US-based six federal credit unions (FCU) have inked an agreement with Fiserv to implement its account processing platform, OnCU, and various technologies for online banking, bill payment, credit and debit processing and fraud detection.
Fiserv credit union solutions senior vice president Albert Ku said, "Fiserv will partner with each of these credit unions to help streamline their operations, improve efficiencies and roll out new payment and channel solutions to their members."
Designed for credit unions who wish to outsource their technology operations, OnCU is a fully automated, real-time account processing platform, with robust functionality.
Reno City Employees Federal Credit Union will also deploy Fiserv’s statement production services and implement CheckFree RXP for bill payment and Virtual Branch for online banking.
L’Oreal USA FCU will add OnCU as well as EnFact Network Services for fraud detection, the ACCEL/Exchange payments network and debit processing.
NCP Community Development FCU will deploy credit and debit processing and EnFact network services, while VBPFCU has also selected Virtual Branch, the ACCEL/Exchange payments network and EnFact Network Services and debit processing services.
Polk County Credit Union will add virtual branch and debit processing technology, while Sioux Valley Co-Op FCU has also selected virtual branch.