Electronic Bill Payments Up 16%
GRAND RAPIDS, Mich.-A collaborative effort between 41 credit unions to increase CU*EasyPay! enrollment resulted in an increase of 16% in electronic bill payments during the final two months of 2008 compared to the previous two months. A handful of CUs saw a jump by as much as 200%. For its participation, WySouth CU won a 9-inch Dell Mini laptop in a random drawing that capped off the enrollment contest.
For info: www.cuanswers.com
24 Credit Unions Use 247 Lender
GRAND RAPIDS, Mich.-Two-dozen CUs are now using CU*Answers's 247 Lender, the CUSO announced. The automated decision tool works with Portfolio Defense Consulting Group and ZOOT to provide decisioning models which give automated approvals 24 hours a day, 7 days a week. There are no annual fees or up-front costs for the solution, which works with the CU*BASE processing system; clients pay $0.50 each time the model is accessed.
For info: www.cuanswers.com
WKFS Takes Over For DPS
MINNEAPOLIS-Wolters Kluwer Financial Services has reached an agreement with Document Processing Systems to transition its customers onto the WKFS document services platform. DPS recently announced it would be leaving the document preparation services market after more than 25 years.
For info: www.wolterskluwerfs.com
Fiserv Adds Real Estate Support BROOKFIELD, Wis.-Fiserv has expanded its Common Origination Platform to include real estate lending support. The COP helps lenders manage every aspect of loan origination and allows lenders to administer all types of their loans holistically instead of within traditional silos.
Lenders also have more control over the origination process as the platform automatically applying business rules across the organization.
For info: www.fiserv.com
CUTEK Signs 10 More CUs MURRIETA, Calif.-CUTEK, a financial technology development and consulting firm for credit unions using Symitar's Episys core processing system, has signed 10 more credit unions to use its Correio Address Validation Server solution. These credit unions can now validate and standardize addresses at the point of entry with the United States Postal Service; immediately mitigating any incorrect addresses for the future CUTEK's Correio AVS works by integrating with the USPS Address Matching Service Application Programming Interface to access the post office's address database and pushes the pertinent member address data back to Symitar's Episys system.
For info: www.cutek.net
