Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Bluepoint offers free software licenses for corporate transitions
VISTA, Calif. (11/22/10)--In an effort to maintain the continuity of payment services to credit unions and their members, Bluepoint Solutions has announced the availability of a transition program for natural person credit unions that have branch capture software licenses purchased through Western Bridge Corporate CU and Southwest Corporate FCU. More than 1,000 credit unions are running Bluepoint’s branch capture solution through WesCorp and Southwest. The Vista, Calif.-based provider of remote deposit capture, item processing and enterprise content management solutions will honor existing licenses. It also is offering a complimentary upgrade to the most recent version of its ImagePoint Branch application when a credit union initiates a direct support contract with Bluepoint. “The goal of the program is to allow these credit unions to continue using our solution that they know and trust without having to retrain their employees or make an additional financial investment,” said Hal Tilbury, Bluepoint’s CEO and founder. “We are taking the lead from the National Credit Union Administration (NCUA) Corporate Resolution Plan and doing whatever we can to guarantee the continuity of payment services to credit unions and members. This is one way we can demonstrate our long-term commitment to the credit union movement.” NCUA has implemented a “Good Bank/Bad Bank” model to facilitate the corporate resolution process. Bridge corporate credit unions (“good banks”) are chartered by the NCUA Board to purchase and assume “good” assets and member share deposits from the conserved corporate credit unions (“bad banks”) (Credit Union magazine Nov. 15). The NCUA has previously stated that payments and settlement activities will be the focus of the bridge corporates. Credit unions currently using branch capture solutions purchased from a corporate credit union can immediately transfer those licenses to Bluepoint with no service interruption or additional cost, Tilbury said.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
16 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
18 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
20 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
20 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
21 hours ago