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Alloya to offer suite of RDC services

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WARRENVILLE, Ill. (8/18/11)--When it is chartered on or around Nov. 1, Alloya Corporