Multiple Credit Unions Select Bluepoint Solutions’ Mobile Capture Platform
–Mobile Capture and Item Processing Identified as Key Growth Areas for 2011–
Vista, Calif. Feb. 10, 2011 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 four credit unions have selected QwikDeposit ToGo as their mobile remote deposit capture platform.
The recent additions include San Jose, Calif. based Technology Credit Union ($1.5 billion in assets), Salt Lake City, Utah based, Mountain America Credit Union ($2.8 billion in assets), Albuquerque, N.M. based New Mexico Educators Federal Credit Union ($1 billion in assets) and Los Angeles Calif. based Financial Partners Credit Union ($735 million in assets). Speed-to-market and the flexibility of Bluepoint’s mobile capture platform were cited by many of the adopting credit unions as key deciding factors during the selection process.
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Technology Credit Union’s CIO , Leslie Jeffries said, “The mobile capture offering is one of the most pivotal projects our credit union will be focusing on this year. As a means of remaining competitive, taking advantage of this leading-edge technology will not only position Tech CU to provide the services our current members have demanded, but also to attract new members.
The credit union will be deploying QwikDeposit ToGo in summer 2011. “It was essential that the mobile deposit solution we selected would easily integrate with our overall mobile infrastructure, support a variety of mobile devices including the iPhone, Android operating system, Blackberry, Symbian OS and Windows Mobile devices and be built on modern technology,” Jeffries continued. “Bluepoint met all of our requirements and we look forward to making mobile deposit capture available to our members.”
Bluepoint’s QwikDeposit ToGo enables members to securely deposit checks with a camera-equipped smartphone, providing the convenience of anytime, anywhere deposits. The application is configured to support the majority of the smartphones available in the U.S. market and was among the first available on the Android operating system. QwikDeposit ToGo makes use of Mitek Systems’ patented mobile RDC solution, developed to assure users and credit unions of accuracy, security and convenience.
In an online abstract to a recent report by research and consulting firm Celent, senior banking analyst Bob Meara wrote: “Mobile RDC invites the use of smart phones, either for check image capture alone or as part of a broader mobile banking solution. Both mechanisms will soon be broadly offered by financial institutions and widely used by consumers.”
Hal Tilbury, founder and CEO of Bluepoint, said, “Mobile deposit is quickly emerging as the must-have technology for financial institutions of all sizes in 2011. Our mobile capture offering is unique in that it can be deployed quickly with minimal upfront investment. This gives small to mid-size credit unions the ability to offer their members a sophisticated service and convenience that until now, has been limited to the larger, regional institutions. We are proud to partner with this group of forward-thinking credit unions that will be among the first to bring this technology to their members.”
About Technology Credit Union
Founded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Technology Credit Union has served the high tech workforce in Silicon Valley for 50 years. Today, Tech CU has extended its membership benefits to small businesses and individuals who live and work in the greater Bay Area. The credit union is recognized as one of the best-managed and strongest financial institutions in the country. Tech CU’s 74,000 members have access to 60,000 surcharge-free ATMs nationwide, online and mobile banking, 9 full-service branches in the Bay Area, and comprehensive wealth management and small business services.
About Financial Partners Credit Union
Financial Partners Credit Union is a well-capitalized financial institution with more than 51,000 members and $710 million in assets, making it one of the largest credit unions in the Los Angeles area. With a 75-year history of lending, it has been ranked No. 1 in California and No. 4 in the nation for mortgage originations within its peer group. Membership is open to anyone who lives, works or attends school in Orange County and most Los Angeles County cities. For more information, visit the company’s website at www.fpcu.org.