BURLINGTON, Mass. — EasCorp has signed $375 million Paragon Federal Credit Union as a new user of the corporate's remote capture service for its self-service kiosks.
The eDeposit service allows credit unions to capture transit checks electronically and transmit image cash letters to EasCorp for processing–improving funds availability and eliminating courier services for those items.
The service also eliminates geographic boundaries, EasCorp said. Paragon FCU is based in Montvale, N.J., and also has branches in New York and Pennsylvania. The 300-member corporate said it now serves CUs in 15 states stretching from California to Maine.
EasCorp developed the eDeposit service internally. It includes duplicate and MICR-code line mismatch detection, image-quality and usability tests, layered security, built-in reporting and research capabilities.
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