CO-OP Extends Remote Deposit Capture To Small Businesses

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RANCHO CUCAMONGA, Calif. – CO-OP Financial Services is enhancing its My Deposit mobile deposit solution to allow credit unions to reach out to small business owners who want to electronically submit checks to their credit unions for deposit.

The server-based application now eliminates the need for small business owners who have a higher volume of checks to travel to a branch. Set-up is very straightforward – only a certified high-speed scanner and a personal computer with Internet access are needed to take advantage of the convenience of CO-OP My Deposit.

The high-speed scanner can be ordered from the private, online CO-OP Scanner Store. Scanners range from those that can process dozens of checks per minute down to a single feed scanner that still reads both sides of the check in one pass.

In addition to its Web-based access, the advantages of CO-OP My Deposit to small businesses include reduced float time, online revisions and adjustments, e-mail receipts, online history viewing, and automatic data capture and balance before checks are submitted to the credit union.

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