Share Enhanced Skip-a-Pay Options with Your Members this Holiday Season

Introduced in the 21.10 CU*BASE release, the new expanded skip-pay program offerings allow members to opt in for a skip-payment program on their credit card loan account.  Previously, credit card loan skip payments were only available via an automated batch process using Tool #317: Credit Card Batch Skip-a-Payment Config.

With this enhancement, you can now configure credit card loan categories for a skip payment program via Tool #820: Skip-a-Payment Program Configuration.  This update allows users to charge a fee for credit card skip payments.  Additionally, these skip payments will be tracked the same as regular consumer loan skip pays (incrementing skips per year and skips per life of loan) and will appear on the Skip Payment History Dashboard (Tool #817) and Skip Pay History Report (Tool #818), along with other consumer loans.

As we move into the holiday season and the new year approaches, we encourage you to share the new skip payment opportunities with your members!

If you have any questions, please contact SettleMINT EFT at SettleMINTEFT@cuanswers.com or via AnswerBook.

Now Available: Online Credit Card Scorecard

Now Available: Online Credit Card Scorecard

Your Online Credit Card Portfolio can generate substantial value to your credit union – everything from interest and interchange income to increased member engagement and retention.  Your online credit card portfolio not only helps to keep the credit union at the top of members’ wallets but is also an extremely visible differentiator, separating the pricing… Read more »

Nov 8, 2021

Share Enhanced Skip-a-Pay Options with Your Members this Holiday Season

Share Enhanced Skip-a-Pay Options with Your Members this Holiday Season

Introduced in the 21.10 CU*BASE release, the new expanded skip-pay program offerings allow members to opt in for a skip-payment program on their credit card loan account.  Previously, credit card loan skip payments were only available via an automated batch process using Tool #317: Credit Card Batch Skip-a-Payment Config. With this enhancement, you can now… Read more »

Nov 3, 2021

Don’t Forget: Learn More About the Enhanced Batch Maintenance File for CO-OP Clients, Arriving January 2022!

Don’t Forget: Learn More About the Enhanced Batch Maintenance File for CO-OP Clients, Arriving January 2022!

Attention credit unions that utilize CO-OP for debit card processing: Some of you have reached out to us requesting to move to the CO-OP APBATCH4 enhanced nightly batch maintenance file and have voiced interest in opportunities for their wallet programs.  Others have reached out requesting to move to the enhanced file so that the cell… Read more »

Oct 26, 2021

CU*Answers announces card randomization and expiration date randomization for card ordering

Cooperative CUSO CU*Answers recently announced an enhancement to card number generation during the ordering process. The 21.10 release of the CU*BASE core platform now supports full card number randomization and expiration date randomization. Credit unions have been expressing their enthusiasm for card and expiration date randomization and the benefits it offers in combating card related […]

Oct 21, 2021

Now Available: Online Credit Card Scorecard

Now Available: Online Credit Card Scorecard

Your Online Credit Card Portfolio can generate substantial value to your credit union – everything from interest and interchange income to increased member engagement and retention.  Your online credit card portfolio not only helps to keep the credit union at the top of members’ wallets but is also an extremely visible differentiator, separating the pricing… Read more »

Oct 12, 2021

FIS and WorldPay Merger: October 2021 Updates

FIS and WorldPay Merger: October 2021 Updates

As you are aware, FIS and Worldpay have merged.  SettleMINT EFT and FIS have been working together on the certification and rollout plan for the emulator/translate program. This email explains the process your credit union will go through to begin processing under this new program. The Plan Your credit union is scheduled to be moved… Read more »

Oct 4, 2021

Now Available: Online Credit Card Scorecard

Now Available: Online Credit Card Scorecard

Your Online Credit Card Portfolio can generate substantial value to your credit union – everything from interest and interchange income to increased member engagement and retention.  Your online credit card portfolio not only helps to keep the credit union at the top of members’ wallets but is also an extremely visible differentiator, separating the pricing… Read more »

Sep 8, 2021