CU*Answers offers new feature to email payment advice to accounts payable vendors

Credit unions on the CU*BASE core processing platform can now automatically generate a payment advice email (with comments) to notify accounts payable vendors that a payment was made via ACH. Although paying vendors via ACH has been available for over three years, many credit unions did not want to hop on board unless an email […]

CUSO Magazine begins production of Winter 2020 print edition

CUSO Magazine, a digital publication for credit unions and CUSOs, announced that production of its Winter 2020 print edition is under way and copies would be delivered to its distribution list in the coming months. Speaking on the print edition, Supervising Editor Esteban Camargo said: “While some of 2020’s newsworthiness has been positive, much hardship […]

RVA Financial FCU becomes the newest owner of CUSO Xtend

Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has added another credit union owner. RVA Financial (10K members, $72M assets), which is based in Richmond, VA, will join the group of 80 owners who each share equal parts of ownership in Xtend. “RVA is an active client, user and advocator for […]

Asterisk Intelligence completes research analysis for Cumberland County FCU

Asterisk Intelligence, a data analytics team at CU*Answers, has completed a research analysis that evaluates changes in fee refunds and fee waivers to explain and confirm the historical fee income trend. The analysis was commissioned by Cumberland County FCU. A typical research analysis starts with an anomaly or unexpected finding noticed in the credit union’s […]

CU*Answers completes disaster recovery test of

CU*Answers is pleased to announce it has successfully completed disaster recovery testing of the member online banking application on Wednesday, September 9. During the test, the web and mobile applications were moved to a CU*Answers’ backup data center and live traffic was served from this location for the 3-hour duration of the test in […]

CU*Answers to perform high availability recovery test

CU*Answers, the cooperative data processor, announced during the month of September, they will be performing multiple rollovers including CU*BASE® GOLD core data processing system and online/mobile banking suites.  These exercises allow CU*Answers to test the performance and durability of its Disaster Recovery and Business Resumption plan with all core processing clients. The cooperative performs these […]

CU*Answers planning for an OAuth launch in 2021

Cooperative CUSO CU*Answers is planning to deploy OAuth in 2021 to support integration between Intuit (Quicken) and CU*Answers’ business online banking solution, It’s My Biz 247. CU*Answers CEO Randy Karnes said, “Credit unions want to let vendors in, and vendors do not want to fiddle with the details of user sign-ons, security questions, and passwords. […]

CU*Answers credit unions will be able to manage their own mobile app features

The CU*Answers Mobile Technologies Group will be offering credit unions access to CU Publisher to maintain their mobile app content, including advertisements, button links, branch information, and much more. Credit unions currently have access to the Request Center, working data from their secure online forms. In the 2021 business year, credit unions will have access […]

CU*Answers Mobile Technologies Group uses Experian Precise ID verification for electronic membership opening

As part of the electronic Membership Application/Opening Product offering in CU*Answers online and mobile banking, Experian’s Precise ID® is embedded as a knowledge-based tool for identity authentication and fraud prevention. Last year in the U.S., more than 13 million individuals, roughly 1 in 25 people, were victimized by fraud. Experian’s Precise ID keeps the bad […]

CU*Answers evaluating expanded ID verification technology

CU*Answers is evaluating the use of ID verification technology provided by DAON’s IdentityX platform, to enable a member to digitally verify their identity by uploading pictures of an identity document (driver’s license, passport, state ID, etc.) and a photo of themselves. This technology could be used in a variety of different products ranging from online […]