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Corporate One to offer PSCU Financials card platforms

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ST. PETERSBURG, Fla. (6/15/09)--PSCU Financial Services announced a long-term strategic partnership with Corporate One FCU of Columbus, Ohio. Under the agreement, Corporate One will offer PSCU Financial Services’ credit and debit/ATM processing platforms to its 800 member credit unions, and smaller and mid-size credit unions nationwide. “This new relationship will allow us to offer the same exceptional solutions to credit unions that, in the past, were unable to obtain these programs because of lower volumes or cost considerations,” said Robert Coyan, Corporate One senior vice president of marketing and operations. PSCU is a credit union service organization that serves more than 1,300 financial institutions nationwide.

FirstCorps check processing goes fully electronic

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PHOENIX (6/15/09)--FirstCorp announced that its check processing program is 100% electronic, as of June 4. Prior to June 4, return items were printed by the Federal Reserve Bank, flown and couriered to FirstCorp, and then sorted and couriered to each credit union. With the electronic process, credit unions receive return items in a secure file from FirstCorp the same day they are returned by the Federal Reserve Bank. The electronic process is saving thousands of dollars on transportation costs, FirstCorp said. Electronic processing of incoming returns from the Federal Reserve Bank was the final step in FirstCorp’s initiative to create a completely electronic check processing program. The first step was taken in December when FirstCorp converted to image capture and exchange for check collection participants through implementing branch capture, teller capture, ATM capture and remote deposit capture. FirstCorp is based in Phoenix.

FSCC announces client excellence awards

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SAN DIMAS, Calif. (6/15/09)--Financial Service Centers Cooperative Inc. (FSCC) honored several credit unions at its Seventh Annual Globe Awards presented during FSCC's 18th Annual Shareholders' meeting June 10 in Las Vegas. "2008 was an especially challenging year for many credit unions, but with commitment, determination and cooperation, credit unions continue to put members first and FSCC is proud to mark their achievements," said FSCC President/CEO Sarah Canepa Bang. Exceptional Performance Awards honored credit unions for branch system availability and host system performance for processing transactions on the FSCC network's switch. Recipients are:
* Patelco CU, San Francisco, receiving two awards--one for online availability of 100% processing for 1.9 million transactions at 45 branches, the other for being the largest acquirer on the network; * Chevron FCU, Oakland, Calif., for the highest online approval; * Water and Power Community CU, Los Angeles, for online availability for processing issuer transactions; and * TruWest CU, Scottsdale, Ariz., for its low denial rate--recorded at 0.05%--in processing issuer transactions on the network.
Outstanding Performance Awards recipients were:
* Digital FCU, Marlborough, Mass., Largest Issuer Award for processing more than 860,000 transactions; * Northrop Grumman CU, Lancaster, Calif., branch, Largest Single Outlet Award, with 160,000 transactions; and * Service CU, Portsmouth, N.H., Largest Acquirer on U.S. Military Bases Award, with 16 locations.
Also, an Outstanding Service Award went to FSCC's call center, Total Member Care, operated by PSCU Financial Services. It performed three million shared-branching transactions in 2008.