Happy 50th birthday to the ATM

The first ATM opened for business on June 27, 1967 at a Barclay’s Bank branch in Enfield, North London. This machine was the first of six cash dispensers commissioned by Barclay’s Bank. John Shepherd-Barron, a Scotsman was credited with inventing the automated teller machine in the 1960s, although inventors from across the globe were working simultaneously to produce a viable …

Top "ROM" Scoring CU's Use OpCon

In 1996, the credit union research and consulting firm Callahan & Associates developed a scoring system for measuring a credit unions’ “Return on Member” (ROM). According to Callahan, Upon further investigation into how ROM is measured, it’s no surprise to us that most of the >$1B credit unions earning Callahan & Associates’ highest ROM scores automate their environments with OpCon …

Josh Higgins to Present During CUNA Tech Webinar

The Tech Council Oscars: Great Ideas from the Excellence Awards   Last October, Digital Federal Credit Union (Digital FCU) was named a 2016 Excellence in Technology Award Winner for their use of SMA Solutions’ predictive analytics solution Ascern. The credit union won for their submission titled “Digital FCU’s Deployment of Ascern, a Predictive Analytics Tool from SMA Solutions.” The credit …

Same Day ACH

Same Day ACH – Automation to the Rescue

The second phase of implementation will occur in September of 2017 and will enable same-day settlement of debits. Are you ready?

Find out how automation can help you get there.

Synergent SMA Solutions OpCon

Synergent Processes 100 Million Automated OpCon Jobs

Westbrook, Maine, October 17, 2016 –This past weekend, Synergent ran its 100 millionth automated job using SMA Solutions’ OpCon software. The milestone is momentous. It underscores Synergent’s distinguished success serving the core processing needs of 69 credit unions that use the Symitar Episys system in Synergent’s Data Center. Synergent first partnered with SMA to implement OpCon in September of 2005. …

Digital Federal Credit Union Named a CUNA Tech Council 2016 Excellence in Technology Awards Winner

Las Vegas, Sept. 29, 2016 – Digital Federal Credit Union (DCU), a $7.1B credit union headquartered in Marlborough, Massachusetts, was today presented with an Excellence in Technology Award at the 21st Annual CUNA Technology Council Conference. The credit union was recognized for its deployment of Ascern, a monitoring and predictive analytics tool from SMA Solutions of Houston. The credit union …

Still Manually Processing ACH? You'll Fail in Today's Same-Day Market

The payments business model has changed drastically over the last 10 years. Thanks to new rules, credit unions face increased compliance and expectations from regulators. New payment methods, especially mobile, have also resulted in higher consumer expectations. Embracing new Same-Day ACH requirements can help credit unions meet those consumer expectations, but trying to stay compliant using manual processing is setting …

Same Day ACH is Almost Here

Things today move faster than ever before, so it’s no surprise that NACHA is changing the way ACH processing is handled. As of Sept. 23, financial institutions will be required to adhere to a new set of rules regarding ACH processing, known as the “Same Day ACH” rule. Many financial institutions still download and process ACH manually every morning. With …

Frandsen Financial chooses OpCon

Frandsen Financial, a bank located in Arden Hills, Minnesota, was having difficulties keeping up with processing ACH payments, with bank employees spending almost two hours each day manually entering large batches of files. According to Dave Buggeln, director of information systems at Frandsen Financial, the process was slow and “prone to error”. In an effort to keep up with the …

SMA Solutions Takes First Place at CUNA Tech Council Conference 2015

Company Showcases Ascern, Its Real-Time Predictive Analytics Tool SMA Solutions, a leading international provider of transformative IT automation and business analysis tools for data centers of all sizes, today announced that the company was presented with a first-place award for its product demonstration during the Speed Round competition at the recent CUNA Technology Council Conference in Orlando, Fla. Spanning three …

CU Today discusses Ascern

SMA Solutions, a provider of IT automation and business analysis tools for data centers, has announced the general availability of its Ascern analytics tool. From CU Today regarding SMA Solution’s recent Ascern announcement: “In keeping with the spirit of the company’s flagship OpCon IT automation product, Ascern is one tool that can do the work of many, monitoring virtually any system …

SMA Solutions Introduces Advanced Analytics Tool for Credit Unions

SMA Solutions, a leading international provider of transformative IT automation and business analysis tools for data centers of all sizes, today announced the general availability of its Ascern™ analytics tool at the CUNA Governmental Affairs Conference. In keeping with the spirit of the company’s flagship OpCon IT automation product, Ascern is one tool that can do the work of many,monitoring virtually any system …

How Automating 70% of DP Workload is Allowing One CU to Do More with Less

BURBANK, Calif. — By looking outside its IT and data-processing department, Logix Federal Credit Union automated nearly 70% of its data processing workload. Prior to partnering with the Kingwood, Texas-based SMA Solutions (SMA stands for Software & Management Associates) in August 2013, Logix FCU had only managed to automate 35 processes. “With the continued growth and need for more IT …