Wycom Systems has hired a 25-year credit union industry veteran as its newest sales executive.
Jeff Terrell had most recently been a field-based sales executive for Fiserv and prior to that had been in sales positions with XP Systems and Summit Information Systems, according to Wycom. He began his credit union career at a San Diego credit union.
Alaska-based Wycom Systems provides check, receipt and document processing solutions to more than 8,000 customers, including more than 1,000 credit unions.
The company said Terrell will focus on the sale of Wycom credit union solutions, which include WyChecks for secure check signing, printing and archiving; WyReceipts for streamlined receipt generation and archiving; WyDocs for simplified document generation and archiving; and WyTeller21 for check processing.
"We're excited to have Jeff on board," said Perry Kohne, president of Wycom Systems. "Jeff's experience will help us execute our growth initiatives in the credit union market."
FraudMAP Goes Live at Truliant
Truliant Federal Credit Union in Winston-Salem, N.C., has added a new tool to its fight against online fraud.
The $1.2 billion institution has deployed the FraudMAP behavioral activity monitor from Guardian Analytics of Los Altos, Calif.
The solution models all individual online activity sessions and flags behaviors inconsistent with what would be expected, the company said.
"FraudMAP was easily integrated with our Digital Insight Internet banking platform and immediately alerted us to attempted fraud," said Bob West, chief information officer at 181,000-member Truliant.
"FraudMAP's behavior-based analysis capability makes our antifraud efforts proactive without requiring any changes to our online banking infrastructure or inconveniencing members," he said.
The company doesn't release client counts, but said Truliant joins Digital and Star One credit unions as FraudMAP users.
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eDOC Adds Deployments
Four more credit unions have completed deployment of a new electronic document solution from eDOC Innovations, the company said.
They are the $153 million Heartland CU of Madison, Wis., the $164 million Superior Choice CU of Superior, Wis., the $51 million Meijer CU of Grand Rapids, Mich., and the $45 million Lake Huron CU of Saginaw, Mich.
The e-Document Strategy Solution includes comprehensive imaging, electronic signature document automation and member service development features, according to eDOC Innovations (www.edoclogic.com.)
eDOC Innovations serves more than 400 credit unions and is based in Midway, Utah. The company is part of CU*Answers, a core processing CUSO based in Grand Rapids, Mich.
Open Solutions Meeting Draws 1,100
More than 1,100 attendees participated in Open Solutions Inc.'s recent annual client conference in Las Vegas, the company said.
Chairman/CEO Louis Hernandez told the opening session that 2009 is a "year for growth and optimization" for Open Solutions and marks the start of the company's "final transformation phase" since going private again in 2007.
The company has invested more than $40 million in its products and people in the past two years, Hernandez said, adding that he anticipates "exponential growth" this year and beyond.
He also said that more than 60% of the users of its flagship TCBS/TCCUS core platforms are now running the new DNA version and that the rest are expected to upgrade by November.
CUOL Opens New Platform
Data center operator Credit Union On-Line Inc. is converting the two dozen credit unions it serves to a new online banking platform and accounting suite, the company said.
The Waltham, Mass., operation already is the only data center provider of the Fiserv XP2 platform. Its credit union clients now will be using CheckFree through Virtual Branch, Fiserv's software suite for online banking and bill pay by computer and mobile devices.
Most also will be using the Wisdom Accounting Suite, integrating core general ledger functionality, branch and department accounting, vendor information and other functions with the XP2 core system, CUOL said. Additional Wisdom products and services are being implemented at many client sites, the company added.
"We're excited about our new relationship with Virtual Branch and CheckFree," said CUOL president/CEO Connie Boretti. "To support our CU clients in penetrating the Gen X and Gen Y member segments, CUOL must deliver a solid, reliable remote banking strategy-including mobile banking and up-to-date messaging technology-that these members rely on."
Teres Solutions and Andera
Announce an Integration Deal
Teres Solutions said it is now integrating the account-opening solution from Andera into its SAIL automated lending platform.
Austin, Tex.-based Teres, a provider of indirect and direct lending solutions to about 200 credit unions and other lenders, made the announcement at its annual Shine '09 lending conference at the Gaylord Texan Resort & Convention Center in Grapevine. Credit Union Times Editor-in-Chief Sarah Snell Cooke moderated a panel at the conference.
The integration allows institutions using SAIL to offer new account owners access to real-time automated loan decisions, including loan consolidations, credit cards and other services of values, as well as cars and trucks.
Andera, based in Providence, R.I., provides account-opening solutions and other software and services to about 270 financial institutions, about half of them credit unions.
IMM Touts 22 Signings in First Quarter
Twenty-two customers placed orders for 35 products in the first quarter of 2009, according to Integrated Media Management, a provider of document and automation technology solutions for financial institutions.
The Linden, N.J.-based firm also said that its revenue for the first three months of the year was 40% higher than in the first quarter of 2008. It said three of the signings were with new customers.
Nine of the orders were for the company's TotaleReceipts teller transaction and signature capture software, while eight were for TotaleAtlas, IMM's document preparation solution.
Eleven sales were for a variety of Check 21 capture solutions. Nine others used IMM's consulting services, the company said. IMM said it now has products in place at more than 600 financial institutions.
Planites CU, Chicago, Is Switching to
Bradford-Scott Data's Sharetec System
Bradford-Scott Data said it will be converting Planites Credit Union to the Sharetec Systems core processing platform.
The $23 million Chicago credit union has been using a Fiserv Galaxy platform, according to its 5300 Call Report with the NCUA.
Indianapolis-based Bradford-Scott provides the Sharetec Systems platform to more than 160 credit unions in 15 states, the company said. Planites CU (www.planites.org) serves employees and families of Health Care Service Corp. and its subsidiaries and affiliates, Fort Dearborn Life Insurance Co., Dental Network of America and Hallmark.
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