Products & Services News (09-07-12)

The Pulse (09-07-12)

September 7, 2012    ●    Volume 01, Issue 36

View 09-07-12 issue of The Pulse

Products & Services News

South Metro FCU offers members mobile deposits
through MnIPC & Cachet Financial Services partnership

As part of its ongoing effort to improve service to members, South Metro Federal Credit Union recently signed onto Cachet Financial Services' remote deposit capture. This service is available to credit unions through a partnership established earlier this year between MnIPC and Cachet Financial Services.

South Metro FCU is the third credit union to take advantage of this partnership between the two organizations. This collaboration enables the credit union to integrate mobile remote deposit capture into its mobile banking platform. Through this technology, members can make a deposit by taking a picture of a check with their phone and sending it to the credit union. Cachet's CheckReview™ product monitors the deposits with real-time image verification, and MnIPC completes the cycle by processing South Metro FCU's checks.

MnIPC's collaboration with Cachet Financial Services furthers its ongoing initiative to offer credit unions premier check processing solutions, including mobile deposit services. MnIPC is a leading check processor for financial institutions that provides a full suite of item processing services. Cachet Financial Solutions is a prominent provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and credit unions.

Remote mobile deposit enables credit unions to expand their marketing footprint, strengthen existing member relationships, provide members greater convenience and attract new deposit members. Through Cachet's Select Mobile™ Product, MnIPC clients provide members the ability to deposit either personal or business checks via smartphones with cameras, including iPhone, Android, BlackBerry and select tablets.

"We are excited that South Metro has taken advantage of the unique offers available through the collaboration between MnIPC and Cachet Financial Services,” said MnIPC Vice President Michelle Carlson. "Through the mobile deposit platform, MnIPC furthers its goals to assist credit unions in distinguishing themselves as organizations dedicated to meeting and surpassing members' needs.”

Become a MnIPC client today and discover how it can meet and surpass all of your check processing needs. For more information about MnIPC's products and services, contact Vice President Michelle Carlson by email or at (651) 288-5551.

PolicyAid offers CUs updated, compliant policies

With credit union laws and regulations changing daily, it is a full-time job to ensure that a credit union is in compliance. PolicyAid helps to lessen this burden on credit unions by offering a comprehensive online library full of policy templates.

The PolicyAid documents are updated on a quarterly basis and reflect any new and amended regulations. These policies are available in Word format, allowing credit unions to adapt them to fit their needs. PolicyAid's trained professionals study the regulations and review the footnotes and fine print so that credit unions don't have to spend time reading these complex regulations.

Why should your credit union choose PolicyAid? Check out the reasons below:

  • PolicyAid's only business is credit union regulations;
  • Their trained professionals have years of experience with credit union regulations;
  • PolicyAid saves credit unions time and money; and
  • They are a trusted partner of credit unions.

Offered at a subscription price of $299 per year, PolicyAid serves as a trusted compliance partner for Minnesota credit unions. Developed by the Iowa Credit Union League's PolicyWorks, PolicyAid uses trained compliance professionals to develop their policies. For more information and to subscribe to this resource, visit the PolicyAid page of the Network website. With questions or to sign up, contact MnCUN Vice President – Network Service Corporation John Ferstl by email or at (651) 288-5505. 

Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034