archives
SecureWorks Warns of Phishing Schemes Using Dual Authentication Signup Process to Scam Bank and Credit Union Customers
Submitted by allcunews on Wed, 11/29/2006 - 10:03pm.ATLANTA, Nov. 29 (www.AllPayNews.com) -- SecureWorks, the largest managed security provider in the financial market providing security to over 1,600 clients nationwide, announced today that it has taken down several phishing schemes which are using the dual authentication signup process to lure banking and credit union customers to bogus phishing websites.
TraceSecurity’s Multi-factor Authentication Solution Interfaces with USERS’ Internet Banking Application for Financial Insti
Submitted by allcunews on Wed, 11/29/2006 - 9:59pm.BATON ROUGE, La.--(www.allCUnews.com)--TraceSecurity announced that TraceAuthenticate, its multi-factor authentication solution, seamlessly interfaces with the PCU Internet Banking solution from USERS Incorporated, a business unit of Fiserv Inc. (Nasdaq: FISV). TraceSecurity is a leading provider of on-demand security compliance management solutions.
River Valley Credit Union earns “A” Online Brand Rating for safeguarding its brands and consumers from ID Theft and Phishing
Submitted by allcunews on Wed, 11/29/2006 - 9:53pm.Miamisburg, Ohio – November 29, 2006 (www.allCUnews.com) – River Valley Credit Union of Miamisburg, Ohio is the first credit union to earn the "A" Online Brand Rating™ from the IP Governance Task Force based on current intellectual property governance standards from the Gramm-Leach-Bliley Act, the National Credit Union Agency and proposed standards from Identity Theft Red Flag rules for safeguarding brands and consumers from corporate id theft and phishing. The firm has successfully implemented the IP Governance operational risk management system. This synchronizes internal controls, regulatory compliance, board reports, privacy and security disclosures, daily monitoring and risk remediation to the "A" Online Brand Rating™. The "A" Rating indicates RVCU has invested in its brands to gain control of confusingly similar domain names, owned by unauthorized parties, and is constantly monitoring to safeguard its brand and consumers from fraudulent domain names and web sites – all forms of corporate identity theft. By safeguarding its brands and information technology systems per federal standards, RVCU’s privacy and security statement is accurate and RVCU has qualified for membership within the portal of www.ProtectingConsumersOnline.com, a service of the IP Governance Task Force.
Discover Network Adds Meijer to Growing List of Merchants Offering Cash Over Purchases Made with Discover Network Cards
Submitted by allcunews on Mon, 11/27/2006 - 11:14pm.RIVERWOODS, Ill.--(www.AllPayCards.com)--Discover Network, a business unit of Discover Financial Services LLC and Morgan Stanley (NYSE:MS), today announced that Meijer Inc., a leading Midwest supercenter, has joined its nationwide Cash Over program. Starting today, Meijer will offer cash over the amount of purchase for customers paying with a Discover Network credit card at all of its 176 locations throughout Illinois, Indiana, Kentucky, Michigan, and Ohio. Discover Network is the first and only payment network to offer a retail point of sale cash access program specifically for credit cards.
Technology Credit Union Gets More by Giving Back
Submitted by allcunews on Fri, 11/24/2006 - 3:54pm.Social Partnerships Benefit the Community and Help Tech CU Penetrate Into New Markets
SAN JOSE, CA -- (www.allCUnews.com) -- November 22, 2006 -- Technology Credit Union (Tech CU), among the top one percent of the nation's largest credit unions, announced today its upcoming partnership with Valley Children's Museum (VCM) of Dublin, California. Tech CU is partnering with Children's Museum in a community outreach effort that is part of the credit union's grand opening celebration of its newest full service branch located in Dublin. Tech CU will donate $10 to VCM for every new account or membership opened at the Dublin center between December 1st, 2006 and January 31st, 2007. The anticipated goal is to donate in excess of $2,000. The Grand Opening Celebration of the Financial Center is scheduled for December 2nd.
Visa International CEO Rodrigues leaves
Submitted by allcunews on Sun, 11/19/2006 - 6:17pm.Visa International said on Friday Chief Executive Christopher Rodrigues has left the organization, one month after he learned he won't run Visa when it becomes a publicly traded company.
Rodrigues, 57, joined Visa International in June 2004 from British mortgage lender Bradford & Bingley Plc (BB.L: Quote, Profile, Research), where he was also chief executive.
America First Credit Union Selects Oracle's Siebel Applications For Fully Automated Teller Solution
Submitted by allcunews on Sun, 11/19/2006 - 6:01pm.Leading U.S. Credit Union Looks to Further Enhance Productivity and Member Service
BAI RETAIL DELIVERY CONFERENCE & EXPO, LAS VEGAS, Nov. 14 (www.allCUnews.com)-- Oracle today announced that America First Credit Union (AFCU), the sixth largest U.S. credit union in membership, has selected Oracle's Siebel applications for financial services as the foundation for a new fully automated teller solution. AFCU will implement Oracle's Siebel Branch Teller to create an integrated teller system for the credit union's 70 branches, with the goal of improving customer service, enhancing productivity and taking advantage of the Check 21 system.
