NEW YORK and BROOKFIELD, Wis. (1/15/08)--Consumers can purchase prepaid cards and pay their bills through a financial service scheduled to be deployed at kiosks in convenience stores nationwide this spring. CheckFreePay, a part of Fiserv Inc., announced an agreement with Ready Credit Corp. to implement the CheckFreePay walk-in bill payment service at all ReadySTATION kiosks in the U.S. ReadySTATION kiosks are deployed at 55 retail, convenience and grocery store locations in six states. Stores using the kiosks include Dollar Tree in Atlanta and Houston, Save-A-Lot in Milwaukee, SUPERVALU stores, and convenience stores in Minneapolis and El Paso, Texas. The stations allow consumers to purchase ReadyCARD Prepaid MasterCards and pay their bills. Bill payments made at the kiosks can be processed the next day for $2.50, or through standard three-business-day processing for $1.50. Ready Credit offers its customers instant-access self-service prepaid financial products and services. Fiserv is a core processor, serving financial institutions, including credit unions.
SAN FRANCISCO (1/15/08)--U.S. Central CU, Lenexa, Kan., is working to prevent phishing attacks after being targeted by a phishing scam last summer. In June 2007, U.S. Central was attacked by the Rock Phish organization. “Within the first few hours of that first attack, we knew we had to do something fast,” said Jean Golka, information technology risk manager for U.S. Central. U.S. Central is one of many credit unions that has been attacked by phishers. Many phishers have improved their technology by hiring automated search or botnet vendors and using tools to make phishing more resilient, so attacks on financial institutions have become more frequent, the credit union stated in a press release. Credit unions were the target of 32.6% of phishing attacks in the third quarter of 2007, according to data from MarkMonitor, an anti-phishing technology vendor that U.S. Central partnered with in June after the Rock Phish attack. U.S. Central has 32 member corporate credit unions, comprising the Corporate Network, which provides liquidity, lending and payment services. The Credit Union National Association also provides anti-phishing technology to assist member credit unions, such as Perimeter CounterPhish.