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Products Archive

Products

De LaRue launches cash-processing solution

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BASINGSTROKE, England (5/19/08)--De La Rue, a bulk cash handling solutions provider, announced it will launch the latest edition to its Enterprise Cash Management suite of software cash-processing products, ECM ISA Essence. The solution aims to save 75% of the time it takes to complete manual cash deposits and reconciliation by credit union staff. “Cash handling for credit unions is a very time-consuming process,” said Suresh Raina, De La Rue managing director for cash-processing solutions. “The margin for error is huge and the discrepancies have to be reconciled by the end of the day, which can add hours to the workload of the staff.” ECM ISA Essence’s goal is to improve accuracy, productivity, provide real-time information and mitigate risk, the company said in a release Thursday.

Strohl Systems to be acquired by SunGard

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WAYNE, Pa. (5/19/08)--Strohl Systems, a business continuity solutions provider for credit unions, will be acquired by SunGard. Strohl Systems will become a part of SunGard Availability Services. The transaction is not expected to have a material impact on SunGard’s financial results, the company said in a release Thursday. Strohl is a CUNA Strategic Service provider. “We are excited to work with Strohl Systems through this transition time as we jointly strive to improve products and services to credit unions,” said Wes Millar, senior vice president of CUNA Strategic Services. Strohl provides solutions such as LDRPS, continuity planning software; BIA Professional, a business impact and risk assessment tool; NotiFind, a notification solution; Incident Manager, a virtual emergency operations center tool; and PLANet, a disaster recovery tool. SunGard provides information availability solutions in North America and Europe.

Cogent Road product advises how to improve credit score

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SAN DIEGO (5/19/08)--Cogent Road, a provider of Internet-based applications for the mortgage industry, is testing an automated educational program that would help borrowers improve their credit scores so they could qualify for better rates and terms. The automated program, called AVAIL, is in beta status with select clients of Cogent Road’s Funding Suite and will be available to mortgage clients using the Funding Suite by third quarter at no additional cost. The consumer-focused program incorporates Funding Suite’s automated credit proofreading tools to identify and resolve potential data errors that may work against customers’ credit scores. It also provides customized, step-by-step credit usage suggestions for consumers that improve their overall credit health. Throughout the yearlong process, it modifies credit usage strategies based on the consumer’s previous actions. AVAIL detects when positive steps have been made and provides encouragement when needed. Consumers enroll in the AVAIL program through a professional mortgage originator who serves as a credit coaching advisor. The AVAIL program is branded with the originator’s logo, photo, name and contact information to further strengthen interaction with the mortgage originator. The advisor can view the consumer’s AVAIL account to provide guidance if questions arise. The mortgage originator is also automatically notified when a consumer achieves predefined credit scoring targets. “We wanted to give mortgage originators a tool that could teach their potential borrowers how to properly use credit in order to strengthen their credit profiles,” said William DiPaolo, managing partner for Cogent Road.