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CUAnswers announces CUBase 12 2 upgrade

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GRAND RAPIDS, Mich. (11/21/12)--CU*Answers, a Grand Rapids, Mich.-based credit union service organization, has released the 12.2 software upgrade for its flagship data processing software, CU*BASE.

The upgrade is the last of three major upgrades CU*Answers will deploy to its data processing clients this year, the company said.

New features include:

  • A new online campus for credit union education;
  • Mobile Web bill pay for EasyPay; and
  • Enterprise Risk Management tools built right into CU*BASE.
Also, the upgrade made it easier to set up bonus dividends and interest rebates. In years past, CU*Answers assisted credit unions with set up of the program, which required some customization. Although it was a free service, credit unions still could not configure and execute the process fully on their own. A new menu function has been added so credit unions can set up their own bonus programs.

The new function also gives the credit union the ability to run a simulation of the live files without actually posting, and can be run as many times as it would like. Gividends, a division of CU*Answers, has offered to assist credit unions this year in walking staff through the process to make sure the tool is easy to use.

CO-OP offers P2P digital wallet paper

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RANCHO CUCAMONGA, Calif.  (11/21/12)--CO-OP Financial Services, a credit union service organization that offers shared branching, ATM and payment services, is offering a white paper to attendees of a free webinar on person-to-person (P2P) payment and digital wallets.

The one-hour webinar, titled, "Are P2P and Digital Wallets Right For Your Credit Union?" will be held at 11 a.m. (PT) Dec. 5.

The white paper focuses on definitions of P2P/digital wallets and enabling technologies, a review of key industry developments, and CO-OP's recommendations for credit unions considering P2P/digital wallets adoption. The white paper will serve as the basis for the webinar presentation.

Among the topics the white paper and webinar will cover include:

  • Definitions of P2P, digital wallets, near-field communications and wallets not requiring a swipe or a tap. In addition to describing technology in plain language, this section also provides examples of products and providers currently on the market, as well as assessments of adoption successes and challenges to-date.
  • A survey of key recent industry developments from leaders in technology, financial services and retail point of sale.
  • CO-OP's recommendations for P2P technology and digital wallets.
  • A summary of CO-OP's vision for the future for P2P/digital wallets and CO-OP's current and of its planned services in this area.