Product/Service Spotlight
WesCorp is proud to celebrate 10 years of Image Capture Innovation!
Thanks to our members, we’ve made huge strides in developing and implementing image capture technology that has reduced the cost of processing checks for our members and increased value to their membership base. Take a look at the timeline below:
May 1998 Implemented prime pass image capture
November 1998 Offered 90 days of image access via WAVE
September 2001 Terrorist attacks at the World Trade Center result in planes grounded, crippling transportation of checks for presentment. Fed incurs close to $100 billion in check float during the days following the attack
March 2002 Participated in early image exchange pilot with EDS/Zions/WesPay
June 2002 Joined Endpoint Exchange
April 2003 Expanded image access via WAVE to two years online
September 2003 Presented the first in a series of Check 21 educational webinars
December 2003 First institution (with partner) in the 12th Fed district to exchange and settle via image
October 2004 Check 21 legislation effective
May 2005 Introduced branch capture product IMAGEin powered by Bluepoint Solutions
May 2005 Initiated IRD printing to clear IMAGEin items
January 2006 Implemented IMAGEin clearing via image with the Fed
June 2006 Implemented share draft settlement via image with the Fed
August 2006 Check Collection Return images available via WAVE
June 2007 Introduced teller capture product
May 2007 Established our first direct send/receive relationship
June 2007 Introduced ATM Image Capture, Kiosks, and Convenience store capture through partnerships with Ensenta and CO-OP
June 2007 Expanded image access via WAVE to four years online
October 2007 Member Center unveiled at CU Outlook
December 2007 Introduced MYDeposit Home capture in partnership with the CO-OP
January 2008 Began sending Share Draft Returns to the Fed via image
January 2008 Introduced Merchant Capture
Coming in 2009 Look for six years image access online through Member Center
For more information on our imaging solutions, contact WesCorp’s Member Services at (800) 442-4366, ext. 6453, or e-mail Member Services.