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

Arriving January 2022: Enhanced Batch Maintenance File for CO-OP Clients!

Arriving January 2022: Enhanced Batch Maintenance File for CO-OP Clients!

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 »

Jul 1, 2021

A Note from SettleMINT: Price Increase for Payveris Products and Services Beginning 8/1/21

A Note from SettleMINT: Price Increase for Payveris Products and Services Beginning 8/1/21

Attention Payveris Bill Pay Credit Unions We have recently been notified that, effective August 1st, 2021, 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 »

Jun 24, 2021

A Note from SettleMINT EFT: Changes to Visa and Mastercard BIN Requirements Coming 2022

A Note from SettleMINT EFT: Changes to Visa and Mastercard BIN Requirements Coming 2022

Beginning April 2022, CU*BASE BIN processing will be changing to accommodate a mandate that expands BINs from six to eight digits; this change is being mandated due to a growth in electronic payments. We are currently reviewing our processing procedures to determine what will change on CU*BASE.  To begin, we have created a report for… Read more »

Jun 7, 2021

FIS and WorldPay Merger: June Updates

FIS and WorldPay Merger: June Updates

As you are aware, FIS and Worldpay have merged. Since their merge, FIS and Worldpay have been working on consolidating platforms and determining what the surviving platform will look like. SettleMINT EFT would like to provide an update with what we know now, and what we plan to know in the near future. Read the… Read more »

Jun 2, 2021

Join Us to Learn All About Native Integration for iPay within It’s Me 247

Join Us to Learn All About Native Integration for iPay within It’s Me 247

CU*Answers now offers a native integration for iPay within It’s Me 247 online banking!  This option is available for credit unions who are not on a contract directly with iPay.  This integration allows your members to easily enroll online and perform a variety of services, including adding payees, viewing bills electronically and approving payments in… Read more »

Mar 1, 2021

Join Us to Learn All About Native Integration for iPay within It’s Me 247

Join Us to Learn All About Native Integration for iPay within It’s Me 247

CU*Answers now offers a native integration for iPay within It’s Me 247 online banking!  This option is available for credit unions who are not on a contract directly with iPay.  This integration allows your members to easily enroll online and perform a variety of services, including adding payees, viewing bills electronically and approving payments in… Read more »

Feb 24, 2021

CU*Answers assists Pathways Financial CU in converting credit cards from merger with Incenta CU

The CU*Answers SettleMINT EFT team converted 1,858 credit card loans for Pathways Financial Credit Union to CU*BASE’s online credit card platform. This conversion brings over the Incenta portfolio that Pathways acquired in their merger, and combined with their current online portfolio, brings their total portfolio to almost 9,000 credit card loans. “Pathways continues to bring […]

Feb 19, 2021

Reminder: Presenting the Brute Force BIN Attack Checklist from AuditLink and SettleMINT

Reminder: Presenting the Brute Force BIN Attack Checklist from AuditLink and SettleMINT

On Presidents’ Day 2020 and during the weeks that followed, several CU*Answers clients experienced brute force attacks on their ATM, debit and/or credit card BINs.  The losses suffered were, in some cases, up to six digits.  This prompted Jim Vilker, VP of Professional Services and Heather French, VP of Client Interactions take a deep dive… Read more »

Feb 10, 2021