Minister's Forerword
Introduction
Credits
Acknowledgements
CR2
PROJECT OBJECTIVE
DEVELOP WEB AND WAP ENABLED SOFTWARE FOR CREDIT UNIONS
CR2 Ltd is a purpose built company, created specifically to design and build the innovative quality software essential to make Internet banking an immediately functional and secure reality. Based in Dublin, CR2 is run by high experienced banking software professionals. A dedicated Research & Development team ensures high quality modern software meeting the current needs of banks and anticipating change in the rapidly changing Internet world. CR2’s stated aim is to become the leading supplier of quality network banking systems around the world.
Business Case for e-Commerce Infrastructure Project
The objective of this project was to build a product, called E-credit. E-Credit is designed for Irish credit unions. These are not-for-profit mutually owned financial institutions.
Many of Ireland’s credit union members use their credit union instead of a bank and do not always also operate a bank account. The objective in developing E-Credit was to allow credit unions to offer their services over the Internet and WAP-enabled phones. Credit unions are typically small, staffed partly by volunteers and short of technology skills. Few could afford the costs associated with major technology projects. E-Credit would be based around the core module of BankWorld, CR2’s flagship product, of which the installation and integration costs would be excessive for credit unions.
E-Business Solution
E-Credit was successfully developed and is now ready for implementation. E-Credit’s end-to-end technical infrastructure will enable credit unions to immediately roll out their services over the Internet. It incorporates software, training materials, pre-built website and relevant documentation, thus ensuring the cost and installation time-frame for credit unions is kept to a minimum.
E-Credit enables credit unions to offer a full range of services over the web, including:
- Review of savings balance and transactions
- Review outstanding loans and transactions
- Review available funds for draw down
- Apply for a loan
- Apply for other products offered to credit union member at discount (e.g. insurance)
- Exchange messages between customers and credit union.
E-Credit is also WAP-enabled.
E-Credit provides significant benefits to the credit unions and their customers by allowing 24 x 7 remote access to account information at a very competitive cost. Further, E-Credit technology allows credit unions to broaden the scope of their service offering.
Who Will Benefit from these e-Commerce Infrastructure Development?
Credit Unions and their members
CR2 Ltd
Ballymount House
Parkway Business Centre
Ballymount Cross
Dublin 24
Tel: (+353) 1 456 9677
Email: info@cr2.ie
www.cr2.ie