cuasterisk.com CU*Answers has recently said that it plans to finish enhancements to the OFAC scanning capabilities of its core processing system, CU*BASE, in time for the 10.3 Release scheduled October 17th for Online Processing credit unions, and November 8-9th for Self Processing credit unions.
According to the CUSO, some of the upgrades include a new configuration file to hold country names/codes, maintained by CU*Answers for all clients that can be used in both batch and interactive scans, wherever there is an address with a foreign address flag that can be used to identify a country name. This feature will assist in cleaning up issues related to modifying and deleting country names. Other changes include the addition of a new log file that will record every time an OFAC scan is done for anything other than a member – which is designed primarily as an informational archive for credit unions to Query the file any time if they are questioned about when a particular name was scanned through OFAC.
For more information about products in the works at CU*Answers, visit the CU*Answers Kitchen page at http://www.cuanswers.com/kitchen/.
About the Partner
CU*Answers
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned CUSO providing services to credit unions representing nearly 1.5 million members and $10 billion in credit union assets. For more information, visit cuanswers.com.
