VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Cameron State Bank, a 23-branch bank headquartered in Lake Charles, La., has chosen to implement its Branch and Merchant Capture software. The VSoft implementation will allow the bank to capture check images at both branch and merchant customer locations.
VSofts Remote Capture software will extend the benefits of image exchange to our branches and customers, said Loyd Rion, executive vice president, Cameron State Bank. Branches will realize improved back office productivity and reduced transportation costs, while customers will see increased funds availability and better service. By implementing Merchant Capture, geographic boundaries will be eliminated, allowing us to target new customers who were previously out of reach.
With Branch Capture, Cameron State Banks branches use small scanners to capture check images at the remote locations and transmit them to the central site for processing. The need to transport physical checks is eliminated, and the banks operations are streamlined.
The Merchant Capture software will allow Cameron State Banks merchant and corporate customers to capture check images at their locations and send them electronically to the bank. This eliminates the need to travel to the bank for deposits. Businesses can consolidate their deposits into a single preferred financial institution, averting any geographical dependency. The window for accepting deposits is increased, and funds become available to the customer more quickly.
With the implementation of VSofts Remote Capture software, Cameron State Bank is positioned to take full advantage of the benefits inherent in Check 21, said Murthy Veeraghanta, president, VSoft Corporation. The bank will see operational improvements, cost reductions, improved customer service for existing customers and an opportunity to gain new business customers regardless of physical location.
Cameron State Bank will initially implement VSofts Branch Capture at five of their branch locations, with plans to eventually extend imaging capabilities to all 23 branches.
About Cameron State Bank
Cameron State Bank has been serving the people of Southwest Louisiana for over 40 years. The bank started out in 1966 with one branch in Cameron. Now, Cameron State Bank has 275 employees, 23 Banking Centers and more than 50 ATMs. Cameron State Bank has many different financial products and services including 24-hour account information service, Internet banking, bill payer and a network of ATM's throughout Southwest Louisiana. For more information, visit http://www.csbbanking.com/.
About VSoft Corporation
Established in 1996, VSoft Corporation is a global provider of financial technology solutions that improve service, reduce cost and maximize efficiency. Included in Deloitte & Touches Technology Fast 50 and the 2007 Inc. 5,000, VSofts solutions are used by more than 1,700 financial institutions worldwide. Its broad image-based solutions include distributed deposit and payment capture across all points of presentment, back office check processing, image exchange, document management, remittance and lockbox operations. VSoft was rated by Celent as the overall performance leader in advanced technology and breadth of features, and was selected by Bank Technology News as one of The Innovators 2007, an annual ranking of the 25 most advanced people, companies and technologies in the financial industry. Customers include banks, credit unions, savings institutions, transaction processors, governments, utilities, telecommunications and retail organizations. VSofts proven products and services ensure versatile and rapid delivery of solutions to mission-critical needs. For more information call (770) 225-7692 or visit vsoftcorp.com.