(Archive) GOLD 14.0 June 2014

June 8, 2014

Affects the Member

A Greatly Expanded Feature Set for Mobile Web Banking

As announced in the 2013 Leadership Conference, this is the year for Mobile Web Banking.  

The 14.0 release includes several new features members can do on their mobile device or phone, including:

Look at the full listing of available features on a mobile phone in the example to the right.  Did you know that Mobile Web Banking already allows your members to pay bills online, view incoming ACH transactions, view online banking messages, transfer funds, and more?  The new features added with this release only add to an already full feature set.  Be sure to market Mobile Web Banking to your members since it is free to both your credit union and your members!

Learn more about the features available in Mobile Web Banking in the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page https://www.cuanswers.com/client_reference_itsme.php.  

Members Can Apply for a Loan via Mobile Web Banking

The most exciting change with this release is the introduction of loan application screens designed specifically for a mobile device.  These screens have similar styling as the standard online banking loan application, but they fit into the size of a member’s phone.  (The Mobile Web loan application is currently only available in the coloring shown to the right.  However, if your credit union has a branding logo, it replace the It’s Me 247 logo.)

These on-the-go loan applications allow members to apply for loans whenever and wherever they want to!

Members access these new loan application screens by first selecting “Our Rates” on the entry screen and then “Apply for a Loan Online.”  From there they can access the rate board and select from the available loan products, which are identical to the products offered through It’s Me 247.  Members will then walk through screens similar to the ones they use in online banking to enter all pertinent information (even adding co-signers and selecting debt protection products).

Your loan officers will receive these loan requests in the loan queue in CU*BASE (Work/View Application Status on the Lending Functions (MNLOAN) menu).  They will appear with a “96” in the “DC” (Delivery Chanel) column, just as with applications submitted through It’s Me 247.

For pictures of all the screens used to apply for a loan on a mobile device, refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page. https://www.cuanswers.com/client_reference_itsme.php.  

Members Can View Rate Boards via Mobile Web Banking

As mentioned in the previous section, members will now be able to view your rate board for lending, savings/checking and certificate products via the new “Our Rates” on the entry Mobile Web Banking screen.  These rates are the same rates shown via It’s Me 247.  

From the rate board, it is an easy next step for the member to open a new account on their phone or apply for a loan.

Refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page. https://www.cuanswers.com/client_reference_itsme.php.   

Members Can Open Sub Accounts via Mobile Web Banking

Opening a new account on their phone, for example a new vacation savings account, is a snap for the member after the 14.0 release.  Members can easily open any savings, checking, or certificate products you offer via It’s Me 247 on their mobile device.

Members select “Our Rates” from the entry screen and then either “Purchase a new Certificate” or “Open a New Savings or Checking Account.”  On the next screen, they select the product they want to open, for example your vacation savings product.  In the following screens your member can select everything needed to open the sub account, even adding co-signers and overdraft protection accounts.  

On the final screen the member transfers funds into the new account and clicks “Open.”  The process is completed and the new sub account is ready for use.  

Refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page https://www.cuanswers.com/client_reference_itsme.php for details.  

Members Can View if a Check Has Cleared via Mobile Web Banking

Members can view cancelled checks right from their phone by selecting “View Cleared Checks” on the entry Mobile Web Banking screen.  From there they can either enter a check number to see if that check has cleared.  They can also select a specific checking account to view all checks that have cleared for that account.

By clicking the “Check Front” and “Check Back” buttons, members can view a small graphic of both sides of the check.

Refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page https://www.cuanswers.com/client_reference_itsme.php for details.  

Members Can Update their Personal Information via Mobile Web Banking

Members can update their email address or physical address by selecting “Preferences” on the entry Mobile Banking screen.  The next screen allows them to either view their account details or use the “Edit My Information” button to make a change.

Once the member clicks “Edit My Information,” the fields become input capable so the member can adjust anything that is also shown on the “My Personal Information” page in It’s Me 247 (including code word).  Once the member clicks “Update My Information” the results are automatically synched with the system.

Refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page https://www.cuanswers.com/client_reference_itsme.php for details.  

Members Can Confirm their Device Supports Mobile Web Features

Members can now select the new “Device Compatibility Tests” on the Mobile Web Banking entry screen to view if certain features are supported by their particular phone or mobile device. This was designed to allow the Mobile Web Banking feature set to grow, while still supporting its use on older devices.  

By using this new option, members can quickly find out if their particular phone is the reason they cannot use a feature – resulting in fewer support calls to your credit union!

The Mobile Web Banking programming checks the “user agent string” of the phone, which gives details about its compatibility with certain features.  This list will be expanded as additional features are added to Mobile Web Banking.

If the feature is supported, the member will see a green check (as shown to the right).  If the feature is not supported, a crossed-out red circle will appear.  

Refer to the “Mobile Web Banking” booklet available under “M” on the It’s Me 247 Reference page https://www.cuanswers.com/client_reference_itsme.php for details.  

Lending

Be sure you don’t miss the new Mobile Web Banking loan application that will affect your lending department.  Members can also now view rate boards via their phones.  

Lender*VP forms is offering two new custom loan forms to its credit unions with the CU*BASE 14.0 release.  With these changes, a new “No Score” page will automatically print (with both the updated and new form) indicating that a credit score is not available.  

