PLANO, Texas–TranzCapture, the new deposit capture service suite owned by Catalyst Corporate Federal Credit Union and Alloya Corporate Federal Credit Union, is now fully operational, according to the two corproates.
TranzCapture includes Branch, Teller, ATM, Mobile, Business and ITM Capture services. Catalyst Corporate launched the Branch Capture component in September and is reporting it has already added 36 credit unions, representing 78 branches, to that service.
Built on the latest technology, TranzCapture incorporates an array of convenient features requested by credit unions, according to Brad Ganey, Chief Operating Officer at Catalyst Corporate.
"TranzCapture is a true single sign-on application," said Ganey. "Credit union staff and business members log in through the corporate credit union's online account management system. The administration module centralizes all deposit work and offers a number of attractive features.
"The software is Internet-based," he continued, "so there is no installation at branches or business member sites. This simplifies deployment for credit unions and eliminates the need for credit union IT staff involvement with future updates, releases and enhancements."
"One of the options drawing strong interest is Early Warning Deposit Chek real-time fraud protection," Ganey said. "Previously available only with Teller Capture, it is available across all deposit channels in TranzCapture. Credit unions can set different evaluation thresholds by deposit channel, and they can combine it with Early Warning next-day fraud protection."
Catalyst Corporate noted it continues to provide its unique MICR correction service on behalf of credit unions, saving staff time and eliminating next-day adjustments.
According to Catalyst, other key features of the new platform include: real-time duplicate item detection across all deposit channels, shared branching returns routed to the correct credit union, self-service item deletion or correction throughout the day, association of depositing member's account number with the batch for easy research, and adjustable daily cut-off times by branch and capture type.
Teller Capture with TranzCapture allows credit unions to validate and complete deposit transactions at the teller station, at a fraction of the cost of traditional Teller Capture, Ganey said. "Deposits are performed while the member is still present, without the high expense of interfacing with the credit union's core system."