Product & Service
CU BizSource Relaunches Site
MIDDLETOWN, Penn.-CU BizSource, LLC has relaunched its website www.cubizsource.com. The relaunch is in conjunction with its recent name change. Available on the site at no charge are the Member Business Loan Underwriting and Documentation Standards that were formulated with the input of credit unions from across the country. The company said that brand new to the site is information on the prestigious Member Business Lending "certification" program and which opens an avenue for selling loans on the secondary market to the CU Systems Fund.
Financial Partners Selects Patrion
RIVERSIDE, Calif.-Patrion Insurance Services has been selected by Financial Partners Credit Union, Downey, Calif., to provide members with access to a full line of insurance products and services. Patrion is a CUSO of Altura Credit Union, formerly Riverside County's Credit Union.
For info: www.patrioninsurance.com.
S1 Reorganizes Business Units
ATLANTA-S1 Corp., a provider of front-office solutions for financial institutions, has reorganized its business units, each of which will be designed around solution sets and addressable markets. The company said expects this realignment to reduce its annual operating expenses by $20 million to $22 million by the end of the year. The expense reduction results from an approximate 8% reduction in employee headcount as well as consolidation of some facilities.
For info: www.s1.com.
AFS, Diebold In Marketing Alliance
OKLAHOMA CITY, Okla.-Advanced Financial Solutions (AFS), a provider of image-based payment processing solutions, and Diebold, a leading provider of self-service solutions, have agreed to co-market an image-enabled automated teller machine (ATM) deposit capture solution, enabling the complete electronic processing of checks deposited at the ATM. The Diebold ImageWay ATM solution electronically transmits deposit data and check images from the ATM to the AFS ImageVision platform.
For info: www.diebold.com or www.afsimage.com.