Mandate Review

Mandates – What are they?

Network vendors in the card processing marketplace deliver important communications to their clients and data processors that can contain required programming changes and important information, sometimes with short deadline dates. These are referred to as “Mandates”.

Mandates can be a result of regulation changes, VISA/MasterCard rules, or improved processing or changes from the EFT vendor. We want to keep you updated on how our priorities are set and changes that are forced into those priorities for platform compliance.

We use communications from the EFT vendors delivered through our  ‘Mandate” delivery channel or directly from you! We appreciate the time you take to insure we are up to date on these requirements!

Please forward these communications to the SettleMINT EFT Team at eftsolutions@cuanswers.com so we can keep everyone informed!

We appreciate your input.

Questions can be sent to settleminteft@cuanswers.com

Updated
February 13, 2018

Reminder: Update to Processing a Letter of Indemnification for Payveris Clients

Reminder: Update to Processing a Letter of Indemnification for Payveris Clients

After some analysis on the processing of Letter of Indemnification (R06) requests to assist with combating fraud, Payveris’ ODFI has found that those credit unions implementing PayWatch were able to significantly reduce losses associated with fraudulent transactions.  Additionally, they have found that only ~3% of all Letter of Indemnification (R06) requests resulted in a recovery… Read more »

Aug 27, 2019

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

As announced earlier this summer, Payveris will be updating the look for member information screens in PASS.  Originally, this update was scheduled to occur at the end of July but has since been rescheduled for Wednesday, August 28th.  This update will include screen changes to the View Member PIN dashboard and the View Member Payments… Read more »

Aug 26, 2019

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

As announced earlier this summer, Payveris will be updating the look for member information screens in PASS.  Originally, this update was scheduled to occur at the end of July but has since been rescheduled for Wednesday, August 28th.  This update will include screen changes to the View Member PIN dashboard and the View Member Payments… Read more »

Aug 20, 2019

Update to Processing a Letter of Indemnification for Payveris Clients

Update to Processing a Letter of Indemnification for Payveris Clients

After some analysis on the processing of Letter of Indemnification (R06) requests to assist with combating fraud, Payveris’ ODFI has found that those credit unions implementing PayWatch were able to significantly reduce losses associated with fraudulent transactions.  Additionally, they have found that only ~3% of all Letter of Indemnification (R06) requests resulted in a recovery… Read more »

Aug 6, 2019

CU*Answers assisted GR Consumers Credit Union in converting their credit card portfolio into CU*BASE

The CU*Answers SettleMINT EFT Team converted 984 credit card loans for GR Consumers Credit Union to the CU*BASE online credit card platform. GR Consumers Credit Union, located in Wyoming, MI, brought their credit card portfolio in-house. “Credit Unions moving to the online credit card platform, typically see a 35%-45% overall savings and it allows the […]

Jul 17, 2019