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Banno introduces responsive website features

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CEDAR FALLS, Iowa (8/2/12)--Banno, a provider of mobile applications, websites and personalized payment card services, announced that the websites it develops are driven by a new responsive design format that adjusts for online, mobile and tablet users.

Responsive design offers a single URL address that automatically responds to any type of device or browser and its screen size to better prepare financial institutions for mobile-focused services and multichannel banking. Combing access also eases the burden of compliance, archiving and site updates, Banno said.

Daleville, Ala.-based Army Aviation Center FCU, with $1 billion assets, is one of the first client websites to go live. In its first month, the credit union received more than 250,000 visits to its site. Nearly 10% were from mobile devices. Apple iPad was the most frequently used device, with 7,739 visits, followed by the iPhone with 4,723 visits. Mobile visitors spent an average of two minutes browsing, in which they had access to the full website and its full range of capabilities.

"It is clear that mobile device usage is increasing and will continue to increase exponentially," said Lisa Hills, Army Aviation Center FCU vice president of marketing.

Credit Plus launches Equifaxs undisclosed-debt monitor

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SALISBURY, Md. (8/2/12)--Credit Plus Inc., a credit information provider, is offering a new mortgage fraud prevention tool called Undisclosed Debt Monitoring powered by Equifax.

Developed to help lenders meet Fannie Mae's Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage, the tool offers users continuous monitoring and daily proactive alerts on potential risks, said Credit Plus.

One of the major benefits of the mortgage fraud prevention tool is pipeline protection, the company said. Loan officers are notified when mortgage inquiries occur on their borrowers' accounts, alerting them to rate shopping, undisclosed mortgage loans and possible fraud. The feature enables lenders to proactively work with borrowers throughout the mortgage process and reduce loan fallout.

Credit Plus customers can continuously monitor borrower credit activity during the "quiet period" between the time of the original credit file pull and the closing of the loan by using Undisclosed Debt Monitoring.