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TOM SAKASHSTAFF NEWSWRITER

Products Archive

Products

TNB Card paper focuses on consolidated processing

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FARMERS BRANCH, Texas (1/14/09)--Credit unions should consolidate to a single processor for credit card transactions, debit card personal identification number transactions and debit signature transactions, said TNB Card Services in a free white paper. The paper, “The Case for Consolidation,” notes that there has never been a better time for credit unions to maximize potential in their card portfolios through a single processor. Processors should offer:
* Lower cost and increased efficiency; * Fraud protection and risk management; * Relationship reward programs; and * Improved member support.
The partner also should be able to handle transactions in real-time, offer services through a single account executive and client support team; provide members with access to a multilingual call center; offer experience with fraud prevention; and ensure savings are passed onto the credit union, the paper said. TNB Card Services partners with 500 credit unions nationwide to offer card portfolio services.

Xtend announces 2009 stock pricing

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GRAND RAPIDS, Mich. (1/14/09)--Xtend announced that it will offer its $13,500 stock pricing through 2009. Xtend is a credit union service organization owned by 45 credit union partners in Grand Rapids, Mich. It offers ownership to credit union and credit union service organizations. “Although our final 2008 results reflected a modest earnings decline due to developing our new call center, we felt it was important that our 2009 offering price remain consistent,” said Glenn Kretchmer, Xtend board chairman and chief operations officer of ATL CU, Wyoming, Mich.

DeposZip remote capture starts year strong

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BURLINGTON, Mass. (1/14/09)--DeposZip, a remote deposit capture service, announced that it collected more than 87,000 deposited items totaling $76 million in 2008. The average deposit value was $1,151. The number of active credit unions grew 24% each month. The service also added four credit unions to its list of participants: Farmers Insurance Group FCU, Los Angeles; Liberty Bay FCU, Boston; MBTA Employees FCU, South Boston, Mass.; and Ohio Healthcare FCU, Dublin. DeposZip, which represents 30 credit unions in 13 states, is a part of Eastern Corporate FCU, Burlington, Mass.

MnCUNs vendor program attracts 11 new vendors

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ST. PAUL, Minn. (1/14/09)--The Minnesota Credit Union Network (MnCUN) welcomed 28 participants to its 2009 Vendor Involvement Program (V.I.P.) Jan. 1. V.I.P., created in 2005, provides service organizations with an opportunity to work with MnCUN and increase their visibility among Minnesota credit unions. Designed to optimize business relationships with Minnesota credit unions, the advertising program offers annual meeting packages, exposure, and exclusive opportunities to participate in new MnCUN initiatives. Of the 28 total organizations, 11 are new, and 17 have renewed their participation for 2009. New vendors are:
* Bankers Equipment Service Inc.; * CASE; * Crankyape.com; * CU Succeed; * Edina Realty Title; * Fidelity National Information System; * ICUL Card Services; * Metro License Services; * Midwest Dental Benefits; * Symitar; and * Zayo Managed Services.
“It’s clear that vendors see value in our program, and I’m pleased that the number of new and repeat participants continues to grow,” said Mark D. Cummins, MnCUN president/ CEO. “Minnesota credit unions learn more about V.I.P. vendors with each passing year, providing increased exposure and significance to participating organizations.”

UsNet announces price cut in verification

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ALBANY, N.Y. (1/14/09)--The Universal Sharing Network’s (UsNet) board of directors announced a reduction in the price of in-network member verification charges. The decrease in charges represents 8% in savings, effective Jan. 1. The board voted on the reduction in December. The cut is the third in the last five years. It will not adversely impact net revenue earned by member verification by acquirer credit unions, UsNet said. “The board continues to recognize the ever-increasing level of credit union support for shared branching,” said Mark Pfisterer, board chair, UsNet and CEO, AmeriCU CU, Rome, N.Y. About 47 credit unions are on the network. UsNet provides credit unions with national shared branching and are partnered with CO-OP Shared Branching.