CSCU: Small Biz Cards Strong
CLEARWATER, Fla.-CSCU reported that during Q1 its client CUs issuing small business cards achieved an 11% growth rate in total volume dollars, compared to only 4.8% growth industry-wide, as reported by Visa. In addition, usage was greater with 7.3 transactions reported for CSCU business card programs versus Visa national averages of 6.5 transactions. For info: www.cscu.net/smallbiz.
Separately, CSCU has partnered with Mercator Advisory Group to produce a research paper to examine the potential impact of the Durbin Amendment on the CU debit issuing market. "This research brief explores several scenarios analyzing the potential changes to traditional debit card revenue models," CSCU said. "It also serves to give examples and growth strategies to help credit unions mitigate potential losses."
For info: www.cscu.net/interchange.
PSECU Launches Mortgage System
NORCROSS, Ga.-S1 Corp., a provider of payments and financial services software, said Harrisburg, Penn-based PSECU has gone live on its new mortgage software, allowing PSECU to consolidate multiple systems into one complete origination and workflow solution.
For info: www.s1.com
Consulting Division Is Added
OXFORD, Miss.-FNC, Inc. said it has launched a consulting division designed to guide clients through implementation of appraisal management software and toward best industry practices and regulatory compliance.
For info: www.fncinc.com
OD Protection Enrollment Boosted
ST. PETERSBURG, Fla.-PSCU Financial Services said its Total Member Care Contact Centers are posting "impressive" enrollment rates for Regulation E-related overdraft protection services. A full 80% of members enrolled in overdraft protection through the automated interactive voice recognition system and 85% of members opted in when speaking to a Contact Center representative.
For info: www.pscufs.com
Free Marketing Materials Offered
LENEXA, Kan.-Beyond Marketing, LLC, a marketing CUSO, is featuring a mortgage promotion for credit unions on BFree, a website offering free quarterly promotional materials.
For info: www.beyondmarketingllc.com/bready/bfree/
FNC Partners With IAS
OXFORD, Miss.-Mortgage Technology Company FNC, Inc., has partnered with Integrated Asset Services (IAS) to offer FNC's servicing clients an option for procuring next-generation real estate valuations.
For info: www.fncinc.com
