San Antonio, TX (PRWEB) April 21, 2014
Generations Federal Credit Union has announced the official launch of Smart Deposit, an enhanced services feature that allows members to deposit checks into their personal accounts through the credit union’s mobile app.
“Technology such as Smart Deposit allows Generations to provide the personal service that we are known for and at the same time be competitive with even the largest national banks,” said Steve Schipull, president and CEO of Generations FCU. “Consumers need convenience and ease of service in their banking products and financial institutions must be able to meet those needs if they are to remain competitive and relevant.”
Generations members can access Smart Deposit through the credit union’s mobile application which is available for Apple and Android-supported devices. To make a deposit, members simply select the Smart Deposit feature in the main menu, take a picture of the front and back of the check, select the account where the funds will be deposited and click submit.
For the financial safety and security of members, check images are not stored on the mobile device. Additionally, Generations utilizes some of the most advanced and stringent encryption technology currently available.
“The traditional bank lobby environment will never go away, members will always want that personal connection to their financial institution. But as they go about their daily lives, the mobile channel is going to be a critical component and Generations will be there to meet those expectations every step of the way,” concluded Schipull.