Press Release
CUBUS Solutions Enhances Its Online Banking Products with Industry leading Funds Transfer Solution
Credit Union Members Benefit from a Single Point-of-Access for Multiple Online Money Transfer Options
LIVERMORE, Calif., Jun 14, 2011
CUBUS Solutions, a leader in online banking solutions for credit unions, announced today that it has launched and added CUTransfers, an online funds transfer solution, to its online banking suite of products. CUTransfers provides a single point-of-access for multiple easy-to-use secure consumer transfer routes, including account-to-account (A2A) transfers and person-to-person (P2P) transfers.
CUTransfers allows credit union members to easily and safely manage their finances online without the hassle of personal checks or cash exchanges. The implementation meets increasing consumer demand for simple and secure online money movement options, and is core agnostic. CUTransfers is flexible and able to rapidly evolve in response to changing consumer demand.
"Today's consumers want more comprehensive tools when it comes to online funds transfers, and we wanted to complement our existing product suite with a fast, convenient, and secure solution," said John-Ashley Paul, CEO of CUBUS Solutions. "CUTransfers enables us to meet this need, while it enables credit unions to respond to this growing demand from consumers who want to easily and safely move their money online to anyone at anytime."
The CUBUS transfers solution is the most convenient and cost-effective solution for credit unions. It lets their members transfer funds between any two bank accounts and send or receive payments. CUTransfers offers multi-level security including enhanced fraud mitigation, and account verification, using the micro deposit and withdrawal verification process.
"It's a constant challenge for us to find better ways serve our members especially in the area of convenience," said Regina Clarin, payments manager for $868 Million IBM Southeast Federal Credit Union in Boca Raton, Florida. "Debit and credit payments were a particular area that we were looking to take online as we have members spread out throughout the country and branches in just three states. CUTransfers replaced a highly manual process for us and allowed us to make online transfers a convenient self-service offering to members."
Product features include:
- Multi-functional payment tool
- Secure and immediate transactions
- Transfer between bank accounts
- Send or receive payments
- See new revenues from online funds transfers
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About CUBUS Solutions
CUBUS Solutions, headquartered in Livermore, CA, is a software company that provides expert cost-saving and green business applications to Credit Unions helping them better serve and retain their members through innovative service offerings, more efficient and cost-effective operations, and creative membership programs. The company has a suite of software solutions specifically for Credit Unions which additionally include Member Notifications, Points Management and Loyalty Checking solutions. CUBUS Solutions, which is privately held, was founded in 2006 by a group of long time industry professionals who previously worked as a team at a well-known Credit Union core system provider. For more information visit www.CUBUSSolutions.com.