educators FCU had already been using Bluepoint’s branch and home capture solutions that it had purchased from Southwest Corporate (now Southwest Bridge) Federal Credit Union. Bluepoint provided the credit union with a no-cost transfer of its ImagePoint Branch and QwikDeposit Home software licenses so that both will now be supported directly by Bluepoint. The ImagePoint platform, including all points of capture, provides an enterprise-wide, paperless solution that automates the processing, archival and research of check images.

“We had considered other outsource providers for our check processing. But with Bluepoint, we realized that managing check processing in-house would be  more efficient and more cost-effective. Plus, Bluepoint’s Transition Program allowed us to take advantage of the branch and home capture licenses we already had, while maintaining the continuity of service to our members,” said Tom Hagan, SVP of support services at New Mexico Educators FCU.

“Bringing item processing in-house allows credit unions, like New Mexico Educators FCU, to gain considerable control and streamline operations, while saving time and resources. With Bluepoint’s comprehensive solutions, the credit union can make exponential gains in efficiency with a single, modern technology platform that handles everything from the initial point of capture, to image exchange with the Fed, to long-term archival,” said Bluepoint’s CEO and Founder, Hal Tilbury.

–New case study projects savings of $10,000 per month, improved member service–

Vista, Calif. Dec. 15, 2010 Bluepoint Solutions, 2010 CUNA Tech Council Best of Show winner, and provider of remote deposit capture, image-based item processing and enterprise content management solutions for financial institutions, announced the release of a new client case study. The study offers an in-depth look at JSC Federal Credit Union’s implementation of Bluepoint Solutions’ ImagePoint item processing suite and Receipt Manager solution, moving the credit union’s item processing from a third party provider to an in-house environment. JSC Federal Credit Union, headquartered in Houston, Tex., operates 16 branches throughout greater Houston, and has more than 116,000 members and $1.5 billion in assets.

“JSC has had an excellent relationship with our corporate credit union for over 10 years, but the ongoing crisis in the corporate credit union system left us with little choice but to look for alternatives to the item processing services it provided,” said Paul Maslonka, chief operating officer at JSC Federal Credit Union. “We evaluated several alternatives, and determined bringing the process in-house was the best strategy for our institution and our members.”

The credit union cited streamlined workflow, ease of use and the projected savings as the primary reasons for selecting Bluepoint’s ImagePoint item processing platform. Based on the credit union’s current volume of 14,000 checks per day, Bluepoint estimated total cost savings of more than $10,000 per month, or $600,000 over 60 months. “We took the savings gained from moving our item processing in-house and invested it in ImagePoint Teller and Receipt Manager for all 16 of our branches including the cost of adding scanners at every teller workstation,” said Maslonka.

“The initial setup was painless and our daily work has changed very little. Now we simply download and upload files directly with the Fed,” Maslonka continued. “JSC has fully implemented ImagePoint Hub and ImagePoint Foundation for cash letter creation, forward presentment and in-clearing processing, and is currently deploying ImagePoint Teller plus Receipt Manager for front teller line check capture and enhanced transaction balancing and research.”

Bluepoint Founder and CEO, Hal Tilbury, said, “We have examined hundreds of credit unions’ check volumes and item processing costs. By taking control of its item processing with ImagePoint, JSC has made an investment in a solution that will afford it long-term cost savings and will remain viable until the last paper check comes across the teller line.”

Click here to download the full case study: JSC Federal Credit Union Launches Bluepoint’s In-House Item Processing System.

–Branch capture licenses purchased from WesCorp and Southwest Corporate can be upgraded for free–

Vista, Calif. Nov. 18, 2010  Bluepoint Solutions, winner of the 2010 CUNA Tech Council “Best of Show” award, and provider of Check 21, remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced the immediate availability of a transition program for natural person credit unions that have branch capture software licenses purchased through Western Bridge Corporate Credit Union (WesCorp) and Southwest Corporate Federal Credit Union. The provider will honor existing licenses and is offering a complimentary upgrade to the most recent version of its ImagePoint Branch application when the credit union initiates a direct support contract with Bluepoint.

Bluepoint’s CEO and Founder, Hal Tilbury, said, “More than 1,000 credit unions are currently running Bluepoint’s branch capture solution through WesCorp and Southwest. The goal of the program is to allow these credit unions to continue using our solution that they know and trust without having to retrain their employees or make an additional financial investment. We are taking the lead from the NCUA Corporate System Resolution Plan and doing whatever we can to guarantee the continuity of payment services to credit unions and members. This is one way we can demonstrate our long-term commitment to the credit union movement.”

According to the NCUA, the first goal of its stabilization strategy is to prevent interruption of payment services to credit unions and the 90 million credit union consumers. Credit unions currently using branch capture solutions purchased from a corporate credit union can immediately transfer those licenses to Bluepoint with no service interruption or additional cost incurred.

Tilbury continued, “Credit unions have a lot of choices for their check capture technology and processing solutions.  We want them to know that Bluepoint will continue to work with them as they explore the best choices for their members.”

More information on the transition program can be found by visiting http://www.bluepointsolutions.com/transition.

–Bluepoint Solutions reports increased demand for ImagePoint; Adds 17 credit unions–

Vista, Calif.  Nov. 12, 2010 Bluepoint Solutions, winner of the 2010 CUNA Tech Council “Best of Show” award, and provider of Check 21, remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced 17 credit unions selected ImagePoint as their in-house item processing solution.

