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VSoft marks 10 years of technology for CU processes

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WASHINGTON (3/3/11)--Atlanta, Ga.-based VSoft Corp., which provides process improvement solutions for financial institutions, announced that 2011 marks more than 10 years of providing technology to improve credit union processes. The Atlanta, Ga.-based VSoft Corp. made the announcement during the Credit Union National Association's Governmental Affairs Conference this week. VSoft's image-based solutions include distributed deposit and payment capture across all points of presentment, back office check processing, image exchange, document management and remittance operations. Its solutions are designed for seamless and rapid integration by credit unions of any size to help credit union efficiency throughout branch networks, remote deposit channels and central operations. It serves more than 1,500 credit unions and their members nationwide.

Fiserv acquires CUSO plus mobile prepaid services

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BROOKFIELD, Wis. (3/3/11)--Financial services technology solutions provider Fiserv Inc., based in Brookfield, Wis., has made three acquisitions of interest to its credit union clients. It has acquired:
* Credit Union On-Line Inc. (CUOL), a credit union service organization (CUSO) that runs an outsourced version of the XP2 account processing solution from Fiserv. Fiserv acquired the CUSO from CEO Connie Boretti and two credit unions, RTN FCU, Waltham, Mass., and Medical Area FCU, Brookline, Mass. The acquisition will provide Fiserv clients with a choice of either in-house or outsourced delivery of XP2. Credit unions already on the outsourced program will see direct support and improved access to new developments. * Mobile Commerce Ltd. (M-Com), an international mobile banking and payments provider based in Atlanta, Ga., and a partner with Fiserv since 2008. They worked together to develop and deliver Mobil Money from Fiserv. The acquisition will enhance Fiserv's existing mobile channel capabilities. M-Com CEO Adam Clark and all M-Com employees will join Fiserv as part of the transaction. The combination will accelerate the development of solutions for their clients. * Prepaid card processing and other technologies developed by Maverick Network Solutions, a Delaware-based provider of advanced prepaid and reward and incentive card programs. The acquisition will help Fiserv launch a new set of prepaid solutions that will include prepaid processing, turn-key program management, and support of general purpose reloadable and payroll cards for large financial institutions and corporations. The reloadable, brandable cards will be added to payment networks such as CheckFree, RXP, ACCEL/Exchange, ZashPay and CheckFreePay.

Harland Clarke to market Intersections ID theft protection

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SAN ANTONIO and CHANTILLY, Va. (3/3/11)--Two CUNA Strategic Services (CSS) alliance partners--Harland Clarke and Intersections Inc.--have entered a formal alliance to offer Intersections' identity protection services to Harland Clarke's nearly 11,000 credit union and bank clients. Financial institutions will have the option of providing the services two ways:
* Including Intersections' identity protection services in a checking or banking account plan from the financial institution; or * Inviting accountholders to subscribe directly to Intersections' ITAC Sentinel service, which provides expanded monitoring of credit and personal information and assists accountholders in the recovery of their identities if they become identity theft victims.
Both delivery options provide identity protection and resolution services from ITAC, the Identity Theft Assistance Center. Harland Clarke is a provider of integrated payment solutions and marketing services to the financial services industry and has expanded its security solutions. CSS will promote the offering from Harland Clarke and Intersections to its members. "Harland Clarke is highly regarded as a trusted resource by America's credit unions, 90% of whom are Credit Union National Association members," said Wes Millar, CSS senior vice president. "By generating greater awareness of Intersections' identity protection services, credit unions will be provided an important tool in helping protect their members' identities."