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Products and Services briefs (12/02/2008)
* COSTA MESA, Calif. (12/3/08)--Meridian Link has published a new white paper aimed at credit unions that are considering the automation of financial services. The paper, “Automating Financial Services: Is It Worth the Investment?” highlights the experiences of three credit unions of varying sizes that recently deployed new technology to automated their financial services: EECU, a $743.6 million asset, Fort Worth, Texas credit union; the $176 million-asset Charlotte (N.C.) Metro CU; and the $743.6 million asset Oregon Employees FCU in Salem, Ore. The paper offers information about financing or budgeting for new technology, and statistics and specifics regarding the benefits each of the credit unions realized with the automation of their financial services. The paper is available as a free download on MeridianLink’s LoansPQ and XpressAccounts website. For Automating Financial Services: Is it Worth the Investment?, use the link … * JACKSONVILLE, Fla. (12/3/08)--Fidelity National Information Systems Inc. (FIS) announced an agreement with Microsoft Corp. Tuesday to make up-to-date financial news from MSN Money available on client websites. Under the terms of the agreement, client financial institutions using FIS’ Web-hosting services will have an opportunity to subscribe to four MSN Money authors, providing the institutions’ customers with current financial news, commentary and advice. FIS creates processing and financial technology solutions for financial institutions. Microsoft Corp. creates software, services and solutions ... * LITTLETON, Mass. (12/3/08)--Octant Business Services, a credit union service organization (CUSO) offering commercial-loan underwriting and servicing, has added Northern Massachusetts Telephone Workers Community CU, a $435 million asset, Lowell, Mass.-based credit union as a full partner. Octant is now owned by nine New England credit unions, including Eastern Corporate FCU (EasCorp) in Burlington, Mass. “Octant has been operating for nearly four years and has helped dozens of credit unions in the New England area and beyond with their business-lending programs,” said Bob Cipriani, president of the CUSO. “In the current market environment, traditional lenders have turned their backs on many businesses. As a result, credit unions are seeing a tremendous spike in applications, and many new relationships are underway” …

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