All 17 credit unions share a common desire to gain greater control over a vital operation,  eliminate third-party costs, and clear checks directly with the Federal Reserve Bank.  They range in asset size from $2.2 million to $2.8 billion, and are located nationwide including California, Texas, Minnesota, Utah, New York, New Jersey, Louisiana, Florida and Delaware.

Bluepoint’s CEO and Founder, Hal Tilbury, said, “Credit unions of all asset sizes, across all geographic regions, and with all types of memberships are demonstrating the value of moving their item processing in-house and taking control of this crucial operation. The benefits are both scalable and universal.”

City and County Credit Union, headquartered in St. Paul, Minn. with $339 million in assets, made the decision earlier this year to move its item processing in-house. CEO, Pat Pierce, said, “Moving item processing in-house effectively stabilizes the cost of our check processing.  We will no longer be subject to pricing fluctuations or service interruptions from third-party outsource providers. ImagePoint is sophisticated enough to manage both transit items and in-clearings, yet simple and intuitive for the end-user to operate. Our staff was up and running on ImagePoint in a matter of hours, with minimum training required. We were also able to bring additional value to our members by keeping costs low and giving them access to images of their deposited checks and receipts online through their internet banking.”

Bluepoint’s ImagePoint check processing solution aggregates check images from all capture points, including branch, teller, ATM, merchant, home and mobile. The application then creates electronic cash-letters for transmission to any endpoint, automating many of the traditionally labor intensive check processing procedures that were required when paper checks were a part of the process. With ImagePoint, financial institutions have the ability to automatically perform courtesy and legal amount recognition (CAR/LAR), enterprise-wide duplicate detection and MICR line correction and repair.  ImagePoint enables automated processing of on-us items, transit items, in-clearings and returns, as well as providing a feature-rich check archive that can be integrated with online banking for account-holders to view deposited items and receipts.

Tilbury added, “With the adoption of image-based processing, the costs and labor required to manage item processing in-house are negligible.  This innovative technology has significantly modified the item-processing environment because the value previously inherent to outsourcing the process is now non-existent.  In this new world, there simply is no need to outsource an important operation that can now be almost entirely automated by software such as ImagePoint.”

–Credit union expands relationship with technology partner, Bluepoint Solutions, to enhance its mobile banking application with mobile remote deposit capture–

LAS VEGAS, Oct. 19, 2010 Mountain America Credit Union announced today during the BAI Retail Delivery 2010 event, it has added mobile remote deposit capture capabilities to its mobile banking platform, enabling members to securely deposit checks with a camera-equipped smart phone, providing the added convenience of anytime, anywhere deposits. The credit union has teamed with technology partner, Bluepoint Solutions, to launch the service.

“We recognize how important the mobile channel is to our members,” said Tony Rasmussen

SVP eServices, eServices for Mountain America Credit Union. “Most consumers today have around-the-clock access to a mobile device, and are managing much of their daily life from some sort of handheld device. We launched our first mobile banking application roughly six years ago and the interest in this channel has increased exponentially in the last two years. Currently, we have more than 30,000 members using our mobile banking application. Our members view mobile capture as a necessity, therefore it was the next logical step for our overall mobile banking strategy.”

Mountain America’s members can now deposit checks from a smart phone by keying in the deposit amount and then — using the phone’s camera — take photos of the front and back of the check. The application then automatically performs multiple quality assurance and image correction functions to minimize image distortions, such as skewing or exposure inconsistencies, and ensure the images meet Check 21 and mobile image-quality standards. All transactions are transmitted with multiple layers of security and, if necessary, can be traced back to registered smart phones, marked with time and location, to combat fraud.

Mountain America selected Bluepoint Solutions’ QwikDeposit ToGo, which leverages Mitek Systems Inc. Mobile Deposit® software application. The platform has quickly become known within the financial services industry as the “Gold Standard” in image processing because of its unmatched ease of use, security, quality and accuracy.

Rasmussen added, “For our credit union, adding mobile capture was never a question of if we would do it, but rather, when and with which technology partner. In today’s market, it is critical to partner with companies that demonstrate stability, flexibility, as well as an ongoing commitment to innovation and modern technology. Our prior, experience with Bluepoint, combined with the due diligence we performed during the research phase of this process, confirmed they exemplify the qualities we seek in a partner.”

Once Mountain America completes its upgrade and install of mobile capture, it will accept check images from multiple capture points, including mobile, a member’s home or business, and at the teller line. Using the newest version of Bluepoint Solutions’ ImagePoint Hub, the credit union will have the ability to view any check image, at any point during the day, from any location “in real time” regardless of the check’s capture point.  This will allow them to manage multiple capture points from a central application and run fraud checks against the items no matter the deposit channel.  Once items are checked for duplicates, CAR / LAR verification and MICR line correction are completed and then the cash-letter is created for forward presentment. Bluepoint’s ImagePoint Hub provide a cost-effective, centralized check-processing platform that yields savings in time and money, as well as produces a streamlined workflow.

“Mobile capture gives credit unions the ability to offer members deposit capability from any location, at any time during the day, especially when combined with other capture points,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “The exponential increase in the usage of smart phones and robust mobile banking applications illustrates a fundamental shift in how consumers prefer to conduct their financial transactions.  For financial institutions who are looking to differentiate themselves in a crowded marketplace, the question is not should we implement mobile capture, but rather how quickly can we can get this service into the hands of our members.”

Mountain America Credit Union has 63 branches in four states, serves more than 343,000 members and has more than 2.8 billion in assets. Bluepoint Solutions is a Microsoft Gold Certified Partner and innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions.