Bluepoint Solutions and Access Softek Launch Integrated Mobile Banking, Capture Platform
September 16th, 2010 by admin
–Industry leaders join forces to introduce robust mobile platform to community financial institutions–
VISTA, Calif. Sept. 16, 2010 Bluepoint Solutions, a Microsoft Gold Certified Partner and innovator in remote deposit capture (RDC), image-based item processing and enterprise content management (ECM) software technology for financial institutions, and Access Softek, a provider of home banking solutions for financial institutions, have partnered to offer community financial institutions a complete mobile banking application that seamlessly integrates mobile remote deposit capture capabilities. The integration of mobile banking and mobile remote deposit capture into a single application provides a more robust and user-friendly experience for the end-user.
Bluepoint’s mobile RDC platform, QwikDeposit To Go powered by Mitek Systems’ patented IMagePROVE technology, is now available as an integrated component of Access Softek’s proven Mobile Finance Manager, a downloadable online banking program that resides directly on a user’s smart phone. The integrated solution provides financial institutions with a sophisticated, complete mobile application that enables account holders to perform traditional banking services, as well as deposit checks, all from a single application on their mobile device.
“There is no denying the consumer demand for mobile banking services,” said Chris Doner, CEO of Access Softek. “The explosive growth of smart phones makes mobile remote deposit capture the next logical step for banks looking to offer a complete mobile application to account holders. Mobile banking users are primarily motivated by convenience. When an institution offers mobile deposit, it offers the most convenient deposit solution for its customers. This will inevitably result in getting a higher amount of deposits relative to institutions that do not offer mobile deposit. We have partnered with Bluepoint to extend our mobile banking application by integrating their best-of-breed mobile deposit technology. We are pleased to offer financial institutions a sophisticated mobile application that, until now, has been out-of-reach for most smaller institutions.”
Integrating mobile capture directly within a mobile banking application creates a more user-friendly experience, by allowing the accountholder to manage almost every banking function from the convenience of a mobile device. Industry analysts anticipate a high adoption rate for mobile remote deposit capture solutions, especially among current users of mobile banking applications. Juniper Research anticipates the number of people accessing banking services via mobile phones is set to increase to 816 million by 2011, a 10-fold increase since 2007. According to research conducted by research firm Mercatus, 59 percent of today’s mobile banking customers are likely to adopt mobile remote deposit capture if the technology is offered by their financial institution.
“Bluepoint has always been focused on bringing innovative technology solutions to financial institutions,” said Hal Tilbury, founder and CEO of Bluepoint Solutions. “Our most recent mobile RDC launch was met by incredible enthusiasm by small to mid-size institutions that understand that this technology will be important to current and future accountholders. We are looking forward to working with Access Softek to take this one step further, and launch one of the industry’s first complete mobile banking with check capture applications.”
Bluepoint Solutions Announces Mobile RDC
July 8th, 2010 by admin
“ Mobile deposit capabilities allow quick, convenient, secure transfer of funds”
VISTA, Calif. July 8, 2010 Bluepoint Solutions, 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, announced the release of QwikDeposit To Go, a sophisticated mobile remote deposit capture application. Powered by Mitek Systems patented IMagePROVE technology, Bluepoint Solutions QwikDeposit Mobile Capture application completes Bluepoint’s existing suite of Check 21 capture points.
Click Here for Detailed Product Information
“When implemented alongside our existing branch, teller, ATM, merchant and home capture applications, QwikDeposit To Go is an opportunity for institutions to provide a valuable service for account holders, while at the same time drive out operational and processing costs, as well as add efficiencies in the check processing timeline,” said Hal Tilbury, chief executive officer and founder of Bluepoint Solutions. “The fusion of Mitek’s advanced image quality technology with Bluepoint’s proven remote deposit capture and item processing aggregation engine provides institutions with a sophisticated and reliable mobile capture application. Having the ability to deposit checks at any time of day, regardless of location is a service that is extremely valuable to consumers.”
“The dramatic increase in the use of smart phones, combined with consumer demand for mobile banking applications has created a perfect storm for mobile capture,” adds Tilbury. “The emergence of mobile capture is a direct reflection of a larger shift in how people interact with their financial institutions remotely, 24 hours a day, on their schedule, and on the go. Financial institutions of any size must react to these trends to remain competitive. QwikDeposit To Go is a tool designed to help institutions do just that and as a result grow existing accounts and attract new customers or members.”
In a recent Mercatus Mobile RDC Adoption Research Study, Managing Partner, Bob Hedges, stated, “We expect consumers to significantly embrace mobile remote deposit capture and it will be the ‘killer app.’ With consumers placing a premium on convenience, mobile RDC has the potential to significantly change retail banking’s business model by providing a way for people to do basic banking without branches.”
Bluepoint’s QwikDeposit To Go enables consumers to securely deposit checks with a camera-equipped smart phone, providing quicker availability of funds and added convenience. Account holders initiate mobile-banking sessions, key in their deposit amount and simply snap photos of both the front and back of the check with their smart phone cameras. The software captures the check, formats the image, automatically corrects any image distortions or skewing and confirms 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, in order to combat fraud.
QwikDeposit To Go relies on a patent-pending software application from Mitek Systems Inc. (OTC: MITK.OB; www.miteksystems.com), called Mobile Deposit®, which is being embraced widely by technology applications providers like Bluepoint Solutions and financial services institutions of all sizes for its ease of use, security and the industry leading quality and accuracy of its image processing.
Mobile Deposit complies with all industry standards ”including Check 21″and was developed specifically to help banking institutions take advantage of the growing consumer acceptance of smart phone applications for the mobile Web, including mobile RDC, with the utmost security for every transaction.
“We think of Mobile Deposit as the ‘Gold Standard’in mobile RDC because of the acceptance of our application by all the major integrators and ASPs that cater to financial institutions,” said Mitek CEO James DeBello. “We’re very pleased that our partnership with Bluepoint Solutions further validates that trend.”
Bluepoint Solutions gives institutions the option of selecting a full licensed version of QwikDeposit To Go or they can take advantage of Bluepoint’s unique monthly use-fee delivery model. Additionally, institutions have the option to operate QwikDeposit To Go within Bluepoint’s SAS70-certified data center, enabling small to mid-size institutions to compete with much larger, nation-wide banks without making a large financial investment. Also included with the solution from Bluepoint is a proprietary online Marketing Center that provides institutions immediate access to a repository of professional-quality marketing collateral including statement stuffers, email campaigns and a variety of signage to build awareness and promote the new mobile deposit offering to the community.
“Mobile RDC allows smaller institutions to compete with larger, nationwide banks,” said Tilbury. “By bringing down the cost of mobile capture technology and making it easy for our customers to deploy, we are empowering the small-to-medium banks and credit unions we work with to better retain account holders and attract new ones. There is a lot of demand for this technology among the small to mid-size institutions and we look forward to making it available to our customers.”
Bluepoint Solutions Partners with SIGNiX to Offer Digital Signatures Through eSign & Capture
June 17th, 2010 by admin
Solution provides additional convenience, security and workflow efficiencies
VISTA, Calif. June 16, 2010. Bluepoint Solutions, a Microsoft Gold Certified Partner and innovator in remote deposit capture (RDC), image-based item processing and enterprise content management (ECM) software technology for financial institutions, announced a strategic partnership with SIGNiX, a provider of a digital signature solution that allows users to securely “sign” documents from multiple locations including the Internet.
Bluepoint’s eSign & Capture product captures PDF documents and automatically specifies where signatures are needed for execution. The document is then made available in-branch through the existing eSign platform for signature. In partnership with SIGNiX, eSign & Capture now makes the document available for digital signature through the SIGNiX service, after all the required in-branch signatures are collected. Once SIGNiX collects all required signatures over the Internet, the document returns to eSign and is automatically indexed and filed to Bluepoint’s ECM system, FASTdocs. The document owner is automatically notified via email when the process is completed.