Thanks to the cooperative resources of the network, these forms are available at prices well below market average, and one may even be free to your credit union!  

New! Consumer Price You Pay for Credit form

First we have embedded the new “No Score” form into the existing “Reg V Price You Pay for Credit” form to build a new “Consumer Price You Pay for Credit” form.  

Once the configuration changes are made, the system will be smart enough to determine whether the member has a credit score on file and will print the extra “No Score” form if necessary.

“If you are using the current “Price You Pay for Credit” form this is something your loan department definitely should ask for.  If you are using a different vendor for this form, our prices are so competitive that now is the time to switch to our form.”  Jim Vilker, Vice President of Professional Services

New! Real Estate Price You Pay for Credit form

In addition to the fields in the Consumer version, the new “Real Estate Price You Pay for Credit” form contains an additional section including “key factors that adversely affected your credit score.”  This section was added to be in compliance with the model form found in the regulation.  As with the new Consumer form, the system will determine (based on the availability of a credit score) whether the new “No Score” form will print.

CEO/Management

Patronage Comparison Dashboard (“Active Beta”) – Compare Two Segments of Your Members on Patronage and Activity

Back in October 2013, we introduced the Targeted Tiered Services Dashboard, which allows you to analyze the participation of a specific segment of your membership by Tiered Service score. With the new Patronage Comparison dashboard, you can compare two segments of your membership to see how they measure up to each other with respect to their activity and patronage.

Think of all the questions you might ask using this new dashboard!

Access the new Patronage Comparison dashboard via NEW! Patronage Comparison on the Management Processing/Active Beta Tests (MNMGMT) menu.

Set up your two population segments using a variety of parameters. Enter to see how your two groups compare in terms of their transaction activity for designated transaction origins. And drill down further into a transaction origin to see further analysis on the comparison of the two groups, including their respective patronage. You can even select one of the comparison groups and jump straight into the membership or account analysis.

Credit Score History Dashboard (“Active Beta”)

The Credit Score History dashboard gives you a new opportunity to both create a segment of the population to contact based on credit score history, and to analyze your entire credit report portfolio to see what percentage is improving their scores, worsening, and more.

This is an extremely powerful tool with many uses:

Access the new Credit Score History dashboard via NEW! Credit Score History Dshbrd on the Management Processing/Active Beta Tests (MNMGMT) menu.

Quickly generate a list of individuals for which a credit report has been pulled based on a variety of criteria. This list can then either be exported for use with Member Connect or analyzed to give a deeper understanding of your portfolio. For example, you can see what percentage of the credit reports were converted to loans and the average number of days it took to go from pull to close.

 Allowed Months for Default Stop Payment Purge Date Increased

Currently, the maximum number of months you can enter in the Purge Stop Payment Records field on the Teller and Member Service Workflow screen is twelve months.  This screen is accessed via Workflow Ctrs: Teller/Mbr Svc on the General Configuration 1 (MNCNFC) menu, and this field determines the default date that tellers see when they enter a stop payment.  Although a teller can always manually enter 99999 (never purge) when creating a stop payment request, the current configuration only allows the default purge date to be a year from the current date.  

With this release, the configuration screen will now accept a number up to 99 months, meaning that the date presented to tellers can be over eight years from the current date.

EFT

Coming Soon! Multiple Card Numbers per Credit Card Loan Account and Special Stock Code Handling for ATM/Debit and Credit Cards

We are in the process of authorizing vendors to allow for more than one credit card number per loan account (allowing multiple PANs).  Another enhancement in the development will allow credit unions to have special stock handling, including raised embossing or not (for credit cards) and the ability to select that a special design be printed on to white card stock (for ATM, debit and credit cards).  More details will be available as certification procedures are completed with specific vendors.

Enhancement to Credit Card Ordering and Authorized Users

The changes mentioned previously will have a small effect on a few credit card ordering screens.  More details will be sent in a separate announcement.

Accounting/Back Office

Additional Fields Added to the G/L History (GLHIST) file

When journal entries are posted via Create/Post Journal Entries on the General Ledger (MNGELE) menu, the user name, employee ID and workstation of the person posting the batch will now be captured and stored in the G/L history file (GLHIST).  This will allow for better auditing of G/L activity as well as more flexibility in how the JE ID can be used to identify batches.   

At the present time, the only way to access these new fields is to run a Query on the GLHIST file.  For the journal entry batch (JEID), select the field names GHWRKSTN, GHUSRNAM or GHEMPLID. We will be monitoring how these added fields are used in credit union research and plan to include them on a general ledger related dashboard or report in the future.

File Expansion Project (FEP) Preparation

New Query Report Helps You Prepare for FEP

Start your preparation for the File Expansion Project (FEP) by deleting unneeded Queries in your Query library.  The new Query Analysis Report, accessed via Query Analysis Report on the Report Builder 1 (MNQURY) menu, can assist you with determining the last time a Query was viewed or printed, who created the Query and the files included in the Query.  (It does not record if a Query was simply run to generate a file, however.)

This will assist you with determining if a Query is not used and whether it can be deleted and to evaluate which Queries will be affected by the changes coming with the FEP project.  

Refer to the AnswerBook for more information, keyword: FEP.

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#Whats_New_Archive_06_14.htm