Core processing CUSO Share One said it is now offering a hostedversion of its NewSolutions platform.
|The hosted system offers reduced costs for disaster recovery andbusiness continuity while improving redundancy and eliminatingbackup tapes, the Memphis, Tenn., firm said.
|The first user is the $141 million Emery FCU in Cincinnati.
|“The equipment that hosts our core is not physically located inour offices. However, we have complete control. We recentlyexperienced a power outage at one of our locations due to a storm.We were out of power, but we never lost our core system because itoperates out of Memphis,” said Emery FCU President/CEO JoeLind.
|Hosting is a hybrid of in-house and service bureau environments,said Daryl Tanner, Share One president/CEO. He said Share One is using an Arizona co-location site along with itsMemphis facility.
|“Our clients appreciate the peace of mind this redundancyprovides for disaster recovery as well as the high marks receivedwhen their examiners arrive,” he said.
|Share One now serves 86 credit unions ranging in size from $10million to $1.4 billion, the CUSO said.
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