Bluepoint Solutions Announces Conversion Plan for Credit Unions Leaving Western Bridge Corporate
–Bluepoint partners with multiple corporates, CUSOs; potentially impacts hundreds of credit unions using IMAGEin–
Vista, Calif. August 15, 2011 Bluepoint Solutions, a 2010 CUNA Tech Council Best of Show winner, Microsoft Gold Certified Partner and provider of remotedepositcapture, itemprocessing and enterprisecontentmanagementsolutions 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.”