Jwaala said the $1.4 billion 111,400-member Schools FinancialCredit Union in Sacramento, Calif., plans to convert to a newonline banking platform from the Austin, Texas-based technologyfirm.
|Schools Financial currently uses the home banking platform fromits core processing provider Symitar, according to the TechnologySurvey from Callahan & Associates.
|The launch is expected next spring and new features will includebudgeting, customizable user experiences and search features, thecompany and credit union said.
|“We've seen usage of online services increase exponentially overthe past several years. It's essential that we respond to ourmembers' need for a more robust online banking package,” said Schools Financial President/CEO JimJordan.
|Jwaala also said it will be offering its credit union clients amerchant-funded card rewards program through Truaxis of SanFrancisco.
|“The entire process–analyzing offers, handling presentment,redemption, crediting the user's account–is handled by Truaxis. Itrequires minimal interaction from the credit unions and can beeasily rolled out across our entire customer base,” said KellyDowell, Jwaala's chief operating officer.
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