CU*Answers, the 100% credit union-owned cooperative CUSO, is adding the capability for credit unions to pay their vendors via ACH in the accounts payable functionality of CU*BASE®. In the past, CU*BASE has handled all accounts payable payments via a printed check. Now, if a credit union has a relationship with Magic-Wrighter, they can configure certain…
West Michigan-based cooperative CUSO CU*Answers is enhancing the configurable holds functionality for direct mail of RDC. If a credit union uses the batch-post capabilities of Mail/Direct Post to post batches of RDC deposits to member accounts, these enhancements will allow them to further refine how holds will be placed on those deposits. Instead of a…
CU*Answers, the 100% credit union-owned cooperative CUSO, is giving their credit union partners the ability to warn members in It’s Me 247 Online Banking when the member will exceed the allowed Reg D transfer limit. Now credit unions can elect to warn members in online banking when they are about to make a transfer that…
CU*Answers, the 100% credit union-owned cooperative CUSO, is giving credit unions the abilitiy to log in to It’s Me 247 Online Banking right from the credit union’s website. Previously, members were taken to an “Online Banking Community” (OBC) page from which they would enter their login credentials. Scott Collins, EVP said: “We have heard our…
Credit unions, especially those with large accounting teams that juggle payments for multiple branches, have been given the ability to add approval controls for authorizing payments to vendors in the latest release of CU*Answers’ CU*BASE® core processing platform. New features the 17.10 release let credit unions activate optional controls so that invoices must be approved…
West Michigan-based core data processor CU*Answers recently announced that it has partnered with Vantiv to provide credit card processing in an online environment. With the addition of Vantiv, CU*Answers now supports four vendors for online credit card processing, including FIS, JHA, and PSCU. The service adds benefits for both members and credit union staff over…
CU*Answers recently kicked of a new “Get Connected” webinar series aimed at educating clients about the key roles and individuals working for the 100% credit union-owned cooperative CUSO. Most recently, Scott Page, business manager of the new Developer’s Help Desk (DHD), was interviewed. During the session, Page described how the DHD is organized and is…
Virtual audit capabilities expected to reduce compliance costs and set the stage for strategic growth Virtual StrongBox, Inc. and CU*Answers announced today that the two companies have teamed up to transform compliance and audit processes for its credit unions and auditors. AuditLink, the audit and compliance division of CU*Answers, will use Virtual StrongBox’s secure platform…
CU*Answers, the 100% credit union-owned cooperative CUSO, announced it will be deploying the latest software upgrade to its flagship core processing system, CU*BASE, in late October. The 17.10 software release is available to online credit unions as well as Site-Four partners on October 22nd, and will be released to self-processing credit unions on November 13-14,…
The CU*Answers Conversion team helped twenty credit unions with their core conversion or merger project in the 2017 fiscal year. Over 67,000 members were added to the CU*Answers network as a result of the work conducted between October 2016 and September 2017. The team also assisted two self-processing credit unions transition their daily and monthly…