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August 21, 2008

SACU selects Online Resources account opening service

Online Resources, a provider of web-based financial services, has announced that San Antonio Federal Credit Union has signed a multi-year agreement for online account opening service with its Community Bank & Credit Union Services unit.

By CBR Staff Writer

The account opening service is an end-to-end system that enables new members to enroll through the web. San Antonio Federal Credit Union (SACU) chose the service because it provides another tool for acquiring new members and cross-selling services to existing members, while at the same time saving valuable processing time and costs.

The account opening service performs instant identity verification via connections to multiple credit reporting agencies, Office of Foreign Assets Control and other third parties. Real-time host system integration eliminates redundant data entry and paperwork by staff members. In addition, the service’s decision rules engine drives intelligent cross-sales. All approved accounts can be funded online.

 

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