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Fiserv unveils Online Advantage

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BROOKFIELD, Wis. (11/20/08)--Fiserv Tuesday launched Online Advantage, an online banking solution that integrates account information--electronic bills and payments, balances, transfers and money management tools--onto a single screen. Traditionally, members navigated through screens and links within their credit union’s website to view account information. Online Advantage allows members to access more than 90% of online banking activities on a single page. The solution leverages aspects of Corillian’s online banking and CheckFree’s bill payment services. It also leverages Microsoft Silverlight Rich Internet Application technology and Web 2.0 functionality to simplify the user experience, Fiserv said. Consumers also will have access to personal money management tools, remote deposit capture and family banking. Fiserv provides information management and electronic commerce systems to financial institutions, including credit unions.

Diebold adds security to outsourcing solution

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ORLANDO, Fla. (11/20/08)--ATM manufacturer Diebold has added security and consulting to its outsourcing solution, the company announced Tuesday at a retail banking conference. “In an outsourcing agreement, Diebold’s industry experts work with the financial institution to develop a comprehensive outsourcing solution that includes software, hardware and services,” said Dennis M. Moriarty, Diebold senior vice president, global security. A full-service outsourcing arrangement with Diebold offers a single point-of-contact, helping financial institutions avoid large capital outlays, the company said. It also allows financial institutions to provide advanced security. Outsourcing of security can help lower instances of false alarms through interactive remote monitoring. Adding a digital video recorder and a two-way audio system interconnected to the site alarm panel, along with video monitoring services, can help financial institutions significantly reduce false alarm fees, Diebold said. Diebold is headquartered in North Canton, Ohio.

NYCE Verient offer online payment solution

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SECAUCUS, N.J. (11/20/08)--NYCE announced Tuesday that it will partner with Verient to pilot NYCE’s SafeDebit, an e-commerce payment solution that allows consumers to make purchases on the Internet without sharing their personal identification number or account information on the merchant’s website. NYCE plans to pilot SafeDebit early next year. Consumers can choose NYCE SafeDebit on the merchant’s website during checkout. The system then redirects consumers to log on to their financial institution’s site where it generates virtual debit card information for one-time use. The consumer’s actual debit card number is never disclosed to the merchant, and a PIN is not required for the transactions. “Consumers find shopping online convenient, but many choose to avoid it because of security concerns,” said Steve Rathgaber, NYCE president and chief operating officer. Verient develops technologies and products that allow financial institutions, including credit unions, to customize payment choices. NYCE, a Metavante company, provides consumers with secure access to funds through ATM locations and point-of-sale locations nationwide.

FIS Obopay join in P2P mobile payments

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JACKSONVILLE, Fla. and REDWOOD City, Calif. (11/20/08)--Fidelity National Information Services Inc. (FIS) and Obopay announced a person-to-person mobile money transfer service for financial institutions using FIS’ core processing services. Financial institutions, including credit unions, can quickly introduce branded mobile payments to their members, who can send and receive money from friends and family anytime. The service initially will be offered with checking accounts or prepaid cards. To use the service, members link their checking account or payment card to their mobile phone. The service can attract and retain consumers and reach the unbanked, the companies said. FIS is a provider of core processing, card issuance and transaction processing. Obopay is a service provider for payments using mobile phones.