Herndon, Va. and Huntsville, AL (Jan. 29, 2013) — Redstone Consulting Group LLC. (RCG), a software consultancy firm, and DigitalMailer, Inc. announced today they have signed a strategic agreement in which RCG will offer My Virtual StrongBox to credit unions and community banks. RCG is wholly owned by Redstone Federal Credit Union and is a leading provider of technology solutions. DigitalMailer is a leader in providing digital communication solutions to the financial institution industry.
My Virtual StrongBox is being offered as a more convenient, economical and secure online alternative to the traditional safe deposit box. While there are many places to store cloud-based files for free, RCG and DigitalMailer believe consumers want to know their important personal and financial documents are safe, organized, and accessible. My Virtual StrongBox meets that criteria with critical financial documents safely stored at their trusted financial advisor. Offered inside a financial institution’s online banking platform, the solution provides that assurance and more.
“This innovative technology is a natural fit with the type of solutions we want to bring to financial institutions that turn to RCG” said Harry Gunsallus, president of RCG and senior vice president of technology and operations support at the 347,000-member Redstone FCU.
Redstone FCU ($3.4 billion, Huntsville, Ala.) is the first financial institution to take advantage of the agreement, launching the online safe deposit box solution in December 2012. In just five weeks, the credit union has seen approximately 20,000 of its online banking users activate My Virtual StrongBox representing a 15% adoption rate.
“We are excited to have RCG add My Virtual StrongBox as part of its product offerings,” said Ron Daly, President/CEO of DigitalMailer. “Combining the strengths of our companies, we can help credit unions and community banks deliver not only a valuable service to their customers, but also one that is ‘sticky.’ That’s an important consideration, given that some 65 million Americans now favor online banking over branch visits.”
With the launch of My Virtual StrongBox in 2012, DigitalMailer became one of the first electronic document providers to allow customers to place documents into their trusted financial partner’s secure online document library. Redstone FCU is the third multi-billion dollar financial institution to offer the service to its members. Clients offering My Virtual StrongBox now have more than 850,000 consumers lined up to use it.
About DigitalMailer
DigitalMailer, Inc. works with financial institutions to open their biggest branch – the virtual branch. Using its expertise and today's technology, DigitalMailer helps organizations connect with customers in the online channel they prefer, driving consistent, managed messages that are optimized for communication, convenience, efficiency and promotion of product growth. To learn more, visit DigitalMailer's website or call (866) 994-4900.
About Redstone Consulting Group, LLC (RCG)
Redstone Consulting Group is a wholly owned subsidiary (CUSO – Credit Union Service Organization) of Redstone Federal Credit Union, based in Huntsville Alabama. RCG, LLC was founded in May 2012 with the specific idea of taking Redstone FCU developed, commercially viable technology products and / or solutions to market.