Credit Union Times Magazine January 26, 2011

Front Page News

News

News Briefs

Credit/Debit/ATM

Lending

  • CUDL Offers CUs New Credit Score Disclosure Tool

    New risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, or FACTA, require creditors to make available the reasons for customers' credit terms based on their individual credit scores.

Tech Bytes

  • Fiserv Lands XP2, Acumen Users

    New users of Fiserv Inc.'s long-established XP2 platform and its new Acumen solution have been signed by the Brookfield, Wis., company.

  • Ongoing Operations Expands Into Cloud

    Ongoing Operations LLC of Hagerstown, Md., has partnered with a West Coast hosted applications specialist to offer a new suite of production IT offerings for credit unions.

  • Ohio CU Buys Address Verification Software

    Experian QAS said the $753 million Seven Seventeen Credit Union in Warren, Ohio, has purchased its address verification software and rolled it out to about 120 employees.

  • RDC Users Reach 100,000 at EasCorp

    More than 100,000 credit union members are now using Eastern Corporate Federal Credit Union's remote deposit capture service for homes and businesses, the corporate said.

  • Symitar Aims to Ease Software, Human Communication

    One of the credit union industry's leading core-processing proponents of open systems has institutionalized "co-opetition" with a program designed to smooth the way between credit unions and third-party vendors.

  • Software Provider SilverCloud Signs Eight Credit Unions

    Eight more credit unions signed on as new users of SilverCloud Inc.'s software in the past month and two more have expanded their business, the company said.

  • Geezeo Signs PFM User

    The $1.3 billion University Federal Credit Union of Austin, Texas, has contracted with Geezeo to launch the company's personal financial management and Internet banking marketing platforms in 2011.

  • Three Canadian CUs Tout Mobile P2P as a First

    What they're calling the country's first mobile person-to-person payments service by a financial institution has been launched by three Canadian credit unions.

  • CU*NorthWest Signs Three as New Users of Core Platform

    Three more credit unions are now running on the CU*Answers core processing platform and a fourth will be soon, according to CU*NorthWest.

  • FTC Red Flags Rule on Identity Theft Takes Effect

    The Federal Trade Commission's Red Flags Rule is now in place.

  • S1 Begins PayPal P2P

    The Global e-commerce provider S1 Corp. of Atlanta is now offering PayPal service integrated with its online and mobile banking solutions.

  • Best Practices For Cloud Computing

    Millions of Americans are increasingly putting personal information, family photos and documents in the public cloud through Gmail, Flickr and Facebook and may not realize the problems that could present.

  • Growth Predicted in Retail Banking Spending

    Financial institutions across the world will be spending $132 billion on retail banking technology five years from now, an increase of 24% from current levels, according to Ovum.

  • Xoom Corp. Offers Online Funds Transfers to UK Accounts

    A new online wire transfer service from San Francisco-based Xoom Corp. now allows delivery to most United Kingdom bank accounts in about an hour or less, the company says.

  • Symitar to Offer Gladiator ESM

    The 550 credit unions using the Symitar Episys core platform will now be offered the Gladiator Enterprise Security Monitoring solution from a sister division at Jack Henry & Associates.

  • Segmint Partners With Sharetec

    Segmint Inc. of Akron, Ohio, said it has partnered with Sharetec Systems to make its personal digital relationship building technology available to the core processor's credit union clients.

  • Experian Integrates With MeridianLink

    Experian's PreciseID identification and credit verification service is now integrated with MeridianLink's multi-channel account opening and loan origination platform, the companies said.

  • Dell to Buy SecureWorks

    Dell said it plans to buy SecureWorks Inc., an Atlanta-based provider of information security services to several hundred credit unions, the companies said.

  • Dwolla Launches Nationwide P2P System

    A new peer-to-peer online and mobile payments system aimed at credit unions and other financial institutions has been launched by Dwolla Corp. of Des Moines, Iowa.

  • Symitar Vendor Integration Program Grows

    Symitar has added two more companies to its program for streamlining and supporting integration between third-party vendors and its Episys core processing system.

Editor-in-Chief's Column

Letters to the editor

  • Keep Those Letters Coming

    Credit Union Times has a goal for 2011 to include Letters to the Editor in nearly every, if not all, issues. We had letters in nearly every issue of 2010.

Opinion

People

  • People

    Hudson River Community Credit Union, Hudson Falls, N.Y., promoted Erika Williams to senior financial services officer at its Hudson Falls branch.

Other

  • Awards

    1st Advantage Federal Credit Union, Yorktown, Va., received a Green Award from the Newport News Green Foundation for its Denbigh branch.

  • Awards II

    Affinity Plus Federal Credit Union, St. Paul, Minn., announced that its chief administrative officer, Elizabeth Hayes, was honored with the award of "Top Women in Finance."

  • Branching

    Advantis Credit Union, Portland, Ore., reopened its 12,380-square-foot branch in Belmont on Dec. 6. The branch reopened after an extensive $2.2 million upgrade in structure and technology.

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