Midland CU Intro's Dwolla
URBANDALE, Iowa-The $35-million Midland Credit Union has rolled out online, mobile, social and location-based payments solution Dwolla. The credit union had earlier added Dwolla's integration product, FiSync, which allows an institution to connect the payment platform directly to its existing systems. The advantage for the FI's customers is an expedited Dwolla sign-up process, the company said.
The credit union said that after signing up for a Dwolla account - a process estimated to take less than a minute - members will be able to make payments to anyone with an email address, as well as their Facebook and Twitter friends. In addition, members will be able to download the Dwolla mobile application.
Separately, Des Moines, Iowa-based Dwolla, which is supported by The Members Group, has added text messaging and LinkedIn connections to its list of ways users can make every day financial transactions.
"A Dwolla user who wants to pay a friend or family member via text simply enters the recipient's mobile phone number at Dwolla.com or selects a cell phone contact in Dwolla's mobile iOS app," the company said. "This triggers a text message to the recipient. The recipient then follows the instructions in the text to accept the payment and initiate the transfer of funds into his or her Dwolla account."
For info: www.Dwolla.com.
SchoolsFirst Wins Pioneer Award
MALVERN, Penn. -Akcelerant, a provider of connected software technology, presented its 6th annual Pioneer Award to SchoolsFirst FCU. The Pioneer award is given out each year during Akcelerant's Customer Educational Conference to aninstitution who has continually contributed to the advancement of new technology with Akcelerant. In this case, SchoolsFirst was recognized for its advanced use of the Akcelerant Framework. Since implementing the system in 2009, SFFCU has developed numerous custom reports, installed several "connectors" in order to improve integration with other industry service provides, and offered significant feedback to Akcelerant that will positively impact future versions of the software, the company said.
For info: www.akcelerant.com.
T8 Introduces 'Grip' Solution
NEW YORK- T8 Webware, a provider of custom-branded mobile applications, websites and personalized payment card services, has launched "Grip." Grip, the company said, is a financial decision support tool that enables institutions to "brand and offer an app that provides the most sought after mobile services. It aggregates consumers' balance and transaction data from an unlimited number of domestic financial institutions into a single, up-to-the-minute collective view, empowering them to understand their money flow simply and without clutter." For info: www.t8software.com.
iPay, MasterCard Expand Relationship
MONETT, Mo.-Jack Henry & Associates and MasterCard Worldwide said they have entered into an expanded processing relationship between Jack Henry's iPay Technologies division and MasterCard's RPPS electronic bill payment network.
"With this agreement, iPay is making its biller connections available to bill payment originators who use MasterCard's RPPS electronic bill payment processing services," Jack Henry said. "As a result, these originators can eliminate a significant volume of checks that they currently mail to those billers and replace them with electronic payments.
For info: www.ipaytechnologies.com.
5 CUs Opt For VServe
ATLANTA, Sept. 21, 2011 - VSoft Corporation said that five credit unions have selected to transition their current VSoft check processing solutions to the VServe solution. The five credit unions are: LaPorte Community FCU, Indiana; Kane County Teachers CU, Illinois; Greater New Orleans CU, and Teachers FCU, New York. VServe is an outsourcing alternative that delivers VSoft's full suite of check and core processing software solutions. Each credit union will shift several processing solutions to VServe including branch item capture, image exchange for inclearing and cash letters, as well as research and archive applications.
Separately, VSoft reported that the $500-million Consumers CU, Lake County, Ill., has chosen its merchant remote deposit capture (RDC), home/office and mobile RDC and branch item capture solutions.
For info: www.vsoft.com.
Bluepoint Joins Symitar's VIP
VISTA, Calif.-Bluepoint Solutions said it has joined Symitar's Vendor Integration Program (VIP). VIP membership enables Bluepoint to integrate its ImagePoint product line with Symitar's online banking and core processing systems. "As a VIP member, Bluepoint has access to Symitar's implementation, programming, quality assurance and testing support, eliminating most compatibility or technical issues that may have once challenged credit unions wanting to use this service," the company said. For info: www.bluepointsolutions.com.
More Than 200 Attend Meeting
MALVERN, Penn. -Akcelerant said more than 220 people turned out for its Customer Education Conference. The three day event reviewed company performance and offered additional product education and training. For info: www.akcelerant.com.
NEFCU Selects Trusteer Rapport
MELVILLE, N.Y.-NEFCU has selected Trusteer Rapport, a leading provider of cybercrime prevention solutions, to protect its retail banking members against cybercrime and meet new FFIEC Guidelines for online banking security. The credit union reported that its financial management technology provider, Intuit Financial Services, recommended that NEFCU evaluate Trusteer to prevent financial malware fraud. NEFCU is offering Trusteer Rapport, the leading cybercrime prevention software for PCs and Macs, free to its members as an added security measure.
