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Open Solutions uMonitor partnership has 20 FIs

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GLASTONBURY, Conn., and MEMPHIS, Tenn. (4/30/09)--Open Solutions Inc. and uMonitor announced Tuesday that more than 20 financial institutions, including credit unions, have selected their integrated services, offered through a new partnership. Open Solutions offers integrated enabling technologies for financial service providers throughout the U.S., and international markets. uMonitor is a financial solution services provider for banking customer acquisition and retention. CDC FCU, based in Atlanta, and Meritrust CU, Wichita, Kan., are among the clients who recently leveraged the partnership. By adding uMonitor's uOpen and uFund, an online account opening and funding solution, and uTransfer, an account-to-account money transfer solution, the credit unions now have end-to-end online delivery for new clients.

PSCU Financial gateway hub receives Metastorm award

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ST. PETERSBURG, Fla. (4/30/09)--PSCU Financial Services received a Metastorm Enterprise Process Advantage Award at Metastorm’s Global User’s Conference for its use of Metastorm Integration Manager to establish an enterprise-wide data gateway hub, based on a service-oriented architecture and Web services. Metastorm is a global software provider of enterprise architecture, business process analysis, and modeling and process management solutions. The first application for the new hub involved transmitting of more than one million messages a day with First Data Corp., a credit card services company. PSCU Financial Services’ data gateway hub is configured for high availability with complete hot failover capabilities between the cooperative’s data centers. If a response to a credit card transaction is not received, for example, the system will automatically execute backup actions. Additional processes will be added to the hub this year. In 2010, the credit union service organization (CUSO) expects it to process 100 million transactions a month. “Deploying this new technology streamlines processing and provides more efficient operations,” said Steve Lattman, the CUSO’s chief technology officer. “It also enables our cooperative to speed the development and introduction of new services.”