eDOC Innovations and Cache Financial have partnered to provide eDOC’s newest deposit solution, combining eDOC’s CheckLogic check processing platform with Cache’s Select Mobile to create CheckLogic Mobile. This collaboration will bring together two state-of-the-art solutions to drive extended member value for each credit union peer and owner, through the credit union member’s ability to make remote deposits via mobile devices such as an iPhone, or Android smartphone.
Joseph Lao, Manager of Market Development at eDOC Innovations comments “Giving members the ability to deposit from their mobile smartphone will open up new opportunities for credit unions to engage a younger audience that, typically, yearns for advanced banking technology. We’re excited to be on the forefront of this technology. As a CUSO, we are committed to innovations that benefit our clients, owners, peers, and the credit union industry, as a whole.”
Through CheckLogic Mobile, members will have the ability to take a simple photo of a check with their smartphone camera and upload via a mobile app which can be downloaded from their carrier’s application store. Items submitted for deposit will aggregate into the credit union’s existing forward collection and settlement channel for a seamless, integrated, and consolidated solution.