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

A Note from SettleMINT: Understanding Vendor Requirements for Card Number Update Projects

A Note from SettleMINT: Understanding Vendor Requirements for Card Number Update Projects

In 2018, we sent a notification that we were working on an upcoming mandate (Visa Account Updater/Account Billing Updater) that would allow for credit unions to select old card numbers when replacing a new card.  During the process, we have discovered that each vendor required something different, and that our understanding of each vendor’s requirements… Read more »

Jun 18, 2020

Join Us for a Review of Recent Brute Force Attacks on ATM & Debit Card BINs

Join Us for a Review of Recent Brute Force Attacks on ATM & Debit Card BINs

On Presidents Day 2020 and during the weeks that followed, several CU*Answers clients experience brute force attacks on their ATM and debit card BINs.  The losses suffered were, in some cases, up to six digits.  This prompted the AuditLink and SettleMINT teams to take a deep dive and research how they happened as well as… Read more »

Jun 16, 2020

CU*Answers assisted Empire One Federal Credit Union in converting their credit card portfolio into CU*BASE

The CU*Answers SettleMINT EFT Team converted over 1,500 credit card loans for Empire One Federal Credit Union to CU*BASE online credit card platform. Empire One Federal Credit Union, located in West Seneca, NY, brought their credit card portfolio in-house. “A major benefit for credit unions moving to the online credit card platform is that their […]

Jun 4, 2020

CU*Answers assists AdventHealth Credit Union in converting credit card portfolio into CU*BASE

The CU*Answers SettleMINT EFT Team converted 1,439 credit card loans for AdventHealth Credit Union to CU*BASE online credit card platform. AdventHealth Credit Union, located in Altamonte Springs, FL, brought their credit card portfolio in-house. “This will provide benefits to members like allowing them easier real-time access to their available funds including real time payments,” said […]

Mar 30, 2020

CU*Answers launches person-2-person, fully integrated and native offering by Payveris for Building Trades Federal Credit Union

CU*Answers and Payveris, have partnered to provide a fully integrated Person-to-Person (P2P) payment experience for credit unions and their members. This is a standalone P2P offering that allows members the freedom to pay anyone. This service can be used in both It’s Me 247 online and mobile web banking. Building Trades Federal Credit Union became […]

Mar 26, 2020

CU*Answers assists H.P.C. Credit Union in converting credit card portfolio into CU*BASE

The CU*Answers SettleMINT EFT Team converted 1,227 credit card loans for H.P.C. Credit Union to CU*BASE online credit card platform. H.P.C. Credit Union, located in Alpena, MI, brought their credit card portfolio in-house. “One benefit for credit unions moving to the online credit card platforms is that their members are allowed to make real time […]

Mar 16, 2020