GRAND RAPIDS, Mich. (5/12/11)--WESCO Net, a network solutions provider and division of CU*Answers, is offering a new security education series. Among the topics to be covered in the series are computer security awareness, social engineering awareness and avoidance, using network tools security, and business continuity planning. The classes are designed for credit union staff members and seek to improve computer and data security through education. “Security education is an important part of a credit union’s security posture and an essential ingredient in any security awareness program,” said David Wordhouse, vice president of network technologies for WESCO Net. “These classes are designed to elevate employee awareness of various tactics commonly used by attackers and provide solid best practices to thwart them. Arming employees with the knowledge presented in these courses further safeguards member data.” WESCO Net offers the classes through its onsite training facility, remotely via its online classroom, or on site. Classes are offered free of charge to clients of WESCO Net and CU*Answers. Also, WESCO Net has partnered with Cisco WebEx to deliver a support center to WescoNet’s client base “This platform provides improved oversight and reporting on remote maintenance activities, which is an important consideration for anyone using remote technical assistance service or requiring a vendor due diligence policy,” explained Matt Sawtell, systems manager for WESCO Net. “Wesco is independently audited to SAS 70 Level II standards and it is essential that support center activities are fully compliant with those standards,” he added.
SAN FRANCISCO (5/12/11)--Visa has unveiled its version of the digital wallet, and credit unions will be among the financial institutions supporting the pilot program. On Wednesday, the company announced plans to introduce a one-click payment system through which Visa customers can sign up for a set of credentials that will allow them to pay for items online with a single click. The digital wallet concept simplifies the process of buying online, which can be cumbersome for people who have to re-enter their card numbers and personal information each time they want to make a purchase online. In the press release announcing the product, Visa Chairman and CEO Joseph W. Saunders said Visa hopes the digital wallet will help reduce “abandoned shopping carts,” in which online shoppers select products but abandon the buying process when asked to enter the banking information. The digital wallet also will help expand financial inclusion to mobile users who lack access to traditional financial services, Visa said. Among the credit union organizations supporting Visa’s digital wallet are Card Services for Credit Unions, Pentagon FCU and PSCU Financial Services.