Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

Products and Services briefs (04/16/2010)

 Permanent link
* FORT WORTH, Texas (4/19/10)--CU Members Mortgage is now a preferred provider for the Texas Credit Union League’s member service organization, Credit Union Resources Inc. The mortgage provider also is the preferred provider for the Alabama, Florida, Louisiana, Arkansas and Vermont credit union leagues. CU Members Mortgage provides training and marketing support for credit unions that offer their members mortgage services. With the addition of Credit Union Resources Inc., the mortgage company will have partnerships with 1,200 credit unions--nearly 13 million members, said the Texas league ... * FRANKLIN, Mass. (4/19/10)--Saylent Technologies announced Checking 2.0 accounts are available, with Overdraft Forgiveness Checking and All-In-One Checking. Overdraft Forgiveness allows consumers to overdraw their accounts one time per statement with no fees. As an incentive, consumers who do not overdraw their accounts can earn interest and cash rewards. All-In-One Checking seeks to balance service fees, free checking and rewards. The account charges consumers a serivce fee, but the fees can be waived. Saylent, a payment software provider, is based in Franklin, Mass. ...

MasterCard launches RandD lab for payments

 Permanent link
PURCHASE, N.Y. (4/19/10)--MasterCard Worldwide announced the launch of MasterCard Labs, a new global research and development arm dedicated to bringing innovative payment solutions to market. “As the world continues to migrate toward a cashless society, we will be focused on delivering what’s next, faster and more efficient than ever before,” said Ajay Banga, MasterCard president and chief operating officer. Garry Lyons was appointed group executive to oversee MasterCard Labs, effective April 30. He previously served as CEO for Orbiscom. Lyons will be responsible for building payment advancements and leveraging enhanced time-to-market capabilities to drive innovations. He also will assemble the labs’ research and development team, which will work with MasterCard’s Innovative Products team.