APRIL 10, 2014, MT. PROSPECT, IL and ATLANTA, GA– Cummins Allison, the leading innovator and provider of coin, currency, check handling solutions and ATMs, and VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced today that the JetScan®iFX cash, check and document scanner is now certified on VSoft’s Branch Capture solution. Financial institutions who use VSoft’s solution can achieve tremendous savings and efficiencies using the fastest desktop check scanning product available: JetScan iFX.
Check-intensive operations can easily replace existing check scanners with a high-speed JetScan iFX to capture check and deposit item images at speeds twice as fast as previous check scanners. This unique two-in-one scanner can also be used to process currency 20% faster than any other solution. VSoft’s Branch Capture application captures high volume deposits and facilitates correction and balancing at the branch. The solution can reduce the time spent managing transactions and instead get the transactions into the system more quickly and economically. This is also a welcome addition to RDC customers struggling with larger check volumes, as FIs add the JetScan iFX to their list of preferred check scanners.
One of the nation’s top ten banks is using the JetScan iFX and VSoft’s Branch Capture application to increase check processing efficiencies at their high volume branch locations. Due to the processing speed of the JetScan iFX scanner, branches are now able to process large volumes of checks that were previously held over or outsourced, realizing substantial savings. Bringing check capture back to high volume branches allows financial institutions to reduce outsourcing expenditures and realize improved profitability at branch locations.
Murthy Veeraghanta, chairman and CEO VSoft, states, “We’re excited to work with Cummins Allison, one of the most trusted providers in the currency processing industry. VSoft is committed to our customers’ success therefore bringing a new, faster check scanning solution to our customers makes sense. VSoft is pleased to certify this device and we believe it will help differentiate our offerings as well as help our customers achieve greater efficiencies.”
“The JetScan iFX is a unique solution that images deposit items faster than any other solution on the market. At a true 400 documents and 1,600 bills per minute, this dual-purpose counter and scanner enables faster, more efficient back counter capture, allowing FIs to move one step closer to the goal of branch automation,” said Frank Janezic, executive vice president, Cummins Allison. “By replacing slower check scanners with a compact device that also counts and images cash, users achieve process improvements, reductions in operating costs, and simplified training requirements. Beyond the financial benefits, these changes can result in higher employee morale and lower turnover.”
The JetScan iFX one-and two-pocket scanners are both certified on VSoft’s Branch Capture solution. They are the only devices of their kind and enable faster cash and check processing, streamlined remote deposit capture (RDC) and improved branch, vault, and merchant capture. For more information, visit cumminsallison.com/checks.
About Cummins Allison
Cummins Allison is a global leader in developing technologies which count, sort, authenticate and scan currency and checks. The U.S.-based company has over a 125-year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. The company holds more than 350 patents. Cummins Allison is headquartered near Chicago, IL and has wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany, France and Australia. The company has an extensive sales and service network with more than 50 company-owned offices in North America and is represented in over 70 countries. For more information, visit cumminsallison.com.
About VSoft Corporation
VSoft Corporation offers image-based check processing and image exchange 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, including Remote Deposit Capture. Beyond the solutions themselves, perhaps one of the most compelling benefits VSoft offers is the ability to provide innovative solutions on a single unified platform. The solutions 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 2,600 financial institutions worldwide. For more information call 770-225-7692 or visit http://www.vsoftcorp.com/.
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