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Intuit unveils SnapTax for iPhone Android

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MOUNTAIN VIEW, Calif. (1/24/11)--Intuit announced that SnapTax, a mobile application that allows people to prepare and file their taxes, is now available nationwide for both iPhone and Android from TurboTax. Intuit Financial Services is a CUNA Strategic Services provider. Introduced last year in California, SnapTax allows taxpayers with simple returns to snap a photo of their W-2 with their mobile phones and then automatically enters the information into their tax return, Intuit said. Taxpayers answer a few basic questions, review their return for accuracy and tap “File Now” to electronically file their federal and state tax returns in minutes. According to a release, SnapTax uses optical character recognition (OCR) technology to streamline tax preparation and shows a running tally of the refund, or taxes owed, every step of the way, according to the release.

Bluepoint announces record performance

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VISTA, Calif. (1/24/11)--Powered by strong customer growth and retention, technology solutions provider Bluepoint Solutions, a 2010 CUNA Technology Council “Best of Show” winner, experienced a record performance in 2010. Bluepoint saw a 32% increase in new direct clients, with an existing customer renewal rate of more than 95%. The company also experienced record growth in the adoption of its ImagePoint item processing solution, with 24 credit unions using it to move item processing operations entirely in-house. Bluepoint launched one of the industry’s first remote-deposit capture solutions for smart phones in July. With increased smart phone use and consumer demand for mobile banking applications, the company said it has already experienced rapid adoption of the new solution, QwikDeposit ToGo. CUNA council award was presented at the the BAI Retail Delivery conference.

Xtend returns dividend raises price

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GRAND RAPIDS, Mich. (1/24/11)--Xtend, a Grand Rapids, Mich.-based credit union service organization, declared its first-ever dividend and raised its stock price. Xtend provides an array of managerial, operational, marketing, technical planning and consulting services for credit unions. The company released its final audited financials to its 52 stockholders on Dec. 7 along with a dividend of 3%. Xtend’s board of directors also voted to increase the price of the company’s stock for the first time since 2008. The new stock price of $19,500 for an ownership block of 200 shares became effective Jan. 1.