Core Data Processing Functionality Sample Clauses

Core Data Processing Functionality. You will be creating and offering a new product. Because the Lucky Savers product is, at its core, a share certificate, you should model the new account structure within your core data processing and subordinate support systems. The most significant system requirements of the Lucky Savers account product include the ability to: Create a unique share certificate account with unlimited deposit capacity Allow the share certificate account to automatically renew after each 12 month period so that members retain the same certificate account/share ID Invoke a $25 penalty for the first withdrawal before the 12-month certificate period ends and close the account upon the second withdrawal Transfer funds into the account automatically and on an “as-requested” basis, as directed by the account holder and easily change the amount of an automatic transfer Generate a consolidated deposit account statement detailing each of an individual’s deposit accounts and his or her transactions Allow account holder access to account balances and deposit activity via remote access channels If capability exists, automate pop-up messages to remind credit union staff to discuss the product with account holders/targeted members