“Financial institutions can now collect signatures online with the same level of confidence they have collecting signatures in-branch,” said Jay Jumper, chief executive officer of SIGNiX. “Digital signatures are more secure than traditional methods and stand uncontested in court, due to the use of sophisticated public key cryptography. By allowing customers and members to sign documents from outside the branch via our combined solution, banks and credit unions will save time and money by providing a convenient, paperless service without sacrificing security. We have a large installed base of users and have seen first-hand how this type of technology improves operations. We look forward to working with Bluepoint to bring this new capability to its clients.” eSign & Capture, enhanced with SIGNiX’s remote capabilities, expedites and streamlines the document-signing process by cutting out time-consuming steps in document processing. The solution eliminates paper document scanning and storage, while providing immediate enterprise-wide access to all electronic documents. By identifying which document fields require signatures and tracking those signatures as they’re added to the document, the software prohibits document archival until all necessary signatures have been obtained, ensuring compliance.
“We are pleased to partner with such an innovative provider,” said Hal Tilbury, chief executive officer and founder of Bluepoint Solutions. “Integrating SIGNiX’s technology further enhances the functionality of our eSign & Capture product as part of our overall enterprise content management strategy. This partnership is a result of our continued commitment to providing our customers with the most useful and innovative technology.”
About SIGNiX
SIGNiX, headquartered in Chattanooga, TN, offers a patented digital signature solution that enables individuals to “sign” documents via the Internet, over the phone or face to face, helping to increase speed, accuracy and security over traditional, paper and ink-based signature processes. Users become “known customers” through a web or call center session so that documents requiring a signature can be legally executed online without the costs or delays of paper processing. SIGNiX’s highly secure e-signature service, which requires no hardware installations or software downloads, enables companies to quickly obtain the necessary signatures to execute new contracts or authorize transactions, ultimately helping to turn more verbal commitments into legally-executed, revenue generating relationships. For more information visit www.signix.com.
Bluepoint Solutions’ ImagePoint Teller, Receipt Manager, FD Master Now Verified as Citrix Ready
May 19th, 2010 by admin
Company’s teller capture, transaction imaging, document management products trusted to enhance Citrix virtualization solutions
Vista, Calif. May 18, 2010. Bluepoint Solutions, a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions, today announced its ImagePoint Teller, Receipt Manager and FD Master products have been verified as Citrix Ready®. The Citrix Ready program helps customers identify third-party solutions that are recommended to enhance virtualization, networking and cloud computing solutions from Citrix Systems, Inc. Bluepoint’s teller capture, transaction imaging and document management solutions completed a rigorous verification process to ensure compatibility with Citrix XenApp5, providing confidence with joint solution compatibility.
The Citrix Ready program makes it easy for customers to identify complementary products and solutions that can enhance Citrix environments. Customers can be confident that ImagePoint Teller, Receipt Manager and FD Master have successfully passed a series of tests established by Citrix and can be trusted to work effectively with XenApp 5.
ImagePoint Teller enables the easy and efficient capture of check images at the teller line, resulting in additional cost savings, operational efficiencies, fraud prevention possibilities and improved service to account holders. Receipt Manager integrates with the existing teller transaction flow, storing the receipt data electronically and making it available to authorized users throughout the entire institution. FD Master offers a flexible, easy-to-access and speedy interface for scanning and importing documents and data to a robust, object-oriented database.
Citrix Ready products are featured in an online catalog at www.citrixready.com and carry the Citrix Ready logo.
“As a member of the Citrix Ready Program, we are able to offer our customers intelligent solutions that combine our products with the Citrix XenApp 5 product,” said Hal Tilbury, president and chief executive officer of Bluepoint Solutions. “The offering clearly demonstrates our plans to work closely with trusted partners, through the Citrix Ready partner ecosystem, in order to provide the highest quality experience for our customers.”
