Share One, Inc. | August 2020
NSHome and NSMobile Reporting Suite
During the COVID-19 pandemic, credit unions are seeing an increasing number of members utilizing their online services. With increased utilization comes an increase of potential fraud and subpoenas from authorities requesting information for active cases of identify theft.

This has been especially true over the past couple of weeks. Multiple clients have requested login data and activity from members' accounts who have reported fraudulent activity either to the credit union or to authorities. Share One has compiled a list of six NSQuery reports to assist in gathering this information. Along with the SecureAuth visualization reports located in the NSReport section of the Customer Portal, clients can run these reports to supply data in an easy-to-read format as needed.

Click here for the full article.
Changes to Tax Reporting for 2020: 1099-MISC and 1099-NEC
The PATH Act accelerated the due date for filing Form 1099 that includes nonemployee compensation (NEC) from February 28 to January 31 and eliminated the automatic 30-day extension for forms that include NEC. Beginning with tax year 2020, use Form 1099-NEC to report nonemployee compensation.

Due to the creation of Form 1099-NEC, Form 1099-MISC has been revised and box numbers for reporting certain income have been rearranged. Changes in the reporting of income and the form's box numbers are listed below:

  • Payer made direct sales of $5,000 or more (checkbox) in box 7.
  • Crop insurance proceeds are reported in box 9.
  • Gross proceeds to an attorney are reported in box 10.
  • Section 409A deferrals are reported in box 12.
  • Nonqualified deferred compensation income is reported in box 14.
  • Boxes 15, 16, and 17, report state taxes withheld, state identification number, and amount of income earned in the state respectively.

Click here for the full article and instructions for Forms 1099-MISC and 1099-NEC.

For the latest developments, such as legislation enacted after they were published, click here for 1099-MISC and click here for 1099-NEC.
Employee News
Elena Martignon has been promoted to Director of API Development. Elena started with Share One as an intern while getting her Master's Degree in Graphic/Digital Design at the University of Memphis. Once settled with her family, Share One hired Elena full-time to work in the Web Department where she has excelled over the past five years.

Her latest projects include the design of the Customer Portal, New Members Profile, and many of the Share One client websites. Elena also has UI/UX Design and Development certificates, including CODE IN PLACE from Stanford University, Stanford CA - Spring 2020. Elena is very excited and looks forward to working closely with our credit union clients in this new role.
SYNC 2020: Together Toward Tomorrow
Virtual Edition - October 20, 2020
Our “physical” conference at the Peabody in Memphis is postponed until October 2021, when we hope to clear the hurdle of the current pandemic.
 
Our first ever “virtual conference" will deliver a webinar designed to network, share, and learn with SYNC 2020 – Together Toward Tomorrow.

We will have more information and registration soon.
Give Your Members NSNotify so CU Alerts Stand Out
Member Alerts via SMS, Voice, and Push Notifications
Our new optional, add-on service, NSNotify, takes your NSHome and/or NSMobile member alert notifications to the next level!

Your current member alert notices which are set to email your members when certain or special criteria occur on their accounts, such as "checking account balance less than $100" or "a new deposit was made to your share draft," are now available to send via SMS text or voice message, and/or as a push notification.

Members will love the added flexibility, speed, and new way to stay on top of their finances with this service.

In order to take advantage of NSNotify, your credit union must have NewSolutions 9.2.5 (or newer) and NSHome 2.19 in production.

Contact your National Account Executive, Michael Curtis, Laura Stewart, or Eric Conrad with questions and to get started with NSNotify.
Regulatory Guidance and Compliance
Educational Services Webinar Schedule
All Webinars are free, recorded, and
available on the Customer Portal.

Live Webinars listed below are in Central Time.
Release Notes
A special note about Release Notes!

Release notes are an active document that we update as new versions are released. The release notes with version 9.2.5 contain updates for all additional versions for available upgrades. The Table of Contents will list each version and contain that version's specific details making Release Note changes easier to identify and keep them centrally located.
  • Major program enhancements include FICS, Contact Management, Password Hashing, and Member Profiles.

  • Additional enhancements include Appearance, Batch, CD Secured VRL, Delinquency History Update, Dormancy, EFT Notification Enhancements, Enterprise for EFT Endpoint Definition, Insurance Automation, Loan Origination, Insurance, Teller, and Add-On Products.


Disaster Recovery Test Schedule
Quick Links
Share One, Inc. | 800-888-0766 | moresolutions@shareone.com | www.shareone.com