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Mountain America Credit Union Chooses uMonitor New Account Application |
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MEMPHIS, TN, August 11, 2005 - Parsam Technologies, the leading provider of uMonitor financial technologies for credit unions and banks, announced today the selection of its industry-leading New Account Setup and Online Funding Application with Switch Kit solution by Mountain America Credit Union, which has branches throughout the state of Utah from Logan to St. George as well as in Arizona, New Mexico, and Nevada. Mountain America is the second largest credit union in Utah and one of the 60 largest credit unions in the country with more than $1.6 billion in assets and over 190,000 members. This member-owned financial institution provides financial products and services to help members build for their future and realize their financial dreams through a tradition of value. The uMonitor New Account Application will allow new and existing Mountain America members to securely apply for new accounts online and fund those accounts, all in a single session without going to a branch. |
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Gordon R. Dames, President and CEO of the Mountain America Credit Union, stated, "In keeping with the Mountain America mission of Quality People Providing Quality Products and Service through Quality Delivery Systems, we are delighted to have this world class solution from uMonitor financial technologies to offer real-time service and simplify our retail delivery processes. uMonitor's reputation for quality service in the credit union industry guided our selection." The uMonitor New Account Application will be available from the Mountain America website. This service will enhance Mountain America's ability to offer its full range of products to each new applicant. Furthermore, this new service will complete, in real-time, eligibility checks based on Mountain America's own risk-management criteria as well as interface seamlessly with ChexSystems™ from eFunds Corporation (NYSE: EFD) for ID verification, with NetConnect™ from Experian for credit checks for risk-management, and with the Episy core system from Symitar™, a subsidiary of Jack Henry Associates Inc (Nasdaq: JKHY). The uMonitor New Account Application, along with these existing platforms used by Mountain America, will streamline the account-opening process and offer better product selection and service to members. Applicants can also use the online funding option to fund their new accounts from any existing bank accounts using a secure ACH-based funds transfer service or using a credit card. Adding an integrated switch kit with this process will help new applicants establish direct deposits and automatic payments from the new account as well as close their accounts at other financial institutions, increasing Mountain America's rating as the primary financial institution for its members. "With a user friendly online interface and complete integration of all the back-end interfaces, we believe Mountain America is achieving a level of sophistication that only the best in the industry have achieved at this time. We are pleased to be part of their vision and commitment to offer such advanced capabilities to their members while improving their operational efficiencies," said Dinesh Sheth, CEO of Parsam Technologies. uMonitor is recognized in the financial services industry for delivering highly dependable services to meet credit union and bank requirements – the best technology, exceptional customer service, and prompt system implementation – at a very affordable price. |
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About uMonitor – Parsam Technologies For more information, please visit www.umonitor.com or contact Gillian Smoot at gsmoot@umontitor.com or by phone at 901.757.1212, ext.7115. |
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