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Celent names ProfitStars as RDC marketshare leader

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MONETT, Mo. (12/16/11)--Celent has named ProfitStars the market share leader in the remote deposit capture (RDC) and branch capture solutions market.

Individual annual reports published by Celent provide reviews of ProfitStars' RDC and branch capture market share, and recognize the company's solutions as continued market share leaders since 2008.

The "State of Remote Deposit Capture 2011: Signs of a Maturing Market" report, published Nov. 7, identified ProfitStars as the market share leader in RDC based on financial institution implementations and licensed end-users.

The "Imaging in the Retail Channel 2011: Seventh Inning Stretch," report published Nov. 30, named ProfitStars as the branch capture market share leader in terms of end users supported (number of seat licenses sold). The company also ranked among the top three providers of branch capture solutions based on the number of financial institution implementations.

CUTEK adds Reg Z tracking to fee management console

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MURRIETA, Calif. (12/16/11)--Financial technology services provider and consultant CUTEK Inc. has added Regulation Z requirements to its Fee Management Console product.

Fee Management Console already handles reversals of loan fees, including required adjustments to properly track fees covered by Regulation Z. This reversal handling properly tracks the reversal of loan fees covered by Regulation Z that were originally posted to share accounts, rather than directly to the affected loan.

Mutual Savings CU, with $166 million assets, Birmingham, Ala., is the first to use the Regulation Z requirements within Fee Manager.

Connecticut league Sprint tout success

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MERIDEN, Conn. (12/16/11)--Forty credit unions in Connecticut received marketing incentive checks for participating in the national 2011 Sprint Discount Program, said the Credit Union League of Connecticut.

Among those attending a gathering of credit unions that offer Sprint in Connecticut are, from left, Doreen Roy, vice president, HR & Public Relations, Northwest Hills CU, Torrington, Conn.; Nick Moalli, Credit Union League of Connecticut assistant vice president  Credit Union Services; and Paul Rougeot, president/CEO of Northwest Hills CU. (Photo provided by the Credit Union League of Connecticut)
Seventeen individuals attended a gathering at the league's office Tuesday to celebrate sharing in the excess of $78,000. During the 2010-2011 program year, Sprint reported that credit union members nationally saved more than $158 million in cell phone equipment and services.

The National Sprint discount program from Invest In America saves credit union members on wireless services through lower monthly bills, waived fees, and discounts. As part of the partnership with Sprint, credit unions receive noninterest income to support their marketing expenses. The Connecticut league has a marketing agreement with CU Solutions Group, based in Michigan, to offer the program in its state.

"The Sprint program keeps growing every year," said Nick Moalli, assistant vice president, credit union services, who administers the program at the league. "When credit unions realize they can help their members by providing real savings on a practical service while gaining a little advantage of their own, they'll see that programs like this one easily become an integral part of providing total financial services that members benefit from far into the future."