Financial services
Item Processing
From share drafts and money orders to cashier drafts and check collection, VolCorp item processing services provide benefits to both credit unions and to the businesses they service.
Suite of Solutions
Backed by decades of experience meeting the needs of countless credit unions, VolCorp readily offers a comprehensive catalog of scalable, secure, and efficient payment solutions including our suite of Item Processing services – Share Drafts, Check Collection (deposit services), Corporate Share Drafts (business checking), Money Orders, and Cashier Drafts – all to better serve your ability to efficiently and accurately handle all your check based transactions.
Our end-to-end item processing solutions include image capture and exchange, image archival, adjustments, returns, home banking images, file delivery, and settlement. As our industry advances, item processing services must also adapt, with a renewed focus on reducing operational costs, improving accuracy, and complying with evolving regulatory requirements.
Share Drafts
- Enjoy a seamless processing experience that reduces operational burden and enhances member service.
Check Collection
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Branch Capture
- Scan and electronically transmit checks, at the branch level, directly and securely with same-day processing capabilities.
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Merchant Capture
- Offer your business members the same quick and secure service your branches use to scan and electronically deposit checks.
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X9 Files
- Image Cash Letters – Facilitate the electronic delivery and exchange of check image files.
Corporate Share Drafts
- Business checking alternative to a commercial bank account with the ability to clear items and consolidate settlement through your corporate credit union account.
Money Orders and Cashier’s Drafts
TranzAct
Our processing services include TranzAct – a secure (SSO), web-based platform that provides access to images, reports, files, adjustment entry and status, estimated daily settlement, and deposit solutions. Through TranzAct we can deliver an “always on” payment experience that is fast, capable, proficient, and cost-effective – embracing a holistic strategy that differentiates you from the competition, attracting and retaining members, increasing revenue, and reducing expenses.
Additional Features:
- Full implementation and conversion support
- Fraud features and solutions
- Robust redundancy and business continuity
- Seven-year online archival
- Internet and mobile banking image access
Contact VolCorp
For more information about how we can help your credit union, contact us! One of our representatives will get back to you shortly.