Bradford-Scott Data Corp. said the $75 million Iron Mountain-Kingsford Community Federal Credit Union in Iron Mountain, Mich., will become its fifth core processing customer in the Upper Peninsula.
Iron Mountain-Kingsford Community FCU fifth U.P. CU to pick Sharetec core processing system from Bradford-Scott Data Corp.
Core processor used by 300 credit unions to integrate personal financial management solution.
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.
The approximately 330 credit unions using the Sharetec core processing system will now be offered the personal digital relationship building services of Segmint Inc. of Akron, Ohio, the company said.
VSoft Corp. and Sharetec have partnered to offer teller and RDC solutions from VSoft to credit unions using Sharetec for core processing.
The 300-plus credit unions running the Sharetec core processing platform are now being offered Check 21 solutions from VSoft Corp.
Mobile banking has created new opportunities for consumers and criminals alike, and some of the greatest vulnerabilities stem from the same factors that make banking by cell phone so attractive, industry observers and participants say.
While an estimated 90% of U.S. consumers use mobile phones, far fewer use them for banking. In fact, a Gartner report released in June said that out of the group studied, only 15% had used mobile banking in the past month.
Bradford-Scott Data Corp. said it will be converting Sheboygan Area Credit Union to the Sharetec System core processing platform.