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Councils Best of Show uMonitors online switch kit
WASHINGTON (3/13/09)--The uSwitch online switch kit from uMonitor, which allows members to transfer all their financial relationships to a different financial institution quickly and easily, was the winner of the CUNA Technology Council’s Best of Show Award. The award was presented at the Credit Union National Association’s (CUNA) 2009 Governmental Affairs Conference (GAC), held Feb. 22-26, in Washington, D.C. With uSwitch, members can switch any direct deposit transactions, transfer any payments that are automatically deducted from their accounts, switch loan accounts or credit cards, and close other financial accounts. It can be integrated into a new-account opening process and also can be available as a stand-alone service or in the branch or call center. The award is the first Best of Show award ever held at the GAC. Rudy Pereira, council chair and senior vice president of operations and technology for Alliant CU in Chicago, said that uMonitor’s uSwitch was a unique product. “It can save credit unions time and money while building their member base,” he said. Dinesh Sheth, CEO of uMonitor, Memphis, Tenn., accepted the award. Since 2001, the CUNA Technology Council has presented Best of Show awards to conference exhibitors that demonstrate a commitment to delivering technology that will further the growth of products and services in the credit union marketplace. Vendors’ products are evaluated according to affordability, the benefit to credit unions and their members, a commitment to open standards, current product use, and health of the company.
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