AURORA, Calif.–Partner Colorado Credit Union here has expanded its use of Alogent Corp.’s teller and remote deposit software to now include merchant capture.
With the growing number of check deposits from the expanding cannabis industry in Colorado, members and businesses banking with Partner Colorado no longer need to visit a branch to complete a transaction, but instead can deposit a check from their storefront at any time, Peachtree Corners, Ga.-based Alogent said.
“Partner Colorado is one of the few financial institutions to have a cannabis banking program to support this growing, and often unbanked industry,” said Spencer Guilford, chief operations officer for Partner Colorado Credit Union. “Alogent was already a trusted partner and expanding our collective footprint into the merchant capture space was a natural next step. With these additional capabilities, we can ensure our members have access to a convenient deposit solution so they don’t have to rely on cash or bring payments to a branch.”
Alogent said its ImagePoint solution for merchant capture enables small- to medium-sized businesses the ability to deposit checks from an office location outside of banking hours by simply using a check scanner. With the added convenience and security of transacting from their storefront, this cost-effective technology enables merchants to more easily manage their receivables, the company said.
“Alogent’s solutions are designed with our customers and their member-bases in mind,” said Jason Schwabline, Alogent’s chief strategy officer. “We strive to deliver solutions that fill market gaps, which effectively make our customers more efficient and gain increased automation, allowing them to meet compliance regulations while still gaining flexibility with their deposit-channels.”