SAN DIEGO -- More than 250 people packed a meeting room to hear the latest on the UPost online honor deposit service from eCU Technologies, the tech CUSO says.
The presentation took place during the recent
Symitar Educational Conference and Technology Expo
at the Manchester Hyatt in San Diego.
Alan Brunner, COO for eCU Technologies, told the group that 30 credit unions now use the product and are reporting very few problems with fraud. The service allows members to post deposits online and then mail the check in or come
by the credit union and
physically deposit it.
A new version, UPost 3.0, is upcoming, Brunner says, and future features could include the ability to scan.
"Credit union members are going to deposit their funds somehow. They might as well use UPost, because it saves the credit union money compared to other traditional deposit methods," Brunner says.
eCU Technologies is a CUSO of Pennsylvania State Employees Credit Union that also offers home
banking, online lending, member history conversion and other services.
AFTRA-SAG Nabs Prestigious Award from Web Marketers
BURBANK, Calif. -- AFTRA-SAG Federal Credit Union's Virtual Branch has won a top honor from the international Web Marketing Association.
The $220 million CU's Web site, at www.aftrasagfcu.org, earned the Standard of Excellence award in the 2007 WebAward competition. A set of criteria covering design, content and functionality was used to judge more than 2,400 sites from 40 countries, the WMA says.
"Our members are professional performers, journalists and behind-the-scenes crew in television and film who work irregular hours, often in remote locations, and the Virtual Branch website was created to deliver superior member service with site features that members find helpful and easy to use," says Todd Nelson, vice president of marketing and communications at 32,000-member AFTRA-SAG FCU. "I want to also recognize the design partners at TravelCLICK who made our ideas a reality."
Judges for the 2007 WebAward competition, now in its 11th year, included members of the media, advertising executives, site designers, content providers and Webmasters, the organization says.
Digital Defense Partners With Harland Financial Solutions
SAN ANTONIO -- Digital Defense Inc. says its IT security threat assessment and risk management services will now be offered to the hundreds of credit unions and other financial institutions using the Cavion online banking solutions of Harland Financial Solutions Inc.
The strategic alliance will help Cavion users meet regulatory compliance requirements from the GLBA, OCC, NCUA and Sarbanes-Oxley using Digital Defense's self and managed solutions.
Larry Hurtado, president and CEO of San Antonio-based Digital Defense, says, "Our Frontline offerings help clients protect their information assets, respond to regulatory examinations, prioritize IT resources and capital expenditures, and ultimately assist them in managing business risk."
Scott Hansen, executive vice president of the Integrated Solutions Group at Atlanta-based Harland, says, "Together, we will enable financial institutions to take the important first steps toward securing their IT devices and
establishing a strong security posture throughout their IT infrastructure."
Imprivata Sells Access-Management Appliance To Four CUs
LEXINGTON, Mass. -- Imprivata Inc., a converged identity and access management appliance company, says it has added four more credit unions to its client roster.
They are $2.6 billion Delta Community Credit Union in Atlanta, $854 million NASA Federal Credit Union in Upper Marlboro, Md., $494 million Northeast Credit Union in Portsmouth, N.H., and $387 million Telhio Credit Union in Columbus, Ohio.
Imprivata's OneSign platform includes tools that replace network access passwords with strong authentication options, a single sign-on that addresses password management and its OneSign Physical/Logical service that integrates building and network access systems to enable location-based authentication.
"Dealing with the ever-increasing amount of regulations in the financial services industry can be an enormous time expenditure for organizations. With OneSign, companies can better manage and record access, making compliance easier while increasing overall security," says Omar Hussain, president and CEO of Imprivata, which now has more than 400 customers.
Ohio Catholic FCU Goes With MRG for Mortgage Doc Work
GARFIELD HEIGHTS, Ohio -- Ohio Catholic Federal Credit Union says it will be using the Miracle Online document preparation and delivery solution to prepare mortgages for its 17,500 members.
Dallas-based MRG Document Technologies is the provider of the solution, which includes automated data entry, document selection and electronic delivery of compliant loan documents.
