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CU*Answers invests in My Virtual StrongBox® for clients
GRAND RAPIDS, MI (May 12, 2015) — CU*Answers, the West Michigan-based core data processor, has agreed to purchase Virtual StrongBox services for the over 200 credit unions utilizing its CU*BASE® processing system nationwide. CU*Answers will provide every credit union, free of charge, with virtual storage space for members to store various documents in an electronic safety deposit box. CU*Answers says this service will immediately enhance the overall processing and online banking experience for both its client credit unions and the over 1.7 million members they serve.
Earlier this year, CU*Answers introduced the integration of My Virtual StrongBox with It’s Me 247 Online Banking, allowing members to store their personal documents without having to leave online banking. As part of a three-way partnership between CU*Answers, eDOC Innovations, and Virtual StrongBox, the organizations are developing a mechanism for the secure delivery of documents, such as e-receipts, directly from the CU*BASE core platform to the member’s electronic depository. The member will then be able to retrieve those documents via the It’s Me 247 Online Banking system in an SSO environment.
John Beauchamp, Imaging Solutions Manager said, “The benefits of this service are significant. Members now have a trusted way to protect their important documents from accidentally being lost or destroyed, and being reassured at having immediate access to these documents in a secured environment offered by their credit union rather than an unknown cloud based solution. Since access is provided directly through their existing It’s Me 247 Online Banking account, no separate authentication is required. For the credit union, this represents a differentiator for helping serve, retain and attract new members. We believe this is going to be a real winner!”
CU*BASE clients desiring a deeper, more encompassing solution will be able to contract with Virtual Strongbox for additional services, including licensing additional storage space for credit union members to securely store and retrieve personal documents such as wills, trusts, medical records and photos. They added this solution also provides credit union branding options, user/ administrative dashboard tools and much more.
About CU*Answers, Inc.
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE®processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 1.7 million members and $15.7 billion in credit union assets. For more information, visit www.cuanswers.com.
About Virtual StrongBox, Inc.
Virtual StrongBox, Inc. is known for protecting personal data the “financial institution way,” and provides banks, credit unions and other organizations a host of automated file exchange and file storage services. With patented “encrypted-at-rest” document storage, secure forms, push & pull file exchange, and e-signature capabilities, Virtual StrongBox stands apart in helping financial institutions automate processes, reduce manual intervention, enhance client services, and achieve significant cost reductions. Today, 242 clients serving 3.1 million consumers and business owners have access to Virtual StrongBox, and are finding new ways to modernize their technology and reduce workflow costs. To learn more, visit www.myvirtualstrongbox.com or call (704) 817.4588.