Fern's iConnect innovative technology allows all participating
Credit Unions to work together seamlessly and to offer member
payments and receipts services well beyond any existing Credit
Union branch network.
Credit Unions can now securely process transactions with each
other in real time through a centralised server. When connected
through a correspondent bank the credit unions can access the bank
clearing system, to make third party payments and lodgements. (N.B.
The computer system being used by the Credit Union need not be from
Fern, but will require some minor
modification by the existing supplier. For ILCU Credit Unions,
iConnect will run on ILCUnet.)
Running on a low bandwidth and inexpensive PC or notebook,
iConnect Users now have access to services which have traditionally
only been available through a bank branch network.
iConnect has been designed to meet international standards (ISO
8583) and according to the principles of usability, integrity
scalability and security. There is a user friendly interface which
helps to minimise training requirements and ensures efficient use
of the system.
