CU*Answers, which provides electronic check processing, core data processing via its CU*BASE software, and other ancillary services, has made the decision to cease offering Direct Deposit Encoding processing for remaining clients on April 30th, 2010.
According to the CUSO, there are many documented benefits for moving to a Check 21 solution and is urging its credit union clients to implement a Check 21 strategy. Paper handling reduction, courier dependency, disaster recovery provisions, and enhanced image retrieval are some of the benefits cited. Additionally, current Direct Deposit clients have experienced a significant increase in courier fees as a result of steadily declining check transport volumes.
The CUSO recently announced a CheckLogic solution as provided by eDOC Innovations as the preferred strategy for its clients, and is being installed in multiple credit union locations. For more information on the products and services offered by CU*Answers, visit their website at http://cuanswers.com.