Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

CUSN CO-OP Shared Branching to offer XPress Accounts

 Permanent link
LAKEWOOD, Colo. (3/6/08)--The Credit Union Service Network (CUSN) and CO-OP Shared Branching have partnered with EPL Inc. and MeridianLink to offer XPress Accounts to their subscriber credit unions. Powered by MeridianLink, XPress Accounts helps financial institutions enroll new applicants by automating the process. It offers an instant "apply now" functionality to the existing website so applicants can apply for membership online and fund the new accounts in the process. On the back-end, XPress Accounts consolidates the applicant's data from all existing information from Web, branch, call center, indirect and kiosk channels. This increases productivity, reduces fraud, and increases member satisfaction, said the companies.

Mobile banking offered by FSCC PSCU Financial Services

 Permanent link
SAN DIMAS, Calif., and ST. PETERSBURG, Fla. (3/6/08)--Credit unions may get a new mobile banking platform as early as May, according to Financial Service Centers Cooperative Inc. (FSCC) and PSCU Financial Services. The two credit union service organizations have formed a long-term alliance to further expand their business relationship, and will cross-sell each other's products. Their first collaborative offering is aimed at mobile banking. The new mobile banking platform would join PSCU Financial's mobile technology with FSCC's interface and delivery channel. Officials at both companies report that test transactions have been successful and are confident of a spring rollout. The service will provide users access to share, checking, bill pay, credit card, and prepaid account information anywhere and anytime via a mobile device/cell phone. Members also will be able to make funds transfers, pay bills and check their transaction history. The service is designed to easily integrate into credit unions' internal systems. Credit unions on the FSCC network can use their existing shared branch interface to offer the service. This eliminates costly implementation fees and/or host system programming.

CUSCNI elects officers

 Permanent link
WASHINGTON (3/6/08)--The board of Credit Union Service Centers Network Inc. (CUSCNI) elected officers and set direction at its 15th Annual Meeting Sunday in Washington, D.C. CUSCNI creates reciprocity between two shared-branching networks: CO-OP Shared Branching and Financial Services Centers Cooperative (FSCC). Its objective is to set policies and procedures for standardizing shared-branch transactions between the networks. New officers are:
* Chairman, Kris Mecham, CO-OP Shared Branching; * Vice chairman, Steve Dahlstrom, FSCC; and * Secretary-treasurer, Gary Wolter, CO-OP Financial Services.
Leaders from the two networks noted that a record 27 new credit unions joined the networks in the first two months of 2008. The networks now have more than 3,200 branches and about 2,000 kiosk access points. The board also adopted language to its policies that encourage all shared-branching networks to allow for opting-out of non-credit union-owned, third-party shared-branching devices.