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CU Directs Vero introduces ID theft solutions

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ONTARIO, Calif. (3/22/12)--Vero, a subsidiary of CU Direct Corp. and provider of identity recovery and vehicle aftermarket products and services for the credit union and automotive marketplaces, has announced new identify theft solutions for credit unions and their members.

Vero's new suite of solutions--unveiled this week during the Credit Union National Association  Governmental Affairs Conference (GAC) in Washington D.C.--includes three products designed to provide credit unions, their employees and members with protection from identity theft and fraud. The new resources enhance service offerings, improve member retention, and solve risk mitigation issues specific to Red Flag requirements, the company said.

The company's ID Recovery Pros solution protects members and their families from all forms of identity theft and fraud.

The suite's new IDProSelect solution provides credit unions with protection from data breaches and fraud, while addressing risk management needs and providing recovery services from all forms of identity theft for members and employees.

Vero's VBiz product provides business-to-business protection to help credit unions protect their small-business accounts against all types of data breach and fraud events.

New Akcelerant company focuses on BPM analytics

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MALVERN, Pa. (3/22/12)--The formation of a new company--Akcelerant Advisors LLC--was announced Monday by Jay Mossman, president/CEO of Akcelerant Holdings LLC.

Akcelerant Advisors will have three practice areas:

  1. R2--Will focus on revenue enhancement and risk mitigation strategies; 
  2. Framework BPM--Will assist Akcelerant Software customers in achieving the highest return on their software investment with best practices for business process management; and
  3. Analytics--Will provide a complete analytics product.


"For quite some time our customers have been requesting us to provide additional services to assist them with business process re-engineering and analytics," Mossman said. "The creation of Akcelerant Advisors will allow us to fulfill these types of requests for both existing Akcelerant Software customers, as well as other industry financial institutions."

Also, Jim Simon, senior vice president of SunCoast Schools FCU, Tampa, Fla., will join Akcelerant Advisors as president April 1.

Akcelerant Holdings in Malvern, Pa., is the holding company to Akcelerant Software, which provides connected software applications to the financial services industry through product lines and integration to service providers.

Bluepoint Catalyst team on teller capture mobile deposit

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WASHINGTON (3/22/12)--Catalyst Corporate FCU and Bluepoint Solutions have expanded their partnership to offer Bluepoint's teller capture and mobile deposit application to Catalyst Corporate's member credit unions. The partnership will give members access to Bluepoint's entire suite of Check 21 applications.

Since 2006, the two organizations have provided credit unions solutions for branch capture, remote deposit capture and electronic cashletter processing. With the expanded partnership, Catalyst will resell teller and mobile capture, in addition to branch, merchant, ATM and home capture channels. Bluepoint's ImagePoint Teller is available for purchase directly from Catalyst.  QwikDeposit ToGo is available integrated with Catalyst's current mobile banking application provided by Malauzai Software.

Bluepoint Solutions, based in Vista, Calif., provides remote deposit capture, item processing and enterprise content management solutions to credit unions, corporate credit unions and credit union service organizations nationwide.

Catalyst Corporate, based in Plano, Texas, provides item processing, electronic funds transfers and investment services for more than 1,000 credit unions nationwide.

Corporate America partners with Sallie Mae

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IRONDALE, Ala. (3/22/12)--Corporate America CU has partnered with Sallie Mae to offer a private student loan program to its member credit unions. 

The Smart Option Student Loan, which is designed to supplement federal student loans and other financial aid, assists families in covering the rising cost of college tuition and offers degree-seeking students low interest rates and in-school payment choices to help them graduate with less debt, said the Irondale, Ala. corporate.

The loan rewards responsible borrowers with benefits such as an on-time payment reward and interest-rate discounts for automatic payments. Borrowers can choose from three in-school monthly repayment options. Depending on the option chosen, a typical freshman can save an estimated 17% to 49% in interest charges and pay off the loan three to eight years faster after graduation than a conventional 15-year payment-deferred loan.