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Catalyst Corporate Launches Remote Deposit Capture Solution for NCR ATMs
Friday, August 29, 2014 6:55 AM

Hundreds of credit unions across the country now can benefit from an enhanced ATM remote deposit solution. Plano, Texas-based Catalyst Corporate FCU has expanded its ATM Capture service to include image-enabled ATMs on the NCR platform.

“Catalyst Corporate introduced ATM Capture in 2009 as part of its full suite of remote deposit services,” said Brad Graney, Catalyst Corporate’s senior vice president and chief operating officer. “Initially serving credit unions with Diebold image-enabled ATMs, we are pleased to make this service available to another large segment of our membership that owns NCR ATMs.”

With Catalyst Corporate’s ATM Capture service, images of deposited items are captured at the ATM, verified and transmitted in real-time directly to Catalyst Corporate for processing, clearing and collection. Decreased processing timeframes enable credit unions to increase operational efficiencies, reduce costs and shorten funds availability. A faster collection process also reduces a credit union’s risk of loss as a result of non-sufficient funds or fraud.

ATM Capture eliminates many of the manual tasks generally performed by credit union staff, Ganey said. “With a traditional ATM, credit unions have to retrieve deposit envelopes daily and manually open and verify every transaction. There are no envelopes used with ATM Capture. Checks and currency are scanned, and processing begins as soon as they are deposited.”

Powered by Bluepoint Solutions, ATM Capture interfaces with all other Catalyst Corporate remote deposit services to capture and consolidate all of a credit union’s imaged deposit activity through a single administration channel.

“The centralized database enables credit unions to manage applications in one location and to detect duplicate items or deposits anywhere within the credit union’s system,” Ganey said. Other features of Catalyst Corporate’s service include MICR correction for credit unions, same-day availability and seven-year online archival of images, robust reporting that reflects deposit detail by location, flexible parameters for item review and a dedicated implementation and support team.