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A Note from SettleMINT: Enhanced Batch Maintenance for CO-OP Clients has Arrived!

A Note from SettleMINT: Enhanced Batch Maintenance for CO-OP Clients has Arrived!

Attention Credit Unions using 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 CO-OP’s wallet programs.  Others have reached out requesting to move to the enhanced file so that the cell phone… Read more »

Apr 18, 2022

A Note from SettleMINT EFT: Updates on the 2022 Changes to Visa and Mastercard BIN Requirements

A Note from SettleMINT EFT: Updates on the 2022 Changes to Visa and Mastercard BIN Requirements

As previously announced, effective April 15, 2022, Visa and MasterCard will begin supporting 8-digit BINs. Why is this change occurring?  Essentially, electronic payments are growing.  In the past, 6-digit BINs were sufficient to handle the breadth of industry processing and so processors created systems around the 6-digit BIN.  But with industry growth, 6-digit BINs are… Read more »

Apr 6, 2022

A Note from SettleMINT: Price Increase for Payveris Products and Services Beginning 7/1/22

A Note from SettleMINT: Price Increase for Payveris Products and Services Beginning 7/1/22

Attention Payveris Bill Pay Credit Unions We have recently been notified that, effective July 1st, 2022, Payveris will be implementing a 3% increase on all of their products and services.  Linked here is a document which details the updated pricing for both Online and Self-Processing credit unions.  These price increases will be reflected starting with… Read more »

Mar 28, 2022

Reminder: Increase to Per Transaction Fees Coming to iPay February 2022

Reminder: Increase to Per Transaction Fees Coming to iPay February 2022

Attention credit unions using iPay bill pay As a reminder, effective February 1st, 2022, iPay will be implementing a 3% increase on their per transaction fees.  Following this increase, these fees will become $0.675 per transaction.  These price increases will be reflected starting with your March 2022 invoice. If you have any questions, please reach… Read more »

Feb 1, 2022

2021 Year-End Online Credit Card Scorecard

2021 Year-End 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 »

Jan 6, 2022