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VolCorp beefs up security for online app

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OAKBROOK TERRACE, Ill. and ZURICH (2/24/11)--Volunteer Corporate CU (VolCorp), Oakbrook Terrace, Ill., has deployed VASCO’s DIGIPASS GO 6 in combination with VACMAN Controller to secure online access for its member credit unions. Several years ago, VolCorp rolled out DIGIPASS GO 6 to protect access to VolCorp Online, an online tool for its member credit unions. The adoption of multi-factor authentication was prompted by the increased risk of online attacks in the financial industry and recommendations by the National Credit Union Administration (NCUA). The NCUA issued guidance to credit unions that Internet-based services should use appropriate security measures and technologies to authenticate users. VolCorp decided to implement VASCO’s DIGIPASS GO 6 in combination with the authentication software, VACMAN Controller, to meet the NCUA’s compliance recommendations and because it could be readily integrated with existing applications. More than 2,500 credit union users have been equipped with a customized DIGIPASS GO 6, allowing them to securely log-on to VolCorp Online. The new feature replaces static passwords with dynamic one-time passwords.

MnCUN expands partnership with CO-OP

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RANCHO CUCAMONGA, Calif. (2/24/11)--CO-OP Financial Services and Minnesota Credit Union Network (MnCUN) are expanding their marketing partnership, with MnCUN now offering all CO-OP products and services. MnCUN, St. Paul, Minn., will market CO-OP products to more than 150 Minnesota-based credit unions with roughly 1.5 million members. CO-OP offers services designed to maximize member convenience and operational efficiencies for credit unions, including the CO-OP Network payments network, payment processing, e-commerce, shared branching and call center services. CO-OP Financial Services has more than 30 credit union clients in Minnesota, and provides more than 400 surcharge-free ATMs to members of participating credit unions in the state through its flagship CO-OP Network. Credit union members also can access 28,000 surcharge-free CO-OP Network ATMs nationwide, 9,000 of which take deposits. The two organizations are celebrating the agreement at the Credit Union National Association’s Governmental Affairs Conference, Feb. 27 through March 3 in Washington, D.C. CO-OP Financial Services is a sponsor of MnCUN’s “Minnesota Night” on Monday.