Market Overview

Clarion Federal Credit Union Selects VSoft's OnViewTM Mobile Deposit Solution

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Pennsylvania-based credit union extends convenience and cost savings
of remote deposit capture to members

VSoft
Corporation
, a global provider of information and technology
solutions for financial institutions, announced that Clarion,
Pennsylvania-based Clarion Federal Credit Union with $90 million in
assets has selected its OnView™ Mobile Deposit to provide the simple and
on-demand access of remote deposit capture (RDC) to its members.

Mobile banking and mobile deposit use continue to accelerate. According
to a new forecast from Juniper Research, more than two billion users
will access retail banking services via smartphones, tablets, PCs and
smartwatches in 2018, up 10 percent from 2017. Mobile accessibility has
fundamentally shifted the way consumers expect to interact with their
financial institution, and institutions like Clarion FCU and others are
leading the pack to meet their members' needs. With VSoft's OnView
Mobile Deposit, Clarion FCU's members will be able to deposit checks
anytime, anywhere and on any device with a built-in camera. This feature
is critical as consumers expect more conveniences from their financial
institution.

VSoft has successfully integrated its mobile deposit application with
multiple mobile banking platforms, providing seamless transactions for
consumers and efficiency for financial institutions. Additionally,
VSoft's OnView Mobile Deposit drives down the per transaction cost for
financial institutions by capitalizing on widely used devices. It also
features custom review thresholds to monitor deposit activity and
prevent fraud, and offers real-time duplicate detection at the point of
capture. OnView Mobile Deposit is available as a standalone application
or included as an embedded feature of VSoft's Arya digital banking
platform. OnView Mobile Deposit is deployable in-house or outsourced via
VSoft's data center.

"We chose to implement VSoft's mobile deposit solution because of their
history of success and prominence in the financial industry," said Mark
Lauer, CEO of Clarion FCU. "VSoft's experience with and openness to our
current vendor mix made it an easy decision for us to onboard their
mobile deposit platform. We're excited for OnView Mobile Deposit to
bring enhanced accessibility to our current and future members through
our commitment to digital innovation and service."

"As consumers expect more services from their financial institutions,
offering secure and seamless mobile options to members will lead to
improved member satisfaction," said Murthy Veeraghanta, chairman and CEO
of VSoft Corporation. "VSoft's OnView Mobile Deposit is designed to
provide consumers with the power and flexibility to make remote deposits
at their own convenience, enabling financial institutions to increase
the value of their offerings and attract new account holders. We look
forward to partnering with Clarion Federal Credit Union to bring this
solution to its members."

About Clarion Federal Credit Union

Clarion Federal Credit Union was founded in 1940 and has remained one of
the area's most trusted financial institutions. Clarion Federal Credit
Union has been committed to offering the residents of Clarion,
Jefferson, Venango, and Forest Counties the very best in customer
service and financial security. Clarion Federal Credit Union provides a
wide variety of services and financial options for their members. They
value the personal attention they are able to provide their members, and
continually strive to improve their services to better meet their
member's growing financial needs. For more information, visit www.clarionfcu.org.

About VSoft Corporation

VSoft Corporation offers platform-based services for the banking and
financial services industry. Its core, payment and digital banking
solutions reduce cost and maximize efficiency while providing seamless,
real-time, high-volume and high-performance transactions across multiple
channels. The VSoft platform can be delivered in-house, or as an
outsourced ASP or SaaS model to best meet the needs of individual
financial institutions. VSoft's services have been trusted by financial
institutions worldwide. For more information, please call 770-225-7692,
or visit www.vsoftcorp.com,
or follow them on Twitter @VSoft_Corp.

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