Elavon, FNC Agreement Supports HVCC Compliance

, a wholly owned subsidiary of US Bancorp and a global card acquirer, has [u][link=http://www.elavon.com/acquiring/news-events/press-releases/20090913.aspx]signed[/link][/u] a three-year agreement with FNC Inc., a technology company offering solutions for the mortgage industry. The agreement provides credit- and debit-processing services via a new dashboard functionality offered by FNC in support of the Home Valuation Code of Conduct (HVCC). FNC's Collateral Management System and Collateral HQ technology platform manage multiple vendor relationships throughout the lending process. Elavon's solution enables FNC's lender clients to deliver a credit/debit payment feature on their dashboard, enabling them to more efficiently collect and pay vendor fees, the company says. SOURCE: [link=http://www.elavon.com]Elavon

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