Wescom Resources Group (WRG) announced today its partnership with OFX (Open Financial Exchange) solution provider Innovision Corporation. The partnership provides for the integration of Innovision’s OFX protocol solution, Innovision Financial Server, with WRG’s home banking platform. As a result, credit unions will be able to streamline the exchange of member account information over the Internet.
"This partnership broadens the availability of the OFX solution used by some of the world’s largest financial services companies to a larger group of credit unions," Innovision Chief Executive Officer Bill Cary said. "OFX services will be delivered with ease through WRG’s online banking platform and with the proven dependability of the Innovision Financial Server.
"Wescom Credit Union is well respected within the credit union community. This partnership improves our ability to reach more credit unions that want to offer OFX services to their members with the advantages of WRG’s home banking platform," Cary added.
WRG President Kevin Sarber sees the partnership as benefiting WRG’s credit union clients.
"WRG’s partnership with Innovision makes it more compelling for credit unions to adopt online financial services," Sarber said. "Providing our clients with OFX capabilities gives them another online channel to help members manage their accounts online. We look forward to a long and prosperous partnership with Innovision."
OFX is a unified specification for the electronic exchange of financial data between financial institutions, businesses and consumers via the Internet. It is designed to support a wide range of financial activities including consumer and small business banking; consumer and small business bill payment and investments transaction download, including stocks, bonds, and mutual funds.
INNOVISION CORPORATION provides software technology that simplifies the exchange of information for the financial services and healthcare industries. Innovision is widely recognized for its high-performance, scalable, and cost-effective solutions based on industry-standard and enterprise developed protocols. Innovision products are currently deployed at innovative healthcare and financial institutions. American Express, Fidelity Investments, Mount Sinai Hospital, Patelco Credit Union, Scottrade and US Bank are among the many clients that have realized the unmatched performance, usability and security gains of Innovision products.
WESCOM RESOURCES GROUP is backed by Wescom Credit Union. Wescom is one of the nation’s largest credit unions with nearly $3 billion in assets and over 240,000 members. WRG provides credit unions with reliable, competitive and timely software solutions and services. Services provided include Symitar (Episys™) Hosted Service Bureau Processing, ATM Deposit Balancing, Item Processing and Disaster Recovery Services. Software Solutions include Home Banking & BillPay, Automated Lending Solution, eStatements, eAlerts, Online Membership Application, and more. WRG provides credit unions with all the benefits of today’s technology, leaving financial institutions free to focus on their core financial offerings.