CU*Answers announced that its core Direct/ Mail Post option that allows for batch processing of transactions using single screen posted to a G/L account via manual entry continues to expand in feature functionality. 

CU*Answers stated that per its most recent feature, if a third-party vendor creates a file of accounts and transactions in a CU*BASE supported file format, the credit union may upload the file to a CU*BASE library, and import the list directly into the Direct/ Mail screen to review, then post the batch – eliminating any manual entry.

CU*Answer said CU*BASE has previously incorporated the capability for allowing batch processing of deposits, payments and withdrawals to multiple member accounts simultaneously using a single CU*BASE posting screen. They said this feature has offered a perfect complement to clients being able to more quickly post mixed member transactions via night drop, mail and ATM deposits, without having to access each member’s account separately.

CU*Answers also stated this feature has provided posting transactions to member savings, checking, tax escrow, and loan accounts. They added this feature has also commonly been used for setting up pre-defined groups, such as a monthly batch of pension checks, to be built and saved as a template for future postings.