Hello, Mobile Capture. Goodbye, Implementation Fees!
June 30, 2020
The COVID-19 pandemic has not only boosted consumers’ online purchases in recent weeks, but it also has quickly accelerated consumer adoption of digital banking and payment options.
A recent PaymentsJournal article indicates 12% of banking customers have enrolled in online or mobile banking for the first time since the pandemic began, including nearly 1 in 4 consumers under the age of 35. And those who used mobile banking prior to the pandemic are relying on it heavily now, with 42% saying they are using mobile banking more frequently, according to the article.
Catalyst Corporate Federal Credit Union is a wholesale cooperative financial institution serving nearly 1,400 credit unions with innovative core financial services and superior back-office support. To help credit unions better serve members in an increasingly digital world, the Strategic Link partner is waiving the implementation fee on its mobile capture solution for qualifying credit unions under $250 million that add this service before Aug. 31.
“If your credit union had considered adding mobile capture services before, there is now even more reason to offer this service to your members,” said Karen Coble, Vice President of Sales. “Catalyst Corporate’s mobile capture offers innovative features that members want and a convenient, single administration hub for all your credit union’s digital deposit applications.”
Coble says there are several important factors to consider when evaluating mobile capture service providers.
“First, you’ll want to make sure the solution offers seamless integration with your mobile banking provider. Some solutions have limited integration. You’ll want to find a provider that can interface successfully and easily with your current mobile banking system,” said Coble. “It’s also important that your mobile capture offering has the ability to adapt to the evolving needs of your credit union and your members. A comprehensive mobile capture solution should cover all the bases, from robust reporting to risk mitigation and advanced fraud protection.”
Catalyst Corporate’s mobile capture solution offers all these benefits and more, including:
- Integration with more than 17 mobile banking providers
- Facilitation of single or multiple check deposits
- Expedited detection of duplicate items across all Catalyst Corporate deposit channels
- Robust reporting with check images