Two credit unions in Massachusetts and Ohio have committed to outsourcing their core processing through credit union-owned service bureaus running the Symitar core processing platform.
Core processing systems have been the backbone of the credit union transactional system since the days before share draft accounts became simply known as checking. But with functionality broadening to include credit and debit cards, online fund transfers and now mobile and even person-to-person, is core processing simply a commodity, a...
A Memphis, Tenn. core processing CUSO said it will be converting five more credit unions to its platform in 2011 and handling the system conversions created by six mergers involving two current clients.
The $147 million Industrial Credit Union in Boston is moving its core processing business from Open Solutions Inc. to an Open Solutions outsourcing partner, COCC of Avon, Conn.
Share One Inc. said it will be converting five more credit unions to its NewSolutions core processing solution in 2011 and handling the system conversions created by six mergers involving two current clients.
Open Solutions Inc. of Glastonbury, Conn., and PSCU Financial Services of St. Petersburg, Fla., have reached an agreement that integrates the big CUSO’s contact center services with the core processor’s flagship DNA platform.
Two outsourcing providers of the Symitar core processing platform said they have signed new credit union users of their services.
Three more credit unions are now running on the CU*Answers core processing platform and a fourth will be soon, according to CU*NorthWest.
CU*NorthWest said it has completed conversion of three Colorado credit unions and signed its second California client to contract the CU*Base core processing solution from CU*Answers.
Fiserv Inc. has signed an existing client as a user of its new Acumen core processing platform and a new client to its XP2 solution.