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Products and Services briefs (08/15/2008)

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* PORTLAND, Maine (8/18/08)--Steven Bailey, Quantrix consulting manager, will speak at the 2008 American Association of Credit Union Leagues (AACUL) Finance and Administration Conference Aug. 20-22 in Austin, Texas. Quantrix provides business modeling software to 50 countries including the U.S. Bailey has more than 10 years’ experience in accounting and finance. “This year’s conference will feature a discussion on technologies and best practices for developing high-quality budgets and forecasts,” said Jason Norton, AACUL director of league relations ... * GRAND RAPIDS, Mich. (8/18/08)--Xtend, a credit union service organization, and CU Insurance partnered to provide Term Source, a life insurance program, to CU Insurance’s 165 credit union partners. Term Source is an online application and quoting engine for term life insurance. Members can visit their credit union’s website and apply for life insurance. Carriers include MetLife, North American and West Coast Life ... * SECAUCUS, N. J. (8/18/08)--NYCE’s SUM selective ATM surcharging program has expanded into the Chicago metropolitan area. NYCE, a Metavante company, announced that 15 community banks signed onto the network. SUM, which is provided by the NYCE Payments Network, allows cardholders to make surcharge-free withdrawals at 2,900 ATMs nationwide ...

Fiserv launches new approach to capture remote deposits

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BROOKFIELD, Wis. (8/18/08)--Source Capture Optimization can help financial institutions dealing with disparate remote deposit capture solutions or changing check volume demands, Fiserv announced Thursday. Source Capture Optimization can “enhance functionality of all sources of deposit gathering. This includes branch, teller, ATM, merchant, regional and consumer capture solutions,” the company said in a release. The solution combines CheckFree--a web-based bill payment application--and existing Fiserv image capture solutions. “[Financial institutions] today are taking deposits from a multitude of sources,” said Christine Barry, Aite Group researcher. “Providing a universal platform would allow those sources to integrate seamlessly.” Fiserv provides information technology services to financial institutions, including credit unions.