Member Driven Technologies (MDT), a Michigan-based credit union-owned service organization (CUSO), and Bluepoint Solutions, a leading provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced a partnership that enhances MDT’s online banking and mobile banking offerings. QwikDeposit will be offered through both MDT’s online and mobile banking offerings, allowing credit union members to make check deposits from home using any TWAIN scanner or from their smartphone using the device’s camera. Members simply key in the deposit amount and then either scan or take photos of the front and back of each check deposited.
ANXeBusiness managed security, compliance and connectivity solutions has been granted approved scanning vendor (ASV) status by PCI-SSC. This authorizes ANX to assist customers in meeting the PCI DSS requirement for periodic PCI Security Scans. Merchants and service providers that store, process or transmit credit card information are required to have periodic PCI Security Scans if they handle payment card data over IP networks. Even if an entity does not offer e-commerce, such functions as email and employee Internet access create opportunities for hackers seeking cardholder data to compromise the network. PCI Security Scans identify network vulnerabilities and are meant to be used in conjunction with an overall compliance program.
ANXeBusiness security, compliance and connectivity solutions enhanced its PCI Compliance & Security solution for small businesses with “Secure Cloud Gateway.” The Secure Cloud Gateway includes proprietary technology with features that focus on ensuring merchant PCI DSS compliance. While the ANX PCI Compliance & Security solution affords merchants and small businesses all of the cost benefits of cloud-based technology by delivering a suite of cloud-based UTM services that eliminate threats from viruses, worms, Trojan horses, spyware and other malware launched from malicious web sites and email. It provides network routing to direct incoming traffic through the ANX network for scrubbing, as protection against external threats before they enter the customer network; Wi-Fi for secure and reliable high-performance wireless access; Network security, with monitoring for the most severe threats including worms, viruses, buffer overflows and denial-of-service attacks; and Web security, including antivirus, web filtering, reporting and inspection of outgoing traffic.
Central Corporate Credit Union (CenCorp) has implements the Viewpointe “Pointe2Pointe” with Internet connectivity. The organization selected the Viewpointe “Pointe2Pointe” solution as a quick, cost-effective means for conducting check image exchange. The “Pointe2Pointe” with Internet connectivity service provides organizations with a secure, efficient means of exchanging electronic check images with Viewpointe’s other exchange customers. The service helps financial institutions move toward eliminating the financial and logistical burdens associated with processing paper-based checks.
WCS Lending, a nationally-licensed mortgage bank, is now the preferred lender for all Fontainebleau employees through their participation in the PerksCard Network. With emphasis on client service, innovative products, competitive pricing and proprietary technology WCS Lending is positioned as a leader in the mortgage industry. WCS Lending offers a complete line of loan products, including but not limited to: purchase or refinance; conforming, jumbo and super jumbo loans; FHA/VA/USDA loans; fixed/adjustable rate mortgages and reverse mortgages. PerksCard is an employee sponsored savings program in which merchants are able to offer discounts to employers, organizations and associations on a national level.
CO-OP Financial Services and GA-based Credit Union Service Corporation (CUSC) have completed an agreement to to create an organization that represents 80% of the country’s shared branching participants. Under terms of the business combination, CO-OP has purchased a 51 percent interest in CUSC, which continues to manage and market its branch outlets across the U.S. Additionally, CO-OP retains 100 percent ownership of its shared branching operation which will also be managed by CUSC. The new shared branching entity’s 1,100 participant credit unions will be able to facilitate deposits, withdrawals, loan payments and other transactions within the expanded nationwide shared branch network that now includes 1,656 branches spread across 40 states, representing two-thirds of shared branching locations worldwide.
Walter Rothschild, former EVP of Marketing at TransUnion and former executive at MasterCard, has joined R. L. Polk & Co. as VP of Global Marketing & Product Strategy. Rothschild served as executive vice president of Marketing at TransUnion LLC for five years. In this role, he was responsible for building TransUnion’s first marketing organization, developing a global brand strategy to reposition the company, restructuring the product architecture and identifying consumers as a market. Rothschild also spent 12 years at MasterCard International Inc. serving as vice president of global debit brands, vice president of global products and brands, and vice president of marketing, U.S. region acceptance. R. L. Polk & Co. is the premier provider of automotive information and marketing solutions.
Ontario, CA-based CO-OP Network reports a record 1.1 billion EFT transactions in 2005. The year’s most significant jump in CO-OP Network’s 2005 transaction totals was the 20% increase for signature debit and PIN POS. Several other factors contributed to CO-OP Network’s 2005 record transaction growth, including the addition of more than 5,000 ATMs and 4 million cardholders. Since it was established in 1981, membership has grown from 197 credit unions into the largest financial institution-owned network in the U.S. with 1,835 members today. At the end of the year, the Network included 20,000 surcharge-free ATMs nationwide and 24 million credit union cardholders.
Indiana-based Purdue Employees FCU has signed an agreement to use the CO-OP Network for all of its switching needs. With more than $420 million in assets, Purdue Employees FCU is Indiana’s 10th largest credit union. Founded by a small group of Purdue University employees in 1969, Purdue Federal now serves students, employees and alumni of the university in addition to several business partners in and around Lafayette. CO-OP Network members have access to over 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.
First Premier Bank and Diamond Financial Products have teamed to launch the “Farrah Gray Prepaid MasterCard.” The card enables cardholders to prepay or store money as a balance that can be accessed for purchases, bill payments, or ATM cash withdrawals. The cards can be used wherever MasterCard debit cards are accepted, including ATMs; with acceptance at millions of merchant locations worldwide. Cardholders can re-load the cards multiple times at various locations and by different payment types. The cards are prepaid so there are no credit checks, no interest payments and no monthly fee. Diamond Financial Products provides stored value products.
The CO-OP Network has hired Leah Work, formerly with GenPass as National Relationship Manager. Work joins CO-OP Network after spending four years at GenPass, where she managed marketing implementation projects and developed strategic business plans and procedures to establish an ISO client relations department. During her time at GenPass, Work also managed technical sales for financial institutions and ISO client nationally. CO-OP Network is wholly-owned by its credit union shareholders and provides volume discounts on products and services that include risk management as well as debit and deposit access.
CO-OP Network and 7-Eleven have signed an agreement to provide ATM access for Network members in 7-Eleven stores across the USA. Approximately 5,300 7-Eleven stores in 30 states will offer surcharge-free ATM access to 24 million credit union cardholders carrying the Network logo beginning December 1st. CO-OP Network has 1,848 member credit unions. Credit union members currently have surcharge-free access to 25,000 Network ATM terminals across 50 states and throughout Canada.