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MURRIETA, Calif. — CUTEK, a consultancy and developer specializing in the Symitar Episys core processing system, is offering a hosted version of its mailing address validation software solution for credit unions.There now are 44 credit unions using the in-house Correio system. The hosted version eliminates the need for the credit union to maintain a PC server and connection with the U.S. Postal Service database on its own.“Our goal for Hosted Correio is to continue offering a powerful and seamless address standardization and validation solution, making it more attractive to credit unions that don’t really want to spend the money on hardware to maintain the USPS database or worry about loading updates,” said CUTEK President Ron Murray.Murray said both the hosted and in-house solutions are available to credit unions running on platforms other than Symitar’s, a first for CUTEK.“It’s the natural progression of the product to make it available to everybody,” Murray said.The Correio solution integrates with the USPS’s programming interface to access the USPS database, which is updated bimonthly, and pushes the data back to the credit union’s core processing system. CUTEK also plans to soon upgrade both Correio versions with the ability to check the Social Security Administration’s death master list, a feature that also will help protect against fraud, Murray said.Murrieta-based CUTEK now has a client list of about 120 credit unions running on the Symitar Episys platform.

Peter Westerman

Credit Union Times

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