Under the terms of the deal, VSoft is expected to provide Union Bank with its remote deposit capture service. VSoft’s portfolio includes distributed deposit and payment capture services across all points of presentment, back-office cheque processing, image exchange, document management, as well as remittance and lockbox operations.
Union Bank is the subsidiary of US financial holding company UnionBanCal, with assets of over USD 80 billion. The bank operates 397 banking offices in California, Oregon, Washington and Texas, as well as two international offices.
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