Product & Service
PEMCO Connection Is Certified
SEATTLE-PEMCO Technology Services has certified its online connection with Utah-based data processor CMC Flex. Through this connection, PEMCO can offer its customers online credit, debit, and ATM authorizations and settlement. The online connection uses credit unions' in-house systems to give cardholders real-time access to their account information, and it provides automatic account status updates. For info: www.pemcotech.com
Beanstalk, Fiserv Lending Agree
WEST PALM BEACH, Fla.-Beanstalk Networks here and Fiserv Lending Solutions have reached an agreement to integrate OpenClose MTG from Beanstalk Networks' mortgage technology division (Mortgage Connect) with Fiserv loan origination and processing software. Mortgage Connect will collaborate with Fiserv Lending Solutions to develop the necessary integration to exchange new application data and communicate loan status between OpenClose Wholesale MTG (a private-label, qeb-based, business-to-business solution for wholesale mortgage lenders) and UniFi(r) PRO Mortgage eX. The agreement also provides for future initiatives that could bring the benefits of OpenClose Wholesale MTG to both UniFi PRO Mortgage eX and Fiserv easyLENDER(r) system users. For more info: www.mortgage-connect.com
PSCUFS Signs BENCHMARK FCU
WEST CHESTER, Penn.-BENCHMARK FCU here has chosen PSCU Financial Services to handle the card processing for its 7,500 accounts. The credit union will move to PSCUFS in April, 2004. "The CreditAbility platform will provide us with the flexibility to be more creative in our promotional efforts with our card programs and position us to be more competitive as well," said Donna Filipone, VP-lending with BFCU.
For info: www.pscufs.com.
Yahoo Offers International Payments
SUNNYVALE, Calif.- Yahoo plans to launch a service to let people send money overseas, even if recipients don't have a bank account. Yahoo said its international payments system, PayDirect International, will allow users to send money to 182 countries, regardless of whether the receiver has Yahoo, or even Internet access. After a user sends cash, the recipient would receive a bank card usable at more than 800,000 ATMs worldwide. Yahoo said it will absorb the the costs of creating and sending the cards. The card, Yahoo said, will work like a regular ATM card, letting the holder withdraw incremental amounts or the entire balance. Senders can add cash to the cards, up to specified limits, through the PayDirect website.