North America Bytes
The Huntington Nation Bank, a subsidiary of Huntington Bancshares Inc., will begin to use ACI Proactive Risk Manager, created by ACI Worldwide, to help comply with recently enacted, anti-money laundering legislation.
The ACI Proactive Risk Manager has the ability to allow the bank to detect suspicious transactions so the account can be flagged and appropriate actions can be taken. The software now has improved analysis and review capabilities, which can expand the bank's fraud operations processing. The software also will allow analysts to process more suspicious alerts per hour.
"Keeping watch for fraudulent activity has always been a priority with Huntington--and our efforts are even more important in light of recent events," said Marilynn Wagner, senior vice president and director of corporate compliance for Huntington. "ACI's software will help us detect suspicious activity early so we can take necessary steps to stop it while protecting our legitimate customers."
---------------------------------------------------------------------------------------
Mid-Atlantic Corporate Federal Credit Union (FCU) will launch InteliData Technologies Corp.'s next generation Electronic Bill Payment and Presentment solution to 200 of the 1,100 credit unions Mid-Atlantic Corporate FCU serves.
InteliWorks allows credit union members to aggregating consumer bills from multiple presentment networks. This bill presentment solution allows consumers to view their bills from one consolidated site. InteliWorks' electronic endpoints such as Spectrum EBP and MasterCard RPPS provide Mid-Atlantic with significant control and cost savings.
"We are leveraging out existing InteliData product solutions in conjunction with the new InteliWorks product suite in order to offer the most robust EBPP solution to our member credit unions, " said Jeff Stoner, vice president of Payment Services at Mid-Atlantic.
Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union, which provides investment, lending and payment services, including bill payment, ACH and share draft processing to more than 1,100 credit unions.
---------------------------------------------------------------------------------------
U.S. Bank has redesigned its Internet banking site to include features such as account nicknames, a simplified transfer process and account details that are presented in a design that resembles a checkbook register.
Other new features on the site include a snapshot view of all accounts on a single screen, and account nicknames that erase the need for memorizing account numbers.
These recent changes are the part of a string of updates on the site in the past year. U.S bank has also created a place for consumers to open checking, savings accounts or a Certificate of Deposit (CD) online, pay their bills and download transactions to their financial management software.
"Our redesign makes it extremely easy to bank online, even if you're never done it before," said Barb Page, vice president of eBusiness at U.S. Bank who led the redesign project. "Most of the very tech-savvy consumers are already using U.S. Bank Internet Banking. Now, when the enhancements that have been implemented, we're confident that high users of ATMs and telephone banking will also find Internet Banking to be a valuable tool to manage day-to-day banking needs."
---------------------------------------------------------------------------------------
Fleet Capital Leasing, a global provider of equipment leasing and financing to Fortune 1000 companies and subsidiary of FleetBoston Financial, has selected Leasing and Asset Management with mySAP CRM to manage equipment-leasing operations worldwide.
Leasing and Asset Management with mySAP CRM will provide Fleet Capital Leasing with a single platform to support the entire lease lifecycle, from initial customer contact through end of lease asset. This program also includes multi-language, multi-currency and specific leasing capabilities. Using a single platform will allow Fleet to manage its customer relationships more efficiently.
"This single, global scalable platform will allow us to better serve our diverse customer base with a multitude of leasing solutions," said Rob Chamides, president of Fleet Capital Leasing. " We are always striving to create an industry-leading customer experience and we're pleased that SAP is able to help us achieve the goal."
Fleet Capital Leasing, a unit of FleetBoston Financial, is the second largest bank-owned leasing company in the United States. SAP is the world's leading provider of eBusiness software solutions.
---------------------------------------------------------------------------------------
South Dakota Credit Union League has signed a strategic alliance agreement and will market SS&C Technologies Inc.'s internet-based products including PortPro Mall, and PortPro.
Port Pro Mall is a leading a leasing tool for loan officers and administrators. It allows lenders to streamline credit processing and services for individual and business clients. PortPro is a system to help financial institutions access information and manage and measure their investment portfolios and balance sheets.
"The goal of SDCULeague is to offer our member credit unions premium services at competitive prices, and we are pleased to offer SS&C as a preferred vendor," said Donald P. Couch, SDCULeague's president. "This new alliance with SS&C's product will provide our members with access to a comprehensive suit of necessary lending, leasing and research information at reasonable prices. We further expect PortPro will enable them to take advantage of market leading technology to assist them in managing their investment portfolios."
South Dakota Credit Union Leagues services 59 member credit unions. The SDCULeague goal is to provide pro-active leadership to Member credit Unions and deliver quality products and services.