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Products and Services briefs (09/26/2008)
* TALLAHASSEE, Fla. (9/29/08)--The Florida Credit Union League (FCUL) Service Group partnered with Ventelligence to offer credit unions a way to manage third-party relationships. Ventelligence is an automated system that streamlines vendor management processes and provides a Web-accessed contract database, third-party vendor risk assessments and due diligence templates, and procurement strategies. The system aims to help credit unions manage third-party contracts, perform risk assessments and due diligence, and streamline and improve their procurement strategies ... * GRAND RAPIDS, Mich. (9/29/08)--CU*Answers announced that a new tool for helping authenticate member information related to Red Flag compliance is available to its clients using CU*BASE. CU*Answers programmed an interface with Experian’s Authentication Services ne (AS1) for helping its clients meet new compliance requirements. The Fair and Accurate Credit Transactions Act requires a financial institution to authenticate a new member through verification of criteria. AS1 uses multiple data sources, including Social Security numbers, addresses and other resource data. Soon clients will be able to inquire about a variety of verifications and validations returned by Experian, CU*Answers said ... * ATLANTA (9/29/08)--LEVEL5, a consulting and facilities development firm specializing in financial institutions, announced that it named Tom McGrath as vice president of sales. It also named Fred Booker and Kathleen Stasia as directors of the Mid-Atlantic and Florida regions. LEVEL5, based in Atlanta, is CUNA Strategic Services provider. For more information, use the link ...


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