Waiting game for credit unions and CUSOs by a patent litigation suit from London payments technology vendor Serverside Group.
Credit unions and vendors among defendants named in card technology suit filed by London-based firm.
Small boxes sitting on the network at a Symitar data center in Missouri are helping the core processor’s client credit unions improve internal efficiencies while the company works to wean its client base off traditional magnetic tape, the company said.
The $84 million CTCE Federal Credit Union of Reading, Pa., has become the 49th credit union to convert to the Symitar Episys platform through Member Driven Technologies, the suburban Detroit CUSO said.
Suburban Detroit CUSO's hosting operation notches 49th conversion to Symitar Episys platform.
After six years of development, Corelation Inc. of San Diego has a credit union customer live on its new KeyStone core processing platform.
The developer of the mobile remote check deposit platform used by many of the major vendors to credit unions said it has been granted four new patents for its RDC technology.
San Diego-area credit union one of three signees so far for startup from former Symitar executives.
Mitek Systems said it has been granted four new patents for its widely used “Point, Shoot and Deposit” mobile remote check deposit technology.
The $135 million Oxford FCU is now running on a Symitar Episys core platform through league-owned service bureau.