Texas Trust Credit Union Selects VSoft’s Data Center for Branch Item Capture, ATM Capture and Image Processing Solutions

WASHINGTON--(BUSINESS WIRE)-- VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that Texas Trust Credit Union in Mansfield, Texas has chosen its branch item capture, home office capture and ATM image processing solutions. The credit union will deploy the solutions through VSoft’s data center, VServe.

Texas Trust selected VSoft for the flexibility of its deployment models and seamless core system integration, which allows it to easily transition its check processing services to VSoft’s ASP/outsourced option, VServe. The $726 million credit union will outsource VSoft’s branch item capture in its eight branches, as well as deploy its ATM imaging solution and home banking interface. Texas Trust also selected VSoft for its comprehensive item processing suite, which complements the branch item capture solution and securely, efficiently manages image workflow.

“VSoft offers an opportunity for a strategic partnership that allows us to outsource all of our image processing tasks without changing our business model,” said David Pickney, CFO, Texas Trust Credit Union. “Its outsourced data center lets us improve internal efficiencies and opens the door to easily bring more services to market that will best serve our members’ needs.”

VSoft’s branch item capture solution accelerates processing and decreases expenses by capturing deposits either at the teller window or in the credit union’s back office. Its ATM capture product furthers enhances efficiencies by receiving images and data provided from any image-enabled ATM and consolidating them in the back office. VSoft’s item processing capabilities include inclearings/shared drafts, cash letters, out returns and archive/research.

“Texas Trust is taking advantage of the opportunity to transfer its image processing solutions to our stable, growing environment without changing its business model or requiring a large capital investment,” said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. “With our outsourced environment and complete suite of products, the credit union can easily add remote deposit capture RDC solutions and update its technology over time. Our scalable products are customized to meet the unique objectives of each institution, enabling us to become true a partner for progressive institutions such as Texas Trust.”

About VSoft Corporation

VSoft Corporation offers core and payment-processing solutions that improve service, reduce cost and maximize efficiency for financial institutions. Its solutions provide seamless, real-time, high-volume and high-performance transactions across multiple channels and can be delivered in–house, or as an outsourced ASP or SaaS model to best meet the needs of individual financial institutions.

VSoft’s services have been trusted by more than 1,900 banks, credit unions and savings institutions, as well as transaction processors, governments, utilities, telecommunications and retail organizations worldwide. The company’s growth and stability has been recognized by inclusion in the Inc. 5000 list for four years running and featured in Bank Technology News’ 9th Annual Innovator Awards for CoreSoft, its core solution. For more information call 770-225-7692 or visit www.vsoftcorp.com.

About Texas Trust Credit Union

Texas Trust is one of the largest credit unions in North Texas and the 21st largest in Texas. It has been operating for more than 75 years. As a full-service financial institution, Texas Trust offers checking, savings, mortgages, credit cards, CDs, Money Market accounts, IRAs, and investment and insurance services. Its business services include SBA and conventional loans, electronic payment cards, checking and money market accounts, merchant card processing, online banking, insurance, and the Employee Solutions Network. With 58,000 members and assets of more than $726 million, Texas Trust operates in Dallas, Tarrant, and Henderson counties, as well as parts of Ellis and Johnson counties. Texas Trust branches are located in Mansfield, Grand Prairie, Arlington, Cedar Hill, and Athens. For more information, visit www.TexasTrustCU.org.

Editor's Note: The correct usage of the company name, VSoft Corporation, is either referring to it as VSoft Corporation or VSoft, with both the "V" and the "S" capitalized.

VSoft Corporation
Jon Reneslacis, 770-840-0097
or
For VSoft Corporation Heather Sugg, 813-374-6362
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For Texas Trust CU Amber Danford, 214-995-5216

Source: VSoft Corporation