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 Pathways Financial CU in converting credit cards to CU*BASE

The CU*Answers SettleMINT EFT Team converted 228 credit card loans for Pathways Financial Credit Union to CU*BASE’S online credit card platform. This conversion brings over the Whitehall portfolio that Pathways acquired in their merger and combined with their current online portfolio. ”A major benefit for credit unions moving to the online credit card platform is […]

Jun 2, 2022

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