MADISON, Wis. (4/15/10)--Switch Communications Group, a new CUNA Strategic Services provider that owns and operates data centers, is the 10th largest data center in the world, according to a report from DataCenterKnowledge.com (April 12). Switch provides data center co-location services, infrastructure cloud computing, managed services, disaster avoidance, CU Tech Connect, and telecommunications connectivity with its Network Access Point (NAP) data centers. It provides bandwidth, data centers and connections to credit unions at competitive prices, says CUNA Strategic Services' website. The DataCenterKnowledge.com report noted that when Switch unveiled its SuperNAP in Las Vegas in the spring of 2008, "there were few precedents for the scope of the facility." The 407,000 square foot data center was built to accommodate up to 7,000 cabinets, with 250 megawatts of power capacity. But "SuperNAP is perhaps most notable not for its size but its ability to support power densities of up to 1,500 watts a square foot." The article said Switch has plans to build at least two more 400,000 square foot SuperNAPS at its Las Vegas property. The company also received CUNA Technology Council's "Best of Show Award" during the Credit Union National Association's Governmental Affairs Conference in February in Washington, D.C. For information, use the link.
BROOKFIELD, Wis. (4/15/10)--Fiserv is offering a bill payment widget to help consumers pay bills from their online banking homepage. The service is available to financial institutions, including credit unions, that use Fiserv’s CheckFree online bill pay service. Deployed through Fiserv’s Corillian Online and eCom online banking solutions, the widget aims to increase online bill pay use by raising the visibility of the service within the user interface (Investment Weekly News April 17). Members can schedule payments from their credit union’s online banking homepage--which keeps bill payment “top of mind” for users, said Fiserv. “The average online banking user logs into the service 15 times per month, and the payment widget makes bill payment more easily accessible during these frequent visits,” said Jamie Deterding, senior vice president of Bank Solutions at Fiserv. “This improved accessibility leads to improved convenience for consumers, which can result in substantial increases in adoption and use of the service.” Brookfield, Wis.-based Fiserv is a global provider of financial services technology solutions for financial institutions.
MADISON, Wis. (4/15/10)--Credit unions can learn about current electronic fraud scams impacting them and their members from CUNA Mutual Group’s Discovery Webinar series May 11.
CUNA Mutual Risk Manager Ann Davidson will present “Electronic Fraud in the New Decade--Every Credit Union is at Risk,” from 1:15 p.m. to 2:15 p.m. ET. Electronic fraud has escalated significantly in recent years, resulting in millions of dollars in losses while damaging credit unions’ relationship with their members, CUNA Mutual said. Fraud schemes, which come in many forms, have increased in frequency due to the weak economy and the ever-increasing speed of electronic data systems. It’s vital for credit unions to be aware of the risks they face and how to mitigate them using fraud detection tools, the company said. For more information, use the link. Registration for the webinar ends at 11 a.m. ET May 11.