Las Vegas Gaming Employees' Credit Union Bets on Epson for Check Imaging, Check Verification and Receipt Printing
Submitted by allcunews on Tue, 11/14/2006 - 10:05pm.WestStar Credit Union Selects Epson TM-J9100 Check Scanner with Integrated Printer
LONG BEACH, Calif., Nov. 14 (www.allCUnews.com) -- Today Epson, a leading supplier of value-added banking solutions, announced that Las Vegas-based WestStar Credit Union, the gaming employees' credit union since 1975, completed a branch-wide rollout of Epson's TM-J9100, a compact check and ID scanner with integrated check verification and printing that enables imaging at the teller station, dramatically lowering check processing costs and losses due to check fraud. WestStar is using the Epson device to improve document handling, minimize fraud, provide back-up images of checks, and plans to capitalize on the substantial cost-savings associated with Check Clearing for the 21st Century Act ("Check 21") next year.
Corillian releases credit union ASP package
Submitted by allcunews on Tue, 11/14/2006 - 9:59pm.Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, today announced the availability of Corillian Member Advantage, a rapidly deployable online banking solution for credit unions. Corillian Member Advantage provides credit unions of all sizes with a competitively priced online banking experience that offers more control and access to the features and best practices utilized by the largest banks in the country.
NETS Renews and Expands 19-Year Partnership With eFunds
Submitted by allcunews on Tue, 11/14/2006 - 9:47pm.Integrated Solution for EFT Processing and Fraud Detection Delivers New Value to NETS Member Institutions
SCOTTSDALE, AZ -- (www.allCUnews.com) -- November 14, 2006 -- eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced that NETS, Inc. has extended its 19-year strategic partnership with eFunds and renewed its multi-year agreement with the company. In addition, NETS, Inc. has expanded its investment in eFunds solutions, implementing eFunds CONNEX™ 1.5 and eFunds FraudManager to enable its members' customers to have even more reliable access to their funds and transact with greater confidence.
Fraudsters Pocket $3 Billion from U.S. eCommerce in 2006
Submitted by allcunews on Tue, 11/14/2006 - 9:12pm.8th annual CyberSource survey shows automation growing as merchants fight losses
Key take-aways from this year's survey include:
- Dollar losses from eCommerce fraud continue to grow. Fraudsters will siphon approximately $3 billion from U.S. eCommerce in 2006, a 7% increase over 2005.
FundsXpress Leads Industry with Early Implementation and Acceptance of Multi-Factor Authentication Solution to Meet Mandated Gui
Submitted by allcunews on Tue, 11/14/2006 - 8:56pm.FundsXpress Financial Network, Inc., the premier provider of online financial services announced today that 100 percent of its clients have elected to implement the fxSecurity solution to meet new FFIEC guidelines for increased online security. FundsXpress has over 500 client financial institutions nationwide and began offering the fxSecurity solution in June 2006.
TopLine Federal Credit Union Wins Dora Maxwell Award for Social Responsibility for Second Consecutive Year
Submitted by allcunews on Mon, 11/13/2006 - 9:10pm.MAPLE GROVE, (www.allCUnews.com) MINNESOTA — For the second year in a row, TopLine Federal Credit Union has received first place in the statewide Dora Maxwell Award for Social Responsibility. This year’s award recognizes the efforts of TopLine employees in helping the Community Emergency Assistance Program (CEAP), a multi-service, nonprofit agency that serves Twin Cities residents in Brooklyn Center, Brooklyn Park, part of Champlin, and all of Anoka County. CEAP offers a variety of programs to its clients, including two food shelves, a free clothing closet, family loan and transportation programs, Meals on Wheels, a senior chore service program, two back-to-school programs, and holiday toy drive.
Schools Financial Credit Union Employs Cyveillance Online Risk Monitoring and Management Solution Against Online Fraud
Submitted by allcunews on Mon, 11/13/2006 - 9:05pm.SACRAMENTO, Calif.--(www.allCUnews.com)--On November 13, 2006, Schools Financial Credit Union (Schools) announced its selection of Cyveillance for its online risk monitoring and management solutions in an effort to further upgrade Schools' online security and protect its members against Internet fraud schemes like "phishing."
Biometric Check Cashing Service Offers Fraud Prevention, Regulatory Compliance and New Efficiencies For 'On-Us' and 'Non-Bank'
Submitted by allcunews on Mon, 11/13/2006 - 9:02pm.Biometric Check Cashing Service Offers Fraud Prevention, Regulatory Compliance and New Efficiencies For 'On-Us' and 'Non-Bank' Checks
The Pay By Touch Paycheck Secure Service to Help Banks and Credit Unions Build a Bridge to 45 Million Underbanked Consumers,




