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Plymouth, MN – August 10, 2011 – CFC Technology and WAUSAU Financial Systems have entered into a partnership that will provide CFC Technology the ability to offer WAUSAU Financial System’s /Mitek, Mobile Deposit® solution to community financial institutions across the country.
CFC Technology’s new Mitek Mobile Deposit® capture solution allows Smartphone users to take photos of their checks with the camera on their phone and deposit those items to their financial institution. Mobile Deposit® makes capturing checks and submitting deposits to a financial institution possible by using a secure downloadable software application via a mobile SmartPhone device.
“CFC is in the business of helping the little guy, parenthetically speaking,” commented Mark Walinske, President and CEO at CFC Technology. “Mobile check deposit gives the Davids in this story another stone to throw at Goliath. We think mobile deposit is good for FIs, albeit that not all of them will adopt soon. We think, over time, they’ll see this as part of their repertoire to go and beat-up on the larger super-regionals.”
Financial institutions benefit from Mobile Deposit’s® ability to reduce check transactions at the branch, expand their customer marketing footprint, strengthen existing customer relationships, and attract new deposit customers. With the integrated capabilities of WAUSAU Financial System’s application and the addition of Mobile Deposit® to CFC Technology’s RapidCapture remote deposit suite, financial institutions can soon provide their customers with the ability to deposit either personal or business checks via camera-equipped smartphones, including iPhone, BlackBerry and devices on the Windows Mobile and Android platforms.
About CFC Technology
CFC Technology un-complicates growth for financial institutions (FIs) through the intelligent use and deployment of technology. CFC’s approach to capture, compliance, and computing solutions allows community banks and credit unions to choose tailored, on-site or cloud-based technologies that enhance merchant and consumer relationships.
Since our founding in 1998, CFC Technology has focused on the operational needs of FIs. Today more than 850 financial institutions across the United States have benefited from CFC Technology’s solutions ranging from on-site integration expertise, project management, HELP desk support, SaS Software and hosting services. We help FIs keep pace with rapidly changing technology requirements, allowing them to continue to create and foster strong business relationships with their clients. For more information, visit www.cfctechnology.com.
About WAUSAU Financial Systems
WAUSAU Financial Systems is a premier provider of payment and receivables processing solutions, helping businesses of all types move money faster. With its products, services and consulting, WFS works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. WFS processes more than $1 trillion in payments each year through its work with more than 650 organizations. The company works with 13 of the 25 largest financial institutions and more than 200 financial institutions use WFS’ remote deposit capture service. For more information, visit www.wausaufs.com.