"MRG helps us meet compliance standards for our loan documents, enabling us to focus on bringing quality loan products and services to our members," says Jim McTighe, mortgage department manager at the $124 million CU in suburban Cleveland.
MRG is part of Middleberg Riddle & Gianna, a mortgage regulatory law firm, and says it has more than 350 customers nationwide using its more than 3,000 lender-specific forms and documents and related services.
Online Resources Offers New Version of Web-Based Collections Platform
CHANTILLY, Va. -- Online Resources Corp. is now offering a version of its online collections solution
designed for small- to mid-sized lenders and billers, including credit unions.
Called Virtual Collection Agent Advantage, the platform complements an organization's existing collections practices, the company says, by integrating with the company's CollectPay payment service to offer first- and third-party collectors "a low-cost, secure Web-based service that sharply increases collections performance against all types of delinquent debt."
The system offers consumers ways to discreetly and flexibly manage their debt repayment online, based on criteria set by the creditor. It includes shared-software hosting that enables rapid implementation and flexibility to scale debt recovery efforts in response to business and market needs; self-management tools and consumer analytics for
collections strategies; and PCI-compliant security across its collections and payment applications, and full
The Advantage system uses technology and best practices developed for Online Resources' Command service, now used by four of the top 20 card issuers in the United States, the company says.
"As a leading biller service provider integrated across multiple industries, we are uniquely positioned to help our clients--including more than 150 receivables management clients gained through our acquisition of--Integrated Transaction Solutions--proactively treat the rise in delinquencies they are seeing today," says Robert R. Craig, executive vice president and general manager of Online Resources' eCommerce services division.
Mobile Banking Goes Live At Tech CU
SAN JOSE, Calif. -- Technology Credit Union is now offering its 77,000 members the ability to use their mobile phones for online banking.
The $1.3 billion CU is using a mobile banking platform from fellow San Jose organization MShift to offer the service on nearly any carrier or Web-enabled device, the credit union and company say.
Functionality includes account information, internal transfers, bill pay and e-mail communication with the credit union through a channel secured by multi-factor authentication and data encryption.
"We've implemented three different layers of protection, using the highest level of wireless security available to ensure our members' identities and account information are safe," says Victor Smilgys, Tech CU's assistant vice president of e-commerce.
MShift now provides mobile banking software to more than 50 credit unions and banks, the company says.
"In this region, it is especially common for customers to own a wide variety of mobile devices from various carriers, including the latest and greatest mobile phones. Through this partnership, all Tech CU members now have anytime anywhere access to the widest array of financial and informational data from the mobile device of their choice," says MShift CEO Awele Ndili.
Teres Solutions Announce New CU Signings
AUSTIN -- Eight more credit unions have committed to the SAIL indirect and direct lending software from Teres Solutions, the company says.
The new signings will help bring to more than $47 billion in loan volume the SAIL solutions will handle for more than 130 customers in 2007, the five-year old company says.
The new customers are $1.7 billion Kern Schools FCU of Bakersfield, Calif.; $1.2 billion Texas Dow Employees CU of Lake Jackson; $637 million EECU of Fort Worth; $430 million Red Canoe Credit Union of Longview, Wash.; $313 million Red River Employees Federal Credit Union of Texarkana; $280 million Shell Federal Credit Union of Deer Park; $251 million PrimeWay Federal Credit Union of Houston; and $107 million 1st Liberty Federal Credit Union of Great Falls, Mont.
The SAIL indirect and direct lending software products automate reviewing loan applications and credit reports, entering data into core systems, making lending decisions and quickly responding to dealers and members,
the company says.
The solutions integrate with the RouteOne, DealerTrack and CUDL dealership finance platforms, Lenders Protection from CUNA Mutual, a number of major credit union core systems from Fiserv, Symitar and Open Solutions, and the three major credit bureaus, the company says.
"We look forward to working with our newest customers to ensure they can successfully leverage SAIL to navigate the challenges of this changing lending marketplace," says Tim Kelly, CEO of Teres Solutions in Austin.