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CUAnswers announces rate analysis software updates

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GRAND RAPIDS, Mich. (3/27/12)--CU*Answers, a Grand Rapids, Mich.-based credit union service organization (CUSO), has introduced core software that provides CU*Answers data processing clients with the ability to share product rates with one another.

With the software series, called "Learn from a Peer," credit unions can click a button and compare products side-by-side with multiple CU*Answers clients.

The rate trending tools are part of the core functionality of CU*Answers flagship data processing software, CU*BASE. The new trending and analysis tools are part of a free software upgrade that CU*Answers has released to its clients.

CU*Answers also announced two additional developments:

  • A rollout of new core functionality to its data processing functionality. The 11.6 software release includes new workflow and member-service updates that give a global member relationship summary across several accounts.
  • A redesign of its loan application screens. The redesign allows credit unions to pull a specific trade line on a credit bureau report with a pop-up window on a core application.

SunCorp. ProfitStars to power its ACH services

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WESTMINSTER, Colo. (3/27/12)--SunCorp has reached an agreement with ProfitStars to power the corporate credit union's automated clearinghouse solutions.

This will replace the U.S. Central Bridge ACH System, APEX, and offer increased user and risk management reporting, more duplicate file-detection features, and integrated Office of Foreign Assets Control screening for international ACH entries, SunCorp said.

SunCorp's new service, named mACH (Members ACH), provides an upgrade in functionality and reporting for its members' ACH services.

"After extensive research and due diligence, we found ProfitStars' ACH solutions to be a great fit for our member credit unions," said Brandt Peterson, SunCorp executive vice president and chief financial officer. "This solution improves on the features of APEX with even more functionality and benefits."

In addition to its enhanced features, mACH includes many of the familiar processes of APEX, including the processing of receipt, return, and origination files through a Web-based solution.

mACH will be accessed through the SunCorp Application Portal, SunCorp's secure and single-sign-on access point. Online help features and multiple training will be provided to help transition current APEX users.

ProfitStars, a division of Jack Henry & Associates Inc., provides services to more than 1,000 credit unions using its ACH services.

Kasasa 360 banking products launched

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NASHVILLE, Tenn. (3/27/12)--BancVue has launched Kasasa 360, the latest version of the firm's online personal finance platform.

Kasasa 360 allows consumers to securely aggregate and manage all of their financial products, including those they hold at other financial institutions. 

BancVue introduced Kasasa in 2009 as way for community financial institutions to join forces under a national brand to compete with big banks. To date, a total of 130 credit unions and banks across 38 states have joined the brand alliance to pool their advertising and marketing resources under the Kasasa brand and offer more competitive products to their members and customers.

Nearly 150 community financial institutions nationwide have signed on to offer Kasasa 360.