Product & Service
Members No Longer On Island
SAN DIMAS, CALIF.-Financial Service Centers Cooperative, Inc. has entered the Rhode Island market by adding Community & Teachers FCU, Columbus CU and Wave FCU to its international shared branching network. The Rhode Island CU League said it expects to see the FSCC presence in the state continue to grow over the next 12 months.
Separately, a partnership with Ensenta has helped FSCC boost self-service branch transactions by 50% during the first quarter of the year.
For info: www.fscc.com or www.ensenta.com
Metavante To Acquire VICOR
MILWAUKEE-Metavante, the banking and payments technology subsidiary of Marshall & Ilsley Corp., has signed an agreement to acquire VICOR, Inc., Richmond, Calif., a provider of corporate payment processing software.
VICOR's software simplifies and automates complex payments. Its flagship product, Receivable Information Delivery System (RIDS), is a lockbox and remittance system that delivers wholesale, retail, and scannable payment processing functionality on a single platform. The VICOR acquisition is expected to close in the third quarter, pending regulatory approvals.
For info: www.metavante.com.
Ellie Mae In Partnership
DUBLIN, CALIF.-Ellie Mae, a provider of software and services for the mortgage industry, has partnered with ComplianceEase, a provider of automated compliance and risk management solutions, to offer free, automatic compliance audits to mortgage brokers using Ellie Mae's Encompass Mortgage Automation System.
Available immediately in the latest version of Encompass, the new compliance audit service powered by ComplianceEase builds on Ellie Mae's acclaimed loan origination solution. The compliance check is free of charge with every loan submission to one of the 45 plus lenders available on the ePASS Network.
For info: www.EllieMae.com or call (888) 955-9100.