Synergent Rebates $750K To CUs
PORTLAND, Ore.--As a result of what it described as one of the most successful years in its history, Synergent, a service subsidiary of the Maine CU League, has returned $750,000 to the hundreds of credit unions that utilize Synergent's many products and services. The rebate amount each credit union received was based on the total volume of business each credit union did with Synergent from August 1, 2010 - July 31, 2011.
For info: www.synergentcorp.com.
Dow Louisiana Selects IMM
LINDEN, N.J.- Integrated Media Management, a provider of document output management and automation solutions, said that that Dow Louisiana FCU is now automating the transport of insurance documents via the integration between IMM's TotaleAtlas solution and CUNA Mutual Group. DLFCU previously installed IMM's TotaleAtlas, a document preparation engine that merges XML data and PDF documents to deliver a 128-bit encrypted PDF with the digitized signature embedded. "The implementation of this secure Web service with CUNA Mutual has enabled the credit union to remove the physical transport of paper documents when members elect insurance protection," the company said.
For info: www.immonline.com.
Two Credit Unions Move To FLEX
SANDY, Utah-- FLEX said two more credit unions have chosen its solutions: Tri-Cities Community Credit Union of Kennewick, Wash., and Local Union 354 IBEW FCU of Salt Lake City. "FLEX, known for its uniquely designed embedded virtual server technology engineered in JAVA, has proved to reduce system complexity and IT resources to less than half of today's industry standards," the company said. "This advantage offers a unified solution to all sized credit unions and is applicable to both on-line and in-house technologies."
For info: www.cmcflex.com
ABS To Provide Ironkey To Clients
OLATHE, Kan.--Advanced Bank Solutions said it is joining with Sunnyvale, Calif.-based IronKey to provide its institutional clients with IronKey's Trusted Access Platform, an online solution that delivers multiple layers of security integrated to effectively reduce the risk of online banking fraud. "This enables institutions to meet new Federal Financial Institutions Examination Council (FFIEC) guidance for preventing online banking fraud by the January 2012 deadline," the company said. The Trusted Access Platform helps stop criminal attacks from malicious software such as ZeuS, SpyEye, Sunspot and OddJob, as well as new threats that continue to evolve. For info: www.advancedbanksolutions.com and www.ironkey.com.
GMC Software Highlighted In Report
CHARLESTOWN, Mass.--GMC Software Technology, a provider of consumer communications and output management solutions, has been cited ina new report from Forrester Research titled "The Forrester Wave: Document Output For Customer Communications Management, Q3 2011." The report cited GMC for "strong overall product flexibility and strength for creative apps." The full report can be found on the GMC website at www.gmc.net www.gmc.net.
Great Meadow Selects Symitar
GRANVILLE, N.Y. - The $16-million Great Meadow FCU has implemented Jack Henry & Associates' Symitar Cruise outsourced core processing system.
"The functionality is great. We can do as much or as little as we want with this system. We can dive in if there's a technical area where we want to get involved," said the CU's COO, Ryan Roberts. For info: www.symitar.com.
Harland Recogized as 'XCelent'
LAKE MARY, Fla.-- Harland Financial Solutions' PhoenixEFE enterprise solution has received an XCelent Technology Award from Celent in a recent research report about Core Banking Solutions for Large Credit Unions. The solution received the award for its leading performance in the area of Advanced Technology.
The study examined 12 providers in the financial services sector using the Celent ABCD Vendor View to show the relative position of vendors in the following categories: Advanced Technology, Breadth of Functionality, Customer Base, and Depth of Client Services.
The report cites current trends among credit unions, including the need for multi-channel technologies that help attract members and secure member loyalty, as well as increased integration that provides a single view of the member. "These are both areas of strength for PhoenixEFE which brings together Harland Financial Solutions' real-time core processing solution with the company's market-leading specialized applications. Its capabilities span the functions of the financial institution's entire enterprise," the company said.
For info: www.harlandfinancialsolutions.com.
Pacific Marine Adds DocuSign
CAMP PENDLETON, Calif.-Pacific Marine CU has implemented DocuSign's integrated solution with MeridianLink for electronic account openings and loan applications.
DocuSign said its integration with MeridianLink's multi-channel account opening and loan origination platform, Xpress Accounts and Loans PQ, helps solve the paper problem experienced by credit unions and financial institutions around the globe.
Pacific Marine plans to integrate DocuSign throughout its organization, extending the business results achieved in account openings and loan processing to internal documents and other operational forms.
