Harland Financial Solutions has expanded through its acquisition of TN-based uMonitor. With this, Harland Financial Solutions will immediately begin integrating uMonitorâs solutions into its existing lending, Internet and mobile banking offerings. Terms of the acquisition were not disclosed.
uMonitor financial solution services provider for operational excellence with customer acquisition and retention has released its P2P money transfer service is now fully deployed among all of its existing financial institution clients with uTransfer Release 5.0. All new clients who deploy uTransfer – the companyâs widely recognized account-to-account funds transfer services platform – now can offer P2P service to customers and members to use via email or mobile phone. uMonitorâs P2P service enables customers to send and receive money electronically via email and mobile phone to and from any third party with a U.S. bank or credit union account.
uMonitor has partnered to provide a full integration of its account opening and money transfer services for the Beacon Internet Banking Platform, offering Beaconâs financial institution customers online financial solutions. The Beacon Internet Banking Platform enables banks and credit unions to develop a business-critical Internet banking presence using a single platform that is managed in-house or hosted in its data center, ensuring total security of information and protection of customer relationships. By integrating with uMonitor services, financial institutions can automate the setup of new accounts while also improving application completion rates, regulatory compliance, back office efficiencies and customer satisfaction.
Financial solution provider uMonitor has been adopted by Vermont State
Employees Credit Union (VSECU. The $472 million credit union will leverage uMonitorâs uOpen& uFundÂ®,
an account opening and funding solution with an
integrated switch kit, is implemented to automate the setup of new
accounts while also improving application completion rates, regulatory
compliance, back office efficiencies and customer satisfaction.
uTransferÂ®, a money transfer platform, will enable members to easily
move money in a highly secure online environment; this added convenience
creates new ways to engage members and generate ongoing transaction
revenue. These solutions integrate seamlessly with Open Solutionsâ
comprehensive Internet banking and cash management solution, e-Commerce
Banker(TM) (e-CB) and core data processing platform, DNAâ¢. The
full-range of Web banking solutions will help VSECU to better compete
with financial institutions of all sizes while improving service and
convenience for its existing members.
uMonitor financial solution services has introduced its P2P money transfer services, a standard feature of “uTransfer Release 5.0,” which is currently being deployed. uTransfer, a funds transfer services platform that allows users to move money online in a highly secure environment, is deployed by banks and credit unions ranging from 50 million-dollar community organizations to $30 billion regional banks. The account-to-account money transfer service has been in use since 2003. Its new P2P service enables customers to send and receive money electronically via email and mobile phone to and from any third party with a U.S. bank account. The uTransfer 5.0 Release will also expand the back-office reporting, analytics, support, risk management and operational capabilities of this proven platform.
Financial technology provider uMonitor announced that the CA-based Star
One Credit Union has chosen to renew and expand its “uOpen” & “uFund”
with switch kit services. The service enables new members to set-up
deposit accounts, fund them and sign up for additional offers such as
online banking and ATM cards. Members are also presented with
preapproved offers, including credit cards and auto loans, using the
credit unionâs decisioning logic.The new service will offer an enhanced
user experience with an upgrade to the look and feel of the application,
as well as real-time certified integration with Star Oneâs core system
platform from XP Systems, a business unit of Fiserv, Inc. In addition
the credit union will deploy the “uTransfer” account-to-account funds
transfer solution to strengthen its online
offerings for the members, allowing members to move money from anywhere,
at any time. Star One is the largest credit
union based in Silicon Valley and its services reach more than 80,000
members worldwide with $4.3 billion in assets.
uMonitor has entered into a sales referral agreement with NCR to offer uMonitor’s online banking applications. These uMonitor applications include “uOpen & uFund”, an online account opening, funding solution and “uSwitch” online switch kit. With the uMonitor uOpen & uFund application, the financial institution can open Health Savings Accounts online, open loan accounts integrated with loan origination systems such as APPRO or Open Solutions’ IA Systems, and automate the account opening for commercial accounts, such as Business Checking or Business Savings. The uOpen & uFund application helps financial institutions adhere to Section 326 of the USA PATRIOT Act, with its Customer Identification Program. Using uOpen & uFund, banks can easily perform online customer ID verification, ID authentication and OFAC checks; generate credit score and credit reports; develop risk matrixes; and implement cross-sell/up-sell processes. uMonitor financial technologies offers a wide range of online solutions specifically designed to help financial institutions provide the most up-to-date services.
ACI Worldwide and TN-based Parsam have announced a partnership that will combine ACI’s leading online banking products, ACI “Enterprise Banker” and ACI “Enterprise Enrollments”, with uMonitor’s “uOpen & uFund”, the online account opening and funding solution, and “uTransfer”, the account-to-account money transfer solution. The solutions will integrate account opening services with ACI’s enrollment services, to enhance the online and branch channels, enabling financial institutions to begin selling more aggressively online and make the process for applying for a new account much easier. This partnership will allow financial institutions to more effectively leverage the online channel, not only for customer self-service, but also for online product sales. ACI is an international provider of solutions for banking, retail and cross-industry systems.