by
Catalyst Corporate | Jul 17, 2023
Solution to Bring Real-Time Efficiency to Credit Union Deposit Processing
Sharetec, a leading core data processor for credit unions, announces TranzCapture, LLC, a credit union services organization (CUSO) dedicated to software development, as its exclusive provider of Integrated Teller Capture for its Sharetec V10 customers. An agreement between the two organizations enables Sharetec to resell the powerful real-time deposit capture and processing solution to its client base of nearly 300 credit unions.
Integrated with the Sharetec core, Teller Capture instantly captures, validates, corrects and balances deposits at the teller window, while tellers are interacting with members. Tellers scan the deposited checks, which feed into the core system and immediately stream for collection throughout the day, minimizing batch sizes and adjustments. Solution features include real-time detection of duplicates, real-time return risk and fraud warnings and a deferred exception item review queue.
“Sharetec pursues leading applications that can integrate seamlessly with our bold and powerful web-based core. We value flexibility, customization and responsiveness to credit unions’ specific, unique needs. TranzCapture’s Teller Capture solution meets those criteria,” said Steffi Decker, Chief Executive Officer of Sharetec. “And because TranzCapture is easy to implement, credit unions have already begun to onboard the new solution.”
“We are very pleased to partner with Sharetec. Our commitment to delivering smart credit union solutions with unparalleled service and support aligns well with theirs,” said Brad Ganey, Managing Director of TranzCapture, LLC. “Credit union ownership of TranzCapture enables us to control system design and ongoing enhancements – so credit unions get the latest technology with the operational support they need to provide service excellence to their members.”
Integrated Teller Capture streamlines teller deposit processing procedures, increases transaction accuracy and enhances member service. In addition to Integrated Teller Capture, the TranzCapture remote deposit suite includes ATM/ITM, Mobile, Business and Branch Capture solutions. Share draft processing supplements the TranzCapture remote deposit solutions to deliver a total item processing package.
TranzCapture, LLC was created by Catalyst Corporate in 2015 and is now owned by four of the nation’s largest corporate credit unions: Catalyst Corporate Federal Credit Union (FCU), Alloya Corporate FCU, Corporate One FCU and Vizo Financial Corporate CU. The CUSO partnership represents 3,500 credit unions, or 65% of all credit unions nationwide.
For more information on Intergrated Teller Capture, or any of the remote deposit services within TranzCapture, contact us today.