The Pulse (01-27-12)
January 27, 2012 ● Volume 01, Issue 04
View 01-27-12 Issue of The Pulse
Products & Services News
MnIPC ownership consolidated and restructured
Continuing its commitment to service, MnIPC began 2012 with consolidated ownership following the redemption of its stock in December. The organization redeemed its stock from Minnesota credit unions and transferred complete ownership to the Network Service Corporation, a wholly-owned subsidiary of MnCUN.
MnIPC was originally formed in 1994 to provide credit unions a cost-effective check processing alternative. At this time, a stock offering was introduced to raise capital for the purchase of equipment and to build the infrastructure necessary for the business. Since the original stock subscription, MnIPC has experienced consistent growth and success, posting a profit for 15 consecutive years. The continued stability and profitability of the organization, along with the reasonable return it offered to shareholders, led to the Board's decision to redeem outstanding stock.
"Over the years, MnIPC has consistently provided excellent member service and innovation, which has lead to the evolution of the high-tech, high-touch organization it is today,” said MnCUN Vice President – Network Service Corporation John Ferstl. "We thank MnIPC shareholders for their longtime support and look forward to offering credit unions around the country unsurpassed service as we enter this new chapter of MnIPC history.”
MnIPC is dedicated to offering credit unions share draft and deposit processing services at competitive rates. Check out MnIPC today and discover how they can help make your check processing faster and more efficient. For more information about MnIPC's products and services, contact Vice President Michelle Carlson by email or at (651) 288-5551.
Cachet Financial Services offers CUs mobile check capture
Cachet Financial Solutions is a leading provider of mobile check capture technologies for financial service organizations and their customers. They take the worry out of executing a state-of-the-art mobile solution.
Cachet has developed a unique platform that simplifies the execution of check capture for members while delivering a safe, robust technology that meets credit unions' high security standards. Their solution is Check 21 compliant, and it integrates with existing systems that credit unions might already have in place. With Cachet's Mobile Check Capture, members can submit checks using camera-equipped smartphones and tablets. Users simply click the branded application on their smartphones or tablets, endorse the check and snap photos of the front and back of each check that is being submitted.
Cachet's technology allows for the development and execution a host of solutions for credit unions, ensuring that specific business requirements and security and compliance standards are met. For more information about Cachet, contact MnCUN Director of Business Development Vickie Ganrude by email or at (651) 288-5515.