Bluepoint Solutions Appoints Alfred Riedler Chief Financial Officer
May 12th, 2010 by admin
Industry veteran joins executive team to lead financial activity
Vista, Calif. May 12, 2010. Bluepoint Solutions, a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions, named Alfred F. Riedler, new chief financial officer (CFO). In his new position, Riedler is responsible for accounting, financial planning and analysis. He will work to establish and monitor key performance indicators, while increasing the value of Bluepoint Solutions.
Riedler brings more than 20 years of experience in the technology and financial services industries. Most recently he served as a financial consultant for Australian online gaming company Shoreline Marketing while it completed a reverse triangular merger. Prior to Shoreline, he acted as CFO at the software technology firm Retail Pro, Inc. where he assisted the company in its move from public to private.
“We are very pleased to welcome Al to Bluepoint,” said Hal Tilbury, founder and CEO of Bluepoint Solutions. “His experience managing the financial performance of high technology companies will be an asset as our growth continues to accelerate. Bluepoint is dedicated to maintaining a strong and experienced executive base to accommodate growth, without sacrificing our commitment to quality. Al’s proven record of growing revenue and reducing expenses makes him a perfect addition to the Bluepoint team.”
Prior to his tenure at Retail Pro, Riedler was CFO at security technology provider St. Bernard Software, where under his guidance the company was named a Deloitte & Touche Fast 50 company for three consecutive years. He had also previously worked as CFO at Bluebird Systems. Riedler holds a bachelor of science in business administration degree from the University of Nebraska at Omaha.
“Bluepoint recently celebrated its 10th year of business,” said Riedler. “Having seen what a profitable year 2009 was for the company, I look forward to helping Bluepoint increase revenue and reduce cost in order to meet the financial goals of 2010 and beyond: rapid and continued growth while maintaining a stable foundation.”
Bluepoint Solutions Certifies Canon imageFORMULA P-150 Scanner as FASTdocs Ready
May 12th, 2010 by admin
Compact size ideal for capturing documents at point-of-presentment
VISTA, Calif. May 05, 2010. Bluepoint Solutions, a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions, has certified the Canon imageFORMULA P-150 Scan-tini Personal Document Scanner as FASTdocs ready. FASTdocs is Bluepoint’s premiere client-centric, electronic document management (EDM) solution.
Bluepoint’s FASTdocs solution enables scanning and electronic sharing of items at multiple workstations within a financial institution, even between branches. The imageFORMULA P-150 scanner measures only 11-inches long, 3.7-inches wide and 1.6-inches high and weighs approximately two pounds. The device’s compact size makes it ideal to deploy at individual workstations throughout a financial institution. When combined with FASTdocs, the P-150 scanner supports Bluepoint’s best practices approach, including capturing documents at the point of presentment and making document images immediately available to all end-users throughout the organization. This approach improves data integrity by eliminating the need to physically transfer documents and minimizes the number of employees required to handle the document.
“We have always encouraged our clients to capture documents at the point-of-presentment,” said Hal Tilbury, founder and CEO of Bluepoint Solutions. “This is critical if financial institutions want to fully take advantage of the cost-savings, work-flow efficiencies and improved accuracy of data afforded by an electronic document management. The economical price point combined with the compact size of the Canon imageFORMULA P-150 scanner makes this a logical scanner to pair with our FASTdocs solution.”
Bluepoint’s approach to document management is rooted in proven best practices. According to this approach, capturing documents should take place at the point-of-presentment. Bluepoint has helped hundreds of financial institutions improve their electronic document management strategies by implementing best practices including member-centric filing systems, intuitive file structures, the ability to capture all document types regardless of the presentment point and finally, the institution of a universal document repository.
