Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that Credit Union Central of Manitoba has selected a suite of Metavante document design and archival solutions to create, customize and digitally store monthly check image statements and offer eStatements delivery for Manitoba credit unions.
Credit Union Central of Manitoba is the trade association and primary service provider for Manitoba's 48 credit unions, which have 181 branches, $14 billion in assets and 560,000 members in the Canadian province. Manitoba credit unions are full-service financial institutions, offering all manner of deposit, loan and mortgage products.
Metavante is providing Credit Union Central of Manitoba with a full suite of CSF Designer products to design monthly member statements and provide postal optimization. This range of product capabilities provides Credit Union Central of Manitoba with an innovative print-production process that improves operational efficiencies and reduces mail processing costs, while offering new opportunities for Manitoba credit unions to create personalized communications to better connect with their members.
Credit Union Central of Manitoba will also be deploying Metavante's VisionContent:Reports solution to digitally store monthly statements for every credit union and streamline back-office research inquiries by enabling quick retrieval of check image statements. With new eStatement capabilities, Manitoba's credit unions will offer members faster delivery and the convenience of online storage and access to past statements.
"Metavante's CSF Designer products combine personalization and distinctive output options with complete postal pre-sort processing to enhance deliverability and reduce postage costs. This solution will help our credit unions better utilize member information to improve operational efficiency and achieve better business results," said Wilson Griffiths, division manager, Banking & Payment Services, Credit Union Central of Manitoba.
The CSF Designer solution is a customer communications tool for clients around the world in diverse industries from banking and financial services to utilities, insurance, and print and mail service providers. With CSF Designer products, Manitoba credit unions will be able to dynamically embed stored check images within statements, a value-add for members and a means to improve statement read rates. Additionally, Credit Union Central of Manitoba will be able to correct, verify and pre-sort monthly statements prior to printing, thereby ensuring the lowest possible postage for each statement mailed.
"Metavante's CSF Designer products will help Credit Union Central's client credit unions deliver a newly designed member statement, make statements available electronically, reduce postage expenses, improve delivery time and increase return on investment (ROI)," said Paul Danola, president, Metavante Image Solutions.
Metavante Image Solutions provides comprehensive solutions that help institutions and businesses transition from paper to electronic payments and image processing. Solutions that can be delivered in-house or outsourced include distributed capture, check and remittance processing, fraud detection, as well as document and report management. Customers encompass organizations of all sizes from start-up organizations to the world's largest financial institutions and corporations.