MEMPHIS, Tenn. – Parsam said three more large credit unions–Fairwinds CU, First CU and KeyPoint CU–have contracted for its uMonitor uOpen and uFund online account opening and funding services.
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The services will allow the credit unions to set up new deposit accounts, obtain credit cards and complete loan applications via the Internet.
The services also facilitate regulatory compliance, particularly the provision of the USA Patriot Act requiring all financial institutions implement a customer identification program.
