Catalyst News

‘The Future is Digitally Driven.’ Are You Prepared?

by Catalyst Corporate | Nov 16, 2021
The future of financial services is digital. So says a recent report from the Filene Research Institute.

The report, titled The Future of Digital Transformation for Credit Unions, pulled together credit union and CUSO leaders and fintech experts to learn about the state of credit union technology – and how credit unions can best prepare for the digital future. 

According to the report, the thought leaders agreed that credit unions have fallen behind their peers in innovation. “Many small and medium sized credit unions, for example, are not delivering a digital experience that meets members’ expectations and have not consolidated their data, rendering it useless for increasing efficiency or personalizing service,” the report said. It also pointed out that “credit unions risk losing revenue, relevance, and relationships if they cannot bring their digital service offerings up to par.”

To help credit unions keep pace, Catalyst Corporate offers its TranzCapture suite of remote deposit services. These services include Branch, Teller, Mobile, Business and ATM/ITM/Intelligent Kiosk Capture.

TranzCapture consolidates the tech-oriented deposit services in an all-in-one platform that delivers efficiencies for credit unions. Centralized administration, streamlined reconciliation, duplicate detection, MICR correction conducted by Catalyst Corporate staff, adjustable end-of-day deposit deadlines and world-class support increase credit union productivity…so that you can increase interaction with members. 

Credit unions may elect to use all deposit services in the TranzCapture suite or specific services to meet individual needs. 

All TranzCapture services feature easy deployment with web-based access, real-time transmission of data and images, built-in risk mitigation features, as well as real-time deposit fraud alert options.

For credit unions with ITM or ATM initiatives, Catalyst Corporate maintains the transaction gateway server, which reduces implementation, maintenance and costs for the credit union. ATM/ITM/Intelligent Kiosk Capture is available for image-enabled Diebold, NCR and Hyosung ATMs, NCR ITMs and Glory Intelligent Kiosks.

TranzCapture Mobile Capture is currently integrated with 18 mobile banking vendors, with additional integrations underway.  

TranzCapture Teller Capture is currently integrated with the Corelation core processor and offers the potential for additional core integration.

The future of financial services is digital, and Catalyst Corporate’s payments industry expertise can support your journey. For more information on any of the TranzCapture services, contact us today.