Other Breaking News
In today’s CardFlash News Que: ARROWEYE (EMV); CSI (exec); CUBIC (exec); and AMEX (Best Buy).
SafeCharge
CardWeb.com’s CardData database of Company Profiles today features SafeCharge.
Fiserv Lending
Fiserv made available its “LoanLaunch” enterprise loan originations on a single platform. Giving lenders a holistic view of borrowers across all channels and products, “LoanLaunch” gives greater transparency across departments, customers and business processes. As the new name suggests, the solution allows lenders to respond to continually changing business needs and easily “launch” new opportunities within the organization to address increasingly diverse borrower segmentation. The latest solution empowers the lender through its optimized control over virtually all retail and business origination operations.
Fiserv LoanLaunch
Fiserv made available its “LoanLaunch” enterprise loan originations on a single platform. Giving lenders a holistic view of borrowers across all channels and products, “LoanLaunch” gives greater transparency across departments, customers and business processes. As the new name suggests, the solution allows lenders to respond to continually changing business needs and easily “launch” new opportunities within the organization to address increasingly diverse borrower segmentation. The latest solution empowers the lender through its optimized control over virtually all retail and business origination operations.
Chase Paymentech Lauches Mobile Dashboard
Chase Paymentech today announced the launch of its Mobile Dashboard, an interactive reporting display that provides merchants using an Apple® iPad with a snapshot of their payment account activity no matter where they are. Merchants can stay connected and current with their business by viewing historical transactions, settlement and funding overviews, chargebacks and fees on a colorful, intuitive and interactive reporting tool as part of their Chase merchant account.
UnionPay and CCB Super ATM
UnionPay International and China Construction Bank (CCB) jointly announce the commissioning of the first overseas ATM of CCB in Melbourne and the co-building of UnionPay “Super ATM”, which represents new measures taken by UnionPay International to assist Chinese-funded banks to expand their foreign business, and improve UnionPay card overseas service through UnionPay International’s global network.
Fiserv Announces Latest LoanServ Client
Fiserv announced that Cole Taylor Mortgage, a division of Chicago-based Cole Taylor Bank, has deployed its LoanServ platform to support its expanding loan servicing portfolio and further develop its full-service mortgage banking capabilities. Cole Taylor Mortgage is also rolling out LoanLink™, a consumer-facing self-service website for its borrowers provided by Fiserv. LoanServ automates all loan servicing processes, including integrated default management and collections, cashiering, escrow, and investor accounting for both closed-end and revolving loans. With the LoanServ solution, data transactions are available online in real-time to ease compliance risk and eliminate the limitations associated with an end-of-day batch processing cycle.
Fiserv Announces Latest Implementation
Fiserv announced First National Bank of Long Island (FNBLI)- a client since 1987- implemented its Common Origination Platform to meet its consumer, business and mortgage lending needs. Common Origination Platform from Fiserv is a single-platform solution that gives lenders a holistic view of their borrowers across all lending channels and products, aggregating data in one place regardless of the point of origination or loan type. FNBLI selected an ASP delivery model for Common Origination Platform. FNBLI also relies Fiserv Common Origination Platform and Signature with such solutions as CheckFree RXP, CheckFree Small Business, ConvergeIT, Risk OfficeSM, UChoose Rewards, Debit Processing, PEP+ and the Accel payments network.
Mortgage Group select Fiserv LoanServ Service
Fiserv announced that Gateway Mortgage Group, LLC has selected its LoanServ platform for the company’s mortgage servicing technology needs. Gateway will use LoanServ to enhance its customer experience and grow its home loan servicing portfolio through its retail and correspondent channels nationwide. Using LoanServ, Gateway will be able to perform the full range of mortgage servicing functions including escrow, payment processing, investor reporting and default management. Gateway executives anticipate that the selection of the Fiserv solution will help them increase employee productivity, improve operational efficiency, react more effectively to changes in modification programs such as HAMP and HARP, and streamline the default process with workflow automation that reduces errors and frees up resources for use elsewhere within the company.
Fiserv Partners ChannelNet on Enhanced Self-Service Lender Channels
Fiserv financial services technology solutions partnered ChannelNet multichannel marketing solutions to create an improved “LoanLink” consumer-facing online channel. With this, users can quickly roll-out robust self-service websites for their borrowers, implementing “LoanServ” from Fiserv- a real-time servicing solution that streamlines processes for all retail loans. The “LoanLink” solution is built on ChannelNet’s patented and scalable SiteBuilder software, and provides lenders with the ability to rapidly launch customized websites. Each SiteBuilder website comes with powerful administration features, personalization capabilities and content management tools for the financial institution. It provides additional self-service features and intuitive account management tools, such as the ability to make payments online, receive loan payoff information, view transaction history and update personal and financial information related to their loans.
Common Origination Platform and Fiserv Integrate Data-Sharing
Fiserv financial services technology announced its Common Origination Platform and LoanServ solutions have been integrated to provide real-time, full-circle loan boarding processes for all mortgage, lines of credit and installment loans. The integration improves efficiency for all users by sharing data points and eliminating potential errors caused by manual data entry. With an increasing number of financial institutions supporting both production and servicing operations, the integration of the Fiserv solutions provides a consolidated view of each customer as well as a single view of risk for their loan portfolios. The integration eliminates duplication within processes and the business management of the systems. With the LoanServ solution, data transactions are available online, in real-time so lenders don’t have to contend with the limitations associated with an end-of-day batch processing cycle.
Fiserv Posts Record Automotive Loan Origination Transaction Volume
Fiserv financial services technology solutions announced 2012 was a record-setting year for its Automotive Loan Origination System (LOS). With more than 10.8 million loan applications and 3.7 million contracts processed through the company’s auto lending platform, there was a 31 and 33% increase for applications and contracts, respectively. This is thanks in large part to the return to health of the automotive industry through renewed consumer demand following the past year’s uptick in the economy. The industry has witnessed the emergence of both established and new lenders vying to meet the needs of growing segments.