Product & Service
Clayco Financial Facilities Launched
ST. LOUIS-Clayco has launched Clayco Financial Facilities, which will be composed of six veterans in the financial services industry and will be led by Paul Barrath, vice president. The company said the new business group is focusing on development and design-build services, delivering turnkey facilities to the financial services industry. Other members will include Tom Lombardo, Bruce Wolferding, Mary Smolar, Scott Florini and Clarence Steele.
Origination Suite Is Updated
CARMEL, Ind.-Baker Hill, a provider of banking process solutions, has updated its ASP-based Origination Suite to enable its clients to comply with the Fair and Accurate Credit Transactions (FACT) Act of 2003. The Suite's hosted, ASP environment allows changes to be made to complex solutions quickly and easily, the company said.
For info: www.bakerhill.com.
Dupaco Returns To CUNA Mutual
DUBUQUE, Iowa-After a six-year absence, Dupaco Community Credit Union has returned to CUNA Mutual Group for its Credit Union Bond and Special Insurance Package programs.
The $345-million Dupaco cited a competitive drive and professional sales process in making the decision.
For info: cunamutual.com.
Watching Fraud Like A Hawk
ONTARIO, Calif.-The CO-OP Network, the nation's largest credit union EFT network, has introduced a new tool for protecting PIN-based transactions: the enhanced Falcon Fraud Manager. The system, which previously scored only signature-based debit, will now accommodate pin-based ATM and debit card transactions, and is the most effective means available for ATM, Visa and MasterCard issuers to prevent fraudulent transactions, according to CO-OP Network EVP Jim Hanisch.
Developed by Fair, Isaac and Company Inc., a leading provider of creative analytic technology, Falcon Fraud Manager prevents losses by calculating and assigning scores to incoming transactions using data-modeling and individual member history profiles.
Separately, Florida's largest credit union, the $4.4-billion Suncoast Schools FCU, has joined the CO-OP Network.
For info: www.co-opnetwork.org.