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Products and Services briefs (07/21/2008)
* ATLANTA (7/22/08)--LEVEL5, a consulting and facilities development firm specializing in financial institutions, announced that it partnered with United Heritage CU, Austin, Texas, to design and build two new branches for the credit union. The branches will be located in the River Place area of Austin and Kyle, Texas. The Kyle branch design will have a traditional teller layout, while the River Place branch will have a remote teller layout. Groundbreaking for the Kyle branch is slated for fall. Groundbreaking for River Place will be in 2009. United Heritage has $530 million in assets ... * ALAMO, Calif. (7/22/08)--Global Debt Network Automotive (GDN Auto), an online auto loan portfolio transaction platform, is now available. GDNAuto allows dealers to review recent portfolio sales and prices, set their preferred terms and monitor the status of the entire process. Dealers also can manage due diligence paperwork and facilitate closing and funding. Credit unions can use the GDNAuto control panel to specify the loans they want to buy ... * KING OF PRUSSIA, Pa. (7/22/08)--Participating credit union members can conduct transactions at commuter rail stations in Boston. Select-A-Branch (S-A-B) ATM Network announced last week that it has installed the ATMs, which are surcharge-free for S-A-B credit unions. The ATMs can provide revenues for the Massachusetts Bay Transit Authority, according to Dan Stechow, S-A-B chief operating officer. “Banks and credit unions are obliged to provide surcharge-free transactions to their own card holders, resulting in a revenue stream based on about 50% to 60% of the transaction volume,” he said. “But at S-A-B ATMs, transactions performed by card holders of participating institutions are paid for by those institutions. Customers of non-participant institutions pay the surcharge themselves, as they would at any generic ATM. The resulting 100% surcharge model can, over time, dramatically increase the revenue of a given location.” S-A-B network serves the east coast ... * NORWALK, Conn. (7/22/08)--Affinion Security Center, a division of Affinion Group and a provider of identity theft protection services, announced that more than 100 U.S. financial institutions--including credit unions--selected Affinion Security Center’s Card Patrol. Card Patrol provides real-time monitoring of the chat rooms where thieves buy and sell debit and credit card numbers. Account holders can register up to 10 cards and receive instant notifications of suspicious activity. Consumers also are notified when other personal information appears online ...


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