Transaction processor Lending Tools on Monday told Credit Union Times in an exclusive interview that it had signed a “significant” number of corporate credit unions to “binding agreements.”
Lending Tools and Viewpointe today announced a collaboration to provide an innovative auto settlement solution to credit unions.
Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.
Chairman Debbie Matz says bids for payments operation "did not meet NCUA's responsibility to minimize service disruptions and impose the lowest possible cost."
ACH and related lines of business not included last week's eCom sale to CO-OP.
Announcement follows October bidding.
Kansas-based payments processor said to be, along with Fiserv, one of two bidders for U.S. Central.
Despite an earlier indication from the NCUA that the regulator hoped to reach a decision about how best to dispose of the assets of conserved corporate Western Bridge in November, that month came and went with no announcements.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
November gone, sources say NCUA board meeting on Dec. 15 should include an announcement.