SHAZAM Offers Mobile App
DES MOINES, Iowa-The SHAZAM BOLT$ mobile app is now available through Google Play, as well as in the iPhone store, meaning both Android and iPhone users from the more than 300 participant financial institutions can use it. The app alerts cardholders to potential fraud and allows them to check balances.
SHAZAM BOLT$ is an extention of SHAZAM's fraud-prevention services, and alerts are generated any time suspicious purchases are made. Those alerts are based on criteria such as purchases above amounts specificed by the cardholder, card-not-present transactions, and suspicious or high-risk transactions. The app can be configured to match an FI's branding, and a web version is available for cardholders who prefer to access it via desktop/laptop or mobile browser.
Check Scanning Upgraded
MT. PROSPECT, Ill.-Cummins Allison has partnered with CTS North America to expand its portfolio of check processing solutions. The expansion is set to enable Cummins Allison to provide the industry's broadest line of check scanning solutions. Cumins Allison's agreement with CTS North America will allow it to offer cost-effective high quality deposit-processing operations, as well as solutions for commercial remote deposit capture, said Cummins Allison's EVP Frank Janezic.
Wipro Unveils 'Lend Value'
FRANKLIN, Tenn.-Wipro Gallagher Solutions has launched its "Lend Value" loan origination solution, designed to deliver constancy and optimization across FIs' entire lending value chain, from back-end processing to front-end customer/member-facing experience. The solution allows borrowers to remain actively engaged during all steps of the lending process, giving the lender increased customer/member satisfaction. Lending partners and correspondent lenders are also able to communicate via the solution, which speeds up loan approvals and provides increased transparency.
MoneyDesktop Wins Recognition
PROVO, Utah-MoneyDesktop has been awarded a Silver Telly in the 3rd annual Telly Awards recognizing television and video advertisements. MoneyDesktop's video, "PFM=PFI, The Case For MoneyDesktop," was recognized in the Business-To-Business category and marks the second of the company's entries to receive one of these awards in the past three months. The company also won a bronze award for a video produced for a client Visa Prepaid. To see MoneyDesktop's winning video, visit: http://vimeo.com/62128379
ITems
PULSE Deploys PRISM
DISON, N.J.-Debit/ATM network PULSE has deployed ReD's PRISM Real Time, Scoring Engine and Analysis & Review as part of its DebitProtect Fraud Migration Service upgrade.
The solution combines neural network technology, rules-based strategies and intelligent mining for rapid fraud detection.
Working in conjunction with ReD, the PULSE DebitProtect fraud mitigation service offers real-time fraud blocking that enables participating issuers to respond quickly to fraudulent debit card activity, reducing losses and decreasing the impact to cardholders.
Sharetec Celebrates Anniversary
INDIANAPOLIS-Sharetec System is celebrating nearly 20 years of partnering with Badger CU.
Sharon Anderson, President of Badger Credit Union in Peshtigo, Wis., said that prior to signing with Shartec nearly 20 years ago, the CU was very limited in what it could offer members.
"Sharetec opened up many opportunities for us and today we continue to provide our members a variety of services and products to accommodate our ongoing growth. We have not only developed a business relationship with Sharetec, they are part of our team. They are always willing to help in any way they can and they have exceeded our expectations with how quick calls are returned and questions answered."
EMV On-Demand Launched
CHICAGO-Arroweye Solutions has launched EMV On-Demand to help card issuers manage EMV transitions and maintain member/customer affinity.The company says its digital on-demand production technology provides financial institutions with a more effective strategy to manufacture, personalize and fulfill EMV chip cards with better cost control and ROI.
SLCCU Taps NCB For Settlements
ARLINGTON, Va.-The National Cooperative Bank announced that St. Louis Community CU has transitioned its settlement activity and most of its correspondent banking services to NCB.
St. Louis Community CU said it chose NCB as its services provider because of strong economic value, shared mission and no capital requirement. SLCCU President Patrick Adams stressed that NCB "offered an exceptional value proposition compared to many traditional providers, including going directly to the Federal Reserve."
NCB has also partnered with a variety of credit union organizations including the National Credit Union Foundation, the National Federation of Community Development Credit Unions, and multiple CUSOs.
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Mobile Lending Channel Takes Off
ELGIN, Ill.-Lending Solutions, Inc. (LSI) is reporting growth in the number of loan applications it is processing via the mobile channel on behalf of its credit union clients. The volume of mobile applications has increased 443% from 2012 to 2013. LSI's mobile application is part of the company's internet lending service which includes a dynamic online application with automated decision technology, as well as a team of underwriters available 24 hours a day, 7 days a week. The mobile application contains all the functionality of LSI's standard internet application, but is optimized for smart phones including iPhones(tm) and all Android(tm) phones.
Cloud Computing Solution Offered
PLANO, Texas-Catalyst Corporate FCU has announced that it will provide credit unions with cloud computing and other IT outsourcing solutions. The Catalyst Cloud Computing (C3) platform, powered by Compushare, will allow credit unions to move all of their local applications and processes to a secure, scalable, high-redundancy remote environment. A suite of enterprise-class systems-management and security solutions is also available to serve credit unions that currently have limited outsourcing needs.
Thuridion, Aujas Team Up
SCOTTS VALLEY, Calif.-Thuridion, which markets document management systems to credit unions, has partnered with Aujas Information Risk Services to market Aujas services and technology to CUs. More than 300 organizations around the world, including many FIs, already use Aujas services such as Phishnix(tm) to discover and plug vulnerabilities in their security posture, including employee-based social engineering.
CUSN Partners With Alkami
LAKEWOOD, Colo.-Alkami Technology Inc. and CU Service Network (CUSN) are partnering to enhance the look and feel of the products and service that credit unions can deliver to their members. CUSN provides products and services to credit unions, big and small, in the Rocky Mountain and Great Plain states with "best in class" consulting, product implementation support and fostering collaboration among credit unions and their partners, as well. Alkami provides a premier digital banking solution that allows credit unions to provide an exceptional member experience with a single platform for online, tablet, and mobile utilization.
Autoland Optimizes Website
CHATSWORTH, Calif.-Autoland Inc. has launched an optimized mobile website after seeing a 67% jump in mobile traffic to its website in just the last year. The optimized site doesn't require a software download, it recognizes when a user is viewing the site on a mobile device and automatically launches the mobile-friendly version of the site.
