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TMG partners with MShift to expand mobile banking

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DES MOINES, Iowa (6/4/10)--TMG and MShift Inc. have partnered to expand their portfolio of products to include mobile banking and transaction alerting solutions. They are working with Visa Inc. “Customers now expect the ability to transact with their financial institution via their mobile phone to be a given,” said Scott Moeller, CEO of MShift. “Phones are no longer just for talking.” The MShift Mobile Banking platform provides mobile technology for Android, Blackberry, Nokia, iPhone and other mobile devices. Through this platform, cardholders can view data and transactions on the desktop through their phones. The platform can be integrated into a credit union’s existing Internet banking solution without changing its core processing system. With the TMG Mobile Transaction Alerts solution, Visa cardholders can receive transaction alerts in real-time so accountholders can take action if they believe a fraudulent transaction is taking place. Alerts are triggered based on accountholder preference. For example, alerts can be sent when a transaction is declined or has exceeded a specified amount. The alerts also help consumers better manage their money, TMG said. “Rather than waiting to see transactions either via Internet banking or a monthly statement, transaction alerts provide real-time spend tracking to the cardholder, which has become paramount in today’s economy,” said Jeff Falk, TMG director of product development. MShift provides mobile platform technology for the financial services industry. TMG is a wholly owned subsidiary of Affiliates Management Co., which is owned by Iowa credit unions and their members. It provides card processing and payment solutions to credit unions.

Harland launches service to streamline mergers

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LAKE MARY, Fla. (6/4/10)--Harland Financial Solutions has introduced UltraData Enterprise Merger Services to help credit unions streamline the data conversion process when merging with or acquiring another financial institution. The service is offered in three tiers--Manual, Guided and Premier. Manual is for small credit unions merging and provides management and guidance with data conversion. Guided offers increased hands-on involvement and project management, while Premier is suited for larger, more complex mergers where the bulk of the responsibility and workload of the data conversion process is removed from the institutions. Credit unions using the service include California Agribusiness CU, Buena Park, Calif., and Genisys CU, Auburn Hills, Mich. California Agribusiness has $32 million in assets and Genisys has $1.3 billion. Genisys said it appreciated the solution because it had the opportunity to simulate the “go-live” day in a controlled environment, said Jackie Buchanan, president/CEO. Harland Financial Solutions, Lake Mary, Fla., supplies software and services to financial institutions including credit unions. It is a wholly owned subsidiary of Harland Clarke Holdings Corp.