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Fiserv said the CUOL acquisition will provide the more than 220 XP2 users with a choice of in-house or service bureau delivery and more direct support and access to Fiserv products and services.
The CUOL acquisition will provide Fiserv clients with a choice of either in-house or outsourced delivery of XP2.
The CUOL, which is co-owned by CEO Connie Boretti and two credit unions: RTN Federal Credit Union and Medical Area Federal Credit Union, has been providing data processing solutions for credit unions since 1980.
CUOL: Why do you want to know the name of my lineage?
That this conversation appears in a published book is testament that Evans-Pritchard was dissembling when he said he wanted to "do nothing" with the information he obtained by Cuol. The scholar's audience has traditionally been other scholars, rather than Indigenous people, and one premise behind Evans-Pritchard's actions is that the illiterate people he was studying would not be able to access his written admission of deceiving them.
Kevin Keener, who came to CUOL with more than 20 years of experience in systems auditing and assurance, bank examination and compliance, will focus on helping the company satisfy audits and examinations itself and do the same for its credit union clients.
CUOL serves smaller credit unions, which Keener said can find it "particularly difficult to keep up with all the regulations, changes and the extra burden of regulatory insight if they try to do with their own internal data processing functions."
"CUOL made the conversion process painless," said Dorinda Edwards, president and CEO of $46 million American Partners FCU of Reidsville, N.C.
She said her credit union's relationship with CUOL, based in Waltham, Mass., covers most of that company's 30-year history.
CUOL responded by licensing a software add-on to the XP2 system that automates the blocking of existing cards, obtains a file from the switch provider (Elan, in this case), and communicates between the host and switch databases to automatically authorize and reissue a new card.
Breaches such as Heartland Payment Systems' also can be addressed with the automated solution at CUOL, Lowman said.
"We're excited about our new relationship with Virtual Branch and CheckFree," said CUOL president/CEO Connie Boretti.