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CUTEK adds hosted option to Correio AVS

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MURRIETA, Calif. (12/4/08)--CUTEK, a financial technology development and consulting firm for credit unions, has added a "hosted" service bureau option to its Correio Address Validation Servicer (AVS) solution. The hosted Correio AVS works the same as the original, but the credit union using the hosted version doesn't have to maintain a PC server and the USPS database. Instead, CUTEK handles those tasks. Credit unions employing the service don't have to worry about maintenance or hardware requirements. "Subsequently, it will save our clients a lot of time, labor and money," said CUTEK President Ron Murray. The hosted version gives credit unions a choice on how to deliver the security of address validation and save costs in standardizing to USPS standards. Credit unions whose security procedures don't allow data to be sent from the credit union network can still chose the in-house version. Both hosted and in-house versions are available to be integrated with any credit union on core platforms other than Symitar's Episys, allowing CUTEK to expand its market beyond Symitar clientele. Correio has been so popular with Symitar credit unions "we thought that it would be a good idea to open it up to other platforms," Murray said.