EPTFCU Chooses ULTRADATA
EL PASO, Texas-The $210-million El Paso Teachers FCU has selected Harland Financial Solutions, Inc., Atlanta, to provide a broad range of technology products and services. The credit union plans to license Harland Financial Solutions' ULTRADATA core system and will convert to the new system in August. "The ULTRADATA System's open architecture allows us to deliver the most tightly integrated, turn-key suite of financial applications available anywhere," said Jim Berthelsen, senior vice president, Harland Financial Solutions' Credit Union Core Systems. The total solution chosen by the credit union includes Harland Financial Solutions' Financial Services Platform (teller, member service, automated loan processing, collections and back-office); Touch? CRM solution, including MCIF analysis and credit union-wide sales and service functionality; Ultra-Accessr internet banking; Card Solutions for online ATM/POS and Debit Cards; OnBase document management and INTERLINQ mortgage origination, production and servicing solutions. El Paso Area Teachers FCU will be purchasing their hardware through Harland's Scantron Service Group, a nationwide provider of hardware systems, operating systems and related maintenance services.
For info: www.harland.net.
EDS Adds Document Viewer
PLANO, Texas-EDS has added a new secure document viewer to Loan Advantage, its web-based loan origination software, which creates what the company said is the "credit union industry's first fully integrated, online lending experience." More than 130 U.S. credit unions have already signed up to use Loan Advantage, which EDS launched less than a year ago. The new secure document viewer enables loan officers and members to share completed online loan documents via a secure website, eliminating faxing and paperwork In addition, with EDS acting as the Application Service Provider (ASP), credit union employees access browser-based software at an EDS site via the Internet. CUs are required to have only a PC, an Internet connection and a laser or ink jet printer. For info: www.eds.com.
WIS Debuts Site Builder
ORLANDO, Fla.-Worldwide Interactive Services has launched a new web development application called Site Builder. The company said Site Builder combines the experience gained from launching over 300 client applications and new technologies to drive a web development engine. "We want to empower credit unions nationwide with the ability to keep their web presence current. Whether they want to change hours of operation or their complete web site, Site Builder can make these changes instantaneously," said President John D. Pantaleon.
For info: 407-425-9223 x 1229
Summit Adds Collections Feature
CORVALLIS, Ore.-Summit Information Systems, a unit of Fiserv, has entered into an alliance with Intelligent Banking Solutions (IBS) to offer the IBS Collection Management System. According to Summit, the CMS system automates all tasks associated with the collection of delinquent accounts receivable, such as activity tracking, queuing follow-up ticklers, automating dunning letter production and organizing collector work management. Summit will provide marketing, implementation assistance and support for the on-line collection.
For info: www.summitsite.com.
FICS Marks 20th Anniversary
DALLAS-Financial Industry Computer Systems, Inc. (FICS), a provider of mortgage technology related to both in- house origination and servicing, is marketing its 20th anniversary this year. During the past two decades the company said it has worked with more than 900 mortgage loan origination and servicing companies. Founded in 1983 by W. Carl Gahan and John A. Saar, the company's first product was Mortgage Servicer, written in Basic programming and operating on a then state-of-the-art PC with 512k of memory and a four megahertz processor. It could handle 2,000 loans.
Today, FICS run Windows-based systems using a 32-bit client/server app that supports ODBC relational databases.
For info: www.loanware.com.
Experion Sponsors Symposium
LAS VEGAS-Experion Systems, Inc., a provider of Trusted Advisor technology solutions to credit unions, and Member Gateways, LLC, a CUSO focused on bringing new innovative solutions to its member credit unions, co- sponsored an Automated Advice Symposium here. The Symposium included presentations from Dr. Glen Urban, Professor of Marketing at the MIT Sloan School of Management, Ron Shevlin, Research Director at Forrester Research, Inc., and Ross Blair, CEO of Experion Systems, Inc., in addition to a senior CU executive panel discussion.
Urban told the meeting that financial services providers are moving toward the "The Trust Imperative" to reposition themselves in an ever increasingly competitive marketplace. The panel consisted of Jeff Farver, CEO of San Antonio FCU; Doug Ferraro, president of Bellco CU, and Bob Hamer of Mission Federal Credit Union, who discussed the Billerica, Mass-based Experion's automated advice technology.
For info: www.experionsystems.com.
Chubb Offers 'CyberSecurity'
WARREN, N.J.-Chubb Group Insurance Cos. has introduced "CyberSecurity by Chubb," liability insurance for financial institutions designed to protect against personal injury and advertising injury claims resulting from cyber activities.
The company said the coverage "can also provide coverage when a system security failure causes damage to a third party."
Among the exposures covered: content injury (including infringement of intellectual property, trademark and copyright); reputational injury (including lawsuits alleging disparagement of products or services, libel, slander, defamation and invasion of privacy), conduit injury (including system security failures that result in harm to members or third-party systems), and more.
For info: www.chubb.com.
Sanchez Revenues Are Up
MALVERN, Penn.-Sanchez Computer Associates Inc. said it exceeded 2002 revenue estimates by generating $93 million and exceeded its earnings expectation by posting net earnings of $3.9 million, or $0.15 per diluted share for year-end 2002. For info: www.sanchez.com.
Fiserv To Offer E-Bill Pay
BROOKFIELD, Wis.-Fiserv Inc. has signed with iPay, LLC, to begin offering its credit union and bank customers electronic bill payment services.
The product offered by Elizabethtown, Ky.-based iPay provides users with a turnkey, outsourced solution that provides a secure administration site, a branded interactive demonstration, online enrollment, disclosure posting, and custom-recorded customer service line.
The service is designed to be used with any Internet banking system.
For info: www.fiserv.com