Bluepoint Solutions Takes Next-Generation Consumer Capture Solution Into the Cloud 

Convenient, secure home/office deposit capabilities in Software as a Service model–

Vista, Calif.  August 26, 2009  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, announced the availability of its RDC Consumer product in a hosted, Software as a Service (SaaS) model. This allows financial institutions to shift the responsibility for the acquisition and management of the infrastructure to Bluepoint. Bluepoint’s™s solution provides bank and credit union account holders the ability to conveniently deposit checks from any location, home or office, at any time. Users can easily make deposits with the use of a computer, a secure Internet connection and a scanner.

Cloud computing, or SaaS, has the potential to revolutionize the way we develop, deliver, interact with, support and use applications, said Hal Tilbury, president and CEO for Bluepoint Solutions. Consumer capture is a recognized source of new fee income and reduced operational costs.  Taking advantage of the economic gains of pay-as-you-go computing, as well as the greater processing power found in a scalable, off-site, vendor-managed application; financial institutions can exercise even more control over spending while garnering expanded services and product profitability.

Bluepoint’s consumer capture product is designed to help financial institutions retain account holders, and more importantly, gain new deposit accounts. The solution increases profitability with a new source of fee income and significantly reduces operational costs, because deposits are now captured in the home rather than with a teller at the branch. It is fully integrated with Bluepoint’s powerful transport service, which compiles image files from its other RDC products including branch, teller, merchant and ATM, for immediate clearing, resulting in earliest possible funds availability. Like the in house solution, the hosted version of consumer capture maintains a central repository, making image files immediately available for research and retrieval, institution-wide. This highly scalable solution can accommodate an infinite number of consumers thereby offering credit unions and community banks a competitive advantage with larger institutions.

Bluepoint Solutions is committed to leveraging technology innovation to lead the market toward higher levels of service and profitability, said Tilbury. Offering this proven solution in Cloud evidences that leadership.  For financial institutions, this model shifts the responsibility for the acquisition and management of all the infrastructure concerns to Bluepoint, their trusted software provider. Even more importantly, the Cloud model will unburden in house IT resources and allow bankers and credit union executives to focus on the far more strategic tasks associated with helping the institution become more productive.  Bluepoint is now one of the few companies offering integrated capture products at every point of presentment, including branch, teller, merchant, ATM and consumer. We believe offering our consumer capture solution in the Cloud format will provide the operational advantage our partner institutions need to move from competing in the market to dominating the market.