NAPERVILLE, Ill. (11/15/11)--ICUL Service Corp. (LSC), a subsidiary of the Illinois Credit Union League, has introduced a pre-paid debit card and a financial education tool for teens.
LSC's CUMONEY Family Card is part of a continuing expansion of a partnership with CUNA Strategic Services (CSS) to market LSC's travel, gift and general purpose reloadable debit card programs.
"Credit unions know how critical it is to engage young members while providing financial education," said Wes Millar, CSS senior vice president. "The CUMONEY Family Card is a great tool for parents and credit unions to teach money management skills."
The Visa-branded card carries the teen's name and is funded by the parent with oversight and restrictions established by the parent. Parents and other gift givers have the security of knowing that cards are not directly linked to their accounts--funds are only loaded from the accounts.
In addition to the 20 million Visa locations worldwide, the CUMONEY Family Card works at ATMs. Teens and parents also have free, unlimited 24/7 access to www.cumoney.com to check balances and transaction histories.
"The best way to learn is through hands-on experience," said George Fiegle, LSC executive/chief operating officer. The credit union "can help young members develop responsibility and provide them a product they really want."
LSC and CSS have partnered on gift and general purpose reloadable debit card programs since 2009.
NORTH CANTON, Ohio (11/15/11)--ATM provider Diebold has been named the 2011 Systems Integrator of the Year by SDM Magazine.
Diebold is a CUNA Strategic Services Provider.
The annual award recognizes a single company that has demonstrated exemplary success, superior innovation and notable accomplishments in the systems integration industry.
"Earning the SDM Systems Integrator of the Year Award is a testament to Diebold's consistent, successful delivery of comprehensive security solutions to our customers," said Charles E. Ducey Jr., executive vice president, North America operations, Diebold. "Our recent work on highly complex security projects has helped to augment our credibility and capability as a leading systems integrator."
Among the successes Diebold highlighted in its award entry, the company said its systems integration work at the World Trade Center (WTC) site in New York City best demonstrates its abilities to perform in the most complex environments. Diebold is managing the installation, integration and maintenance of a situational awareness platform software (SAPS) system that will collect, correlate and display information from the WTC site's critical security systems and provide identity management capabilities.