Generations CU Chooses EPL
DURHAM, N.C.-Generations Community CU said it has contracted with EPL to
provide it with a full suite of technology solutions that includes i-Power
online core data processing system, home banking, bill payment, LoansPQ and XPress Accounts. The contract also includes EPL's web design and hosting
services and CU-Dashboard. EPL is a subsidiary of the Alabama CU League.
For info: www.eplinc.com.
MortgageMarvel Makes Debut
MEQUON, Wis.-Mortgagebot has introduced a service it says links home buyers seeking a mortgage with lenders who want their business, including credit unions. Called MortgageMarvel (mortgagemarvel.com), Mortgagebot is describing the solution as a "revolutionary new direct-to-consumer lead-generation service for community-based lenders." It is the first and only on-line mortgage-shopping service targeted at consumer borrowers that is tightly integrated with a nationwide network of hundreds of trusted, local lenders, according to Mortgagebot. "With a single mouse-click," said CEO Scott Happ, "Mortgage Marvel can provide borrowers with fast, accurate, real-time rate and fee quotes from trusted, local lenders-but without requiring borrowers to reveal personal information."
Mortgagebot pointed to statistics from Forrester Research showing that the number of U.S. consumers shopping for mortgages online has increased by 17%, that 77% of consumers who research mortgages online are looking for rate and fee information, that 29% of online shopers say they want a user-friendly tool to compare lenders and loans-yet less than 50% of them actually found such a tool online, and that just 36% of consumers say they were satisfied with their online mortgage experience.
NCR, MShift Enter Agreement
DAYTON, Ohio-NCR has entered into a global reseller agreement with MShift, a provider of customizable wireless solutions. Under the companies' agreement, NCR will offer the MShift Mobile Banking Solution as part of its suite of Internet banking services. The MShift solution enables financial institutions to provide customers with anytime, anywhere access to online banking services via their cellular phone, personal digital assistant, and other wireless devices, the companies said.
