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Dynamic Card Solutions offers EMV Smart Start

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ENGLEWOOD, Colo. (12/31/09)--Dynamic Card Solutions (DCS), a provider of instant issuance and personal identification number (PIN) selection solutions for credit unions and banks, announced that EMV Smart Start--a software suite for card issuers who want to issue credit and debit cards with an EMV chip--is now available. EMV Smart Start helps financial institutions that do not offer EMV cards the ability to issue them instantly in branches or in a back-office location. The name “EMV” comes from Europay, MasterCard and Visa--the companies that developed the card standard for the chip. In addition to delivering the CardWizard software and associated hardware, DCS will help educate and provide consulting services. DCS’ EMV Smart Start eliminates dependence on a third-party service bureau so that issuers can produce and deliver EMV card offerings on their own. “Many U.S.-based cardholders who travel internationally where EMV cards have become the payment standard are unable to complete transactions with their magnetic stripe cards,” added Ron Zanotti, DCS senior vice president. DCS supports card types from manufacturers including native, GlobalPlatform and MULTOS. This gives financial institution the ability to issue multiple card types, including traditional magnetic stripe, EMV, contact and contactless cards. Cards can then be used on both chip-and-PIN and stripe-and-sign systems, DCS said.

CU Members Mortgage upgrades system platform

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DALLAS (12/31/09)--CU Members Mortgage announced a partnership with Avista Solutions to provide an upgraded mortgage origination software for credit unions. CU Members Mortgage has created a web-based platform for mortgage origination. The platform lets credit unions conduct a product search, review loan programs, and evaluate the loan that will best meet the needs of a credit union member. “The SMARTSuite pricing engine delivers a fully adjusted net price to the credit union system user without reviewing our daily rate sheet or calculating complex price adjustments,” said Randy Shannon, CU Members Mortgage business development manager. Avista ImageFlow, part of SMARTSuite, allows credit unions to submit loan files electronically for underwriting review and streamlines the closing document process. The savings for credit unions will be realized in time, paper, and printer toner, Shannon added. CU Members Mortgage serves more than 1,000 credit unions, credit union service organizations and leagues nationwide. Avista Solutions provides mortgage lending software.