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Fiserv's LoanLaunch supports enterprise loan origination

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BROOKFIELD, Wis. (1/27/15)--Fiserv Inc.'s LoanLaunch, formerly known as Common Origination Platform, provides the framework for enterprise loan originations on a single platform.
The solution supports consumer, business, mortgage and equity loans, giving lenders a view of borrowers across all channels and products. The product is designed to provide transparency across departments, members and business processes and allows lenders to originate and close more loans with fewer resources.
"LoanLaunch reflects our deep commitment to technology to address the credit needs of today's borrowers, as well as our vision of delivering the next-generation lending experience," said Kevin Collins, Fiserv Lending Solutions president. "LoanLaunch is a powerful solution that offers financial institutions greater control over their lending decisions, more flexibility to address product, policy and regulatory changes, and support that meets changing consumer expectations of customer service."

New partnership for NJCUL, Your Marketing Co.

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HIGHSTOWN, N.J., and ROEBUCK, S.C. (1/26/15)--The New Jersey Credit Union League has partnered with Your Marketing Co., a full-service marketing, business development and product development firm based in Roebuck, S.C., as an endorsed provider.
"Marketing is a crucial area for credit unions and an area that the league has lacked a partner in for some time," said Candice Nigro, the league's vice president of marketing, communications and business development. "After reviewing several different companies and learning about Your Marketing Co.'s vision and approach, we felt it was a natural fit."

Your Marketing Co. develops strong relationships with its clients and uses that foundation to generate new ideas. Campaigns are developed for individual credit unions based on strategic goals and needs.
"If we can make a positive impact at just one credit union that enriches the lives of its members through our work, we'll call this partnership a success," said Bo McDonald, Your Marketing Co. president/CEO.

AllPoint, Star networks renew surcharge-free ATM relationship

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HOUSTON (1/23/15)--Allpoint Network and STAR Network have renewed a relationship through which STARsf financial institutions and their cardholders have unlimited access to the surcharge-free ATM Allpoint network in the United States.
Allpoint is an affiliate of ATM owner/operator Cardtronics Inc. First Data's STAR Network has more than 2 million retail and ATM locations.
When established in 2007, the STAR-Allpoint relationship expanded nationwide surcharge-free ATM access by 32,000 U.S. locations for STARsf cardholders. Since that time, Allpoint has grown its U.S. footprint to more than 43,000 ATMs, bringing the total for the STARsf program to more than 50,000 ATMs.
"Linking STARsf to Allpoint surcharge-free ATMs has always been about putting STAR financial institutions in a better competitive position," said Pete Korpady, general manager, STAR Network. "Surcharge-free ATM access continues to be a key decision point for consumers when choosing a bank or credit union. Through ongoing expansion of its network, which is focused on convenient retail locations where consumers already live, work and shop, Allpoint has demonstrated its commitment to adding value to the STARsf program, its member financial institutions and ultimately their cardholders."
Added Bill Knoll, Allpoint managing director: "Since the STAR Network first linked the STARsf program to Allpoint, we have worked together to help financial institutions deliver the nationwide surcharge-free ATM access their cardholders demand. With the STAR-Allpoint relationship set to move forward, we're expanding and enhancing our joint marketing efforts."

CU Direct shareholders to receive 10th consecutive dividend

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ONTARIO, Calif. (1/23/15)--CU Direct, a provider of lending, automotive and strategic solutions to credit unions, will distribute a 3% cash dividend to its 104 credit union shareholders--the 10th consecutive year the company has paid a dividend to its shareholders.
In 2014, CU Direct signed new agreements with 68 credit unions, to drive efficiencies, increase loan originations and generate revenue.
At year's end, 1,074 credit unions--serving 41 million members--were using the company's lending solutions, including mobile and lending platforms, analytics and reporting, auto-buying tools and retail lending products.
"We continue to deliver innovative lending solutions that help credit unions improve member auto-buying and lending experiences, and grow their loan portfolios," said Tony Boutelle, CU Direct president/CEO.
CU Direct credit unions funded more than 1 million loans through CU Direct's CUDL lending platform, generating $22 billion in credit union auto loans in 2014. The company helped its credit unions increase loan growth 29% in 2014, and as a result CU Direct credit unions, as an aggregate, became the third-largest auto lender in the nation, after being ranked the sixth largest in 2013.

CUNA Training Bundle subscriptions rise 16% in 2014

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MADISON, Wis. (1/22/15)--The Credit Union National Association recorded a 16% increase in 2014 in subscriptions to the CUNA Training Bundle--an all-access pass to the trade association's webinars and eSchools.
"The bundle offers credit unions extensive training that fits in theirs budget without sacrificing content or quality," said James Carrick, CUNA vice president of learning events.
With unlimited access to more than 20 eSchools and 200 webinars, subscribing credit unions save an average of $11,000 a year on training, CUNA noted.
In 2014, credit unions using the CUNA Training Bundle attended nearly 6,650 training events covering compliance, lending, security and human resources, among others.

ID theft services offered by MWCUA, Vero partnership

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DENVER and SCOTTSDALE, Ariz. (1/22/15)--The Mountain West Credit Union Association (MWCUA) has partnered with Vero, a provider of identity theft and data breach protection and recovery services.

MWCUA serves 132 credit unions in Colorado, Arizona and Wyoming. The combined membership of all 132 credit unions in the region is 3.1 million members and $33 billion in assets.

"Protecting the identity of the members of our region's credit unions is a top priority," said Mike Atchison, MWCUA senior vice president of credit union relations. "We are committed to help combat the growing threat of identity fraud, and this partnership with Vero makes great sense.

"Vero has unique expertise with both its identity recovery services and its focus on credit union industry solutions, making it a great fit with our member credit unions."

Vero has provided identity fraud solutions to credit unions and their members since 2004. The organization's flagship solution, IDProSelect, is a fully managed identity theft recovery service for members that also protects credit unions from data breaches and helps them comply with data breach regulations. IDProSelect protects credit union members from any form of identity theft or fraud events, including medical, financial, tax, credit card and Social Security fraud.

"Partnering with the association allows us to reach more credit unions in the region and their members at a time when it is critical to have top quality ID theft and fraud recovery services," said Jim McCabe, Vero's senior vice president of identity theft services. "The 2015 projection for data breach activity is unfortunately more of what we saw in 2014 or worse, so now is the time for credit unions to follow the league's focus on protective services."

Fiserv's CardValet app gives consumers card control

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BROOKFIELD, Wis. (1/21/15)--Financial services technology firm Fiserv announced last week the release of CardValet, a card management mobile application that allows consumers to monitor and control how, when and where their payment cards are used.

With CardValet, which can be downloaded from both the Apple App and Google Play stores, consumers can switch off cards when not in use. They can also set spending limits on the cards to prohibit transactions that exceed certain amounts.

Cardholders can track purchases by merchant category, such as travel, restaurants, or entertainment, and can deny use of the cards for certain types of merchants.

"Mobile cardholder account controls, a new best practice in card management, empowers consumers to help protect their payment card from fraudulent or unapproved use through a simple mobile phone app," said Rob Mazursky, director of the Debit Advisory Service at Mercator Advisory Group. "These apps are also reducing payment-card call-center volume by enabling consumers to turn on or off card authorization rather than calling into their financial institution for assistance."

Consumers can also set CardValet to notify them when cards are used to make specific types of transactions. For example, if a transaction is approved but exceeds any of the permitted use policies set for the card, an alert can be sent to the cardholder.

The app also can be used to notify cardholders when a transaction has been attempted, but was declined because of the limits set on the card.