VISTA, Calif. (6/16/11)--Corporate One FCU and Bluepoint Solutions have formed a partnership to provide natural person credit unions with an alternative in check processing and clearing services. Through the partnership, natural-person credit unions using IMAGEin through their corporate credit unions can establish a relationship with Corporate One FCU, a corporate credit union based in Columbus, Ohio, for check processing and clearing services without any disruption to operations or product support. Vista, Calif.-based Bluepoint is a provider of remote deposit capture, image-based item processing, enterprise content management and receipt management. It developed the software that powers the IMAGEin branch capture solution specifically for corporate credit unions to deploy to their members. “For credit unions using IMAGEin that are exploring alternative corporate relationships, this partnership allows them to protect their financial investment in IMAGEin, and prevent disruption of service to their operations and, most importantly, their members,” said Hal Tilbury, CEO of Bluepoint Solutions. Credit unions that previously purchased licenses for IMAGEin through a corporate will be able to transfer existing licenses with no additional cost by switching product support directly to Bluepoint. Check images will then be sent to Corporate One for processing and clearing. Credit unions will not incur additional licensing fees or software costs, other than support. Day-to-day operations of the credit unions will be unaffected. Corporate One said it was one of the few corporates that did not to lose any of its members’ capital investment during the recent economic crisis. The corporate said it exceeds all capital ratios at the “well capitalized” levels, as outlined in recently updated regulations governing corporate credit unions.
CINCINNATI (6/16/11)--Fifth Third Processing Solutions, distancing itself from its former relationship as a subsidiary of Fifth Third Bank, has adopted a new name, brand and logo, and will now be known as Vantiv. Fifth Third Bancorp has held only a minority position in the national processing firm since 2009 (Cincinnati.com June 15). The Cincinnati-based Fifth Third inherited about 330 credit union processing accounts when it acquired TNB Card Services from credit union-owned Town North Bank, Dallas last year. The Vantiv brand will evolve over time across different parts of the company. Some distribution channels will change and carry the Vantiv name and logo while others will continue to be known either as “Fifth Third Processing Solutions, Powered by Vantiv,” or “NPC, a Vantiv company.”