AUSTIN, Texas – Velocity CU has implemented Fiserv’s Branch Source Capture to truncate deposits at the branch, electronically correct and balance deposits, reconcile to the teller system, and present data and images to item processing systems to clear, settle and post to core seamlessly.
“Branch Source Capture from Fiserv allows us to offer a later cut-off time for same-day posting of deposits, which our members will appreciate,” said Debbie Mitchell, president of the $540-million credit union. “It also promises to reduce our check transportation costs and lower our per-item processing costs.”
Fiserv said its Source Capture Solutions are a set of products designed to enhance the reliability, versatility and scalability of image capture and check processing with a common web-based platform. This solution set includes branch, merchant, teller, ATM and the increasingly popular consumer and mobile capture all on a common web platform that enable remote deposit capture.