City and County Credit Union Selects Bluepoint Solutions’ ImagePoint Item Processing Suite, Enterprise Content Management Platform, Receipt Manager and Disaster Recovery
February 23rd, 2010 by admin
Credit union cites best-practices approach as determining factor in decision
City & County Credit Union, headquartered in St. Paul, Minn., today announced its selection of Bluepoint Solutions’ ImagePoint, its complete point-to-point item processing suite, enterprise content management platform, receipt and transaction management tools and disaster recovery. Bluepoint Solutions is a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions.
“What began as a search for a home capture solution to better serve our members evolved into a full-blown campaign to evaluate and address all of our enterprise content management needs,” said Pat Pierce, CEO of City & County Credit Union. “As we got deeper into the evaluation phase, we uncovered several areas in the credit union that would benefit from a more sophisticated document management solution. After a systematic search, we determined that Bluepoint was the only provider that could satisfy all of our operational requirements, while adding the desired workflow efficiencies and functionality.”
City & County Credit Union operates four branches, has more than 41,000 members and $339 million in assets. The credit union cited Bluepoint’s unique best practices approach as the primary factor in its selection. Based on proven industry best practices, Bluepoint’s solutions are designed to improve client service, enhance business continuity, improve productivity and increase operational efficiencies. Additionally, its technology is member-centric, allowing it to align with the systems and procedures commonly found within a credit union environment.
Pierce continued, “After evaluating and meeting with several providers in the market, we were very impressed with Bluepoint’s best practices approach and their knowledge of how credit unions operate. It was clear their team held years of experience and had proven solutions to each challenge we presented. We determined Bluepoint’s best-practices approach would satisfy all of our requirements and significantly improve our processes. Additionally, the member-centric approach allows us to better serve our members. Other systems we examined were siloed according to department or document type; having all of the information organized by member is much more productive in a credit union.”
City & County will be implementing Bluepoint’s teller capture platform (vs. the alternative, branch capture), which follows Bluepoint’s best practice recommendation of capturing documents at the point-of-presentment.
“We are looking forward to moving the entire credit union to an image-based environment and shifting away from paper-based operations,” said Pierce. “We made the decision to capture items at the teller station to not only improve our internal workflow, but also the overall member experience. If there are any questions about a document, our tellers will have the information at their fingertips to respond immediately. This will also eliminate the end of day rush to balance and get items processed.”
Pierce continued, “Once the entire suite is implemented, we’ve estimated the initial hard cost savings alone will amount to more than $250,000 over the next seven years. This does not include the soft savings in reduced time spent on research, reduction of errors due to keystrokes and the improved member service.”
City & County Credit Union has invested in a sophisticated content management and remote deposit capture strategy leveraging the following Bluepoint products: ImagePoint Teller Capture, Receipt Manager with Transaction Manager, ImagePoint Remote (QwikDeposit Home), ImagePoint Hub, ImagePoint Foundation, member-centric Enterprise Content Management platform and disaster recovery.
ImagePoint Capture enables the capture of items remotely or at the teller line, ImagePoint Hub aggregates and forwards presentment of items and ImagePoint Foundation provides central item processing functions and image exchange. When used together, the ImagePoint Platform provides a complete end-to-end solution from the earliest point of presentment to full “Day Two” processing for inclearings, returns and a full, feature-rich permanent archive for storage and research.
Receipt Manager integrates with the existing teller transaction flow, storing the receipt data electronically and making it available to authorized users throughout the entire credit union. Bluepoint’s Enterprise Content Management platform integrates with ImagePoint and Receipt Manager to provide a flexible, member-centric file system to manage all scanned and imported documents electronically, and create valuable reporting tools to analyze and review member data.
“Bluepoint is celebrating its 10th year in business this year,” said CEO and Founder, Hal Tilbury. “For the past decade, we have established best practices that when implemented, can save credit unions hundreds of thousands of dollars, uncover hours of lost productivity and significantly help their front and back offices better serve their members. City & County’s executive team is making an investment in their future and we are very proud to be the partner selected. Our team will start with a comprehensive evaluation of the credit union’s current processes and then implement our solutions to drive efficiencies throughout the organization. We look forward to working with City & County on this endeavor.”
Bluepoint Solutions Signs Four New Clients in December, Strong Finish to 2009
February 22nd, 2010 by admin
Institutions purchase various ImagePoint modules for item processing and remote deposit capture
Bluepoint Solutions, 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, announced a strong end to 2009, signing four new financial institutions to its growing roster of clients during the month of December. The financial institutions include: Kennebec Savings Bank, City and County Credit Union, South Carolina Federal Credit Union and Honda Federal Credit Union.
All four institutions selected at least one module from Bluepoint’s ImagePoint solution suite, an end-to-end image-based check clearing solution designed to help financial institutions of all sizes better manage item processing. The ImagePoint platform is composed of three integrated product families: ImagePoint Capture for remote capture of items; ImagePoint Hub for aggregation and forward presentment of items; and ImagePoint Foundation for central item processing functions and image exchange. ImagePoint products may be used separately or together providing a complete end-to-end solution from the earliest point of presentment, to full “Day Two” processing for inclearings, returns and a full, feature-rich permanent archive for storage and research.
“We celebrated many company milestones in 2009 including officially launching our end-to-end ImagePoint item processing solution suite,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “We are very pleased to see how many financial institutions have embraced our philosophy to provide a modern, sophisticated alternative to legacy systems. In what is typically characterized as a slow, holiday month, we saw continued activity and interest in our products thus closing the year on a very strong note. We credit this success to our dedicated team of professionals that not only understand the challenges facing the financial industry, but know what solutions are needed to meet the individual needs and business goals of each institution.”
Based in Augusta, Maine, Kennebec Savings Bank ($717 million in assets) selected various modules of Bluepoint’s ImagePoint item processing solution suite including the branch, ATM and merchant capture modules, as well as ImagePoint Hub, which aggregates the captured images and data in a sophisticated, centralized, intuitive filing structure, regardless of the initial capture point, and presents the items to payment processing systems.
City and County Credit Union ($344 million in assets) is based in St. Paul, Minn. and operates four branches in the surrounding area. The credit union selected a full end-to-end item processing suite from Bluepoint including, ImagePoint’s teller capture and member/home capture modules, ImagePoint Hub and ImagePoint Foundation for sending, receiving, returning and archiving items. The credit union also purchased Bluepoint’s Receipt Manager with Transaction Manager to gather, store, index and report on all transaction information presented or captured at the teller window; as well as Bluepoint’s Enterprise Content Management platform and its Virtual Back Up Disaster Recovery solution.
Headquartered in Charleston, S.C., South Carolina Federal Credit Union ($1.46 billion in assets) operates 20 branches and serves more than 164,286 members. The credit union selected ImagePoint modules including teller capture, merchant/business member capture, home/member capture and ATM capture, as well as ImagePoint Hub. The credit union also selected Bluepoint’s Receipt Manager with Transaction Manager for advanced research.
Finally, Honda Federal Credit Union ($534 million in assets), located in Torrance, Calif., selected Bluepoint’s ImagePoint Remote, home/member capture solution, to better serve its dispersed member base. With a large global membership, offering home/member capture will prove to be an invaluable service for the credit union. A long-time user of Bluepoint’s branch capture solution, the credit union cited its success with this platform, as well as the ease of integration of the consumer capture product as key reasons for selecting Bluepoint.
Bluepoint Solutions Releases Survey Results On Credit Unions’ Use of Remote Deposit Capture Points of Presentment
February 18th, 2010 by admin
Results shed light on future of consumer capture implementations
Vista, Calif. Feb. 18, 2010. Bluepoint Solutions, a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and enterprise content management software technology for financial institutions, today announced the results of its 2009 Remote Deposit Capture for Credit Union’s survey. Bluepoint surveyed a random sampling of credit unions with assets ranging from $100 million to $1 billion to evaluate which remote capture point(s) they were currently using and/or future plans for leveraging the technology. More than 200 credit unions participated in the survey.
According to responses, 52 percent of participants indicated their credit union currently has at least one type of remote capture solution implemented. Out of those respondents, 63 percent have instituted a branch capture platform, 20 percent rely on teller capture solutions, nine percent have an ATM capture solution, four percent offer merchant capture and another four percent offer home or member capture.
CEO and Founder, Hal Tilbury, said, “Credit unions are only now beginning to seriously embrace remote deposit capture. As credit union executives become more aware of the cost, time and resource savings this technology can produce, adoption rates will accelerate dramatically until remote deposit capture is as common as online banking or debit cards.”
Respondents indicated a high interest in home capture as a valuable service for their members. When asked about future plans for implementing home capture, 42 percent of respondents indicated they currently had initiatives in place and another 46 percent responded they were currently exploring the service.
Senior Analyst for Celent, Bob Meara, said, “Branch capture’s swift adoption was driven by a compelling and urgent need to address the rising cost of processing paper. That same sense of urgency does not surround home capture. Member demand will eventually lead to widespread adoption, however, as awareness of home capture grows.”
“I’m not surprised to see this trend,” continued Tilbury. “In our society, consumers are used to banking anytime, anywhere. The convenience of making deposits from home creates loyalty from existing members and will attract new members.”
Bluepoint Solutions’ Consumer Capture Solution Selected by Allied First Bank
February 9th, 2010 by admin
Bank leverages Software as a Service model to provide customers convenient, secure home/office deposit capabilities
Bluepoint Solutions, a Microsoft Gold Certified Partner and leading innovator in remote deposit capture (RDC), image-based item processing and electronic document management software technology for financial institutions, today announced that Oswego, Ill.-based Allied First Bank selected ImagePoint Remote, a consumer deposit capture platform. The bank will market the solution as QwikDeposit Home to its customers.
Allied First Bank has approximately $160 million in assets and more than 9000 customers. The bank is leveraging Bluepoint’s unique Software as a Service (SaaS) model to offer its customers a sophisticated and convenient capture solution, without the initial upfront capital expenditures associated with traditional technology implementations. The consumer capture solution will be integrated with the bank’s existing Internet banking provider, enabling customers to upload check images with the click of a button within the existing online banking portal. Customers can now easily make deposits from home or office with the use of a computer, a secure Internet connection and a scanner.
Once captured, the images will be hosted in Bluepoint’s secure data processing center, where item perfection and correction will be performed. Using the SaaS model, the bank gains access to a secure central repository of the captured images, significantly reducing and simplifying the research process. An aggregate X9.37 file will then be submitted to Allied First Bank according to the bank’s preferred delivery schedule.
“Years ago, we began as a credit union for employees of one of the nation’s largest airlines,” Andy Hardin, Vice President of Operations & Marketing at Allied First said. “Today, we’re a retail banking organization, but our customers are still living and working all over the globe. ImagePoint Remote is the next step in our strategy to leverage innovation and technology to offer the highest levels of security, access and control to our customers and the growing numbers of consumers who are reevaluating their primary banking relationships.”
“We are looking forward to working with Allied to implement a customer-facing solution that will not only add value to the existing customer-base, but will give the bank a competitive advantage in the market to attract new customers,” said Hal Tilbury, president and CEO for Bluepoint Solutions. “As an early adopter of the consumer capture solution, Allied is showcasing its commitment to advanced technology and offering innovative products to better serve its customers. Our consumer capture solution is designed to help banks like Allied provide better service, but more importantly, grow deposit accounts. By taking advantage of Bluepoint’s pay-as-you-go model, as well as the greater processing power found in an off-site, Bluepoint-managed application, Allied is poised for success with a very nominal investment. The ROI is almost immediate in this type of scenario.”
