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

CU*Answers assists Madison County Federal Credit Union in converting their credit card portfolio into CU*BASE®

The CU*Answers SettleMINT EFT team converted 1,329 credit card loans for Madison County Federal Credit Union to the CU*BASE online credit card platform. Madison County Federal Credit Union, located in Anderson, IN, 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 […]

Mar 28, 2019

CU*Answers announces Melissa Robinson as new manager for SettleMINT and Conversions teams

West Michigan-based cooperative CUSO, CU*Answers, is pleased to announce that Melissa Robinson has accepted the role of Managed Services manager. This new role will include Melissa overseeing both the SettleMINT EFT and Conversion teams. Melissa has an extensive background with CU*Answers starting in the Client Services team in 2000 then transitioning to the Conversions team […]

Jan 18, 2019

A Note from SettleMINT: New Batch Maintenance Report Arriving January 22nd

A Note from SettleMINT: New Batch Maintenance Report Arriving January 22nd

On Tuesday, January 22nd, we will be launching a new batch maintenance report.  This new report, LXMTPAN1B, will automatically be routed to your DAILYxx outq and CU*Spy.  Your first report will be available on Wednesday, January 23rd. The LXMTPAN1B report will be created with each successful transmission of batch maintenance.  Please review this report daily… Read more »

Jan 17, 2019

A Note from SettleMINT EFT: P2P Review

A Note from SettleMINT EFT: P2P Review

CU*BASE credit unions around the country have reported similar cases of someone using a member’s online banking credentials to initiate P2P payments via Payveris online bill pay.  These cases are similar in detail as the perpetrator(s) are logging in successfully with the member’s credentials, or changing the member’s email address before initiating a payment.  The affected members could become aware… Read more »

Dec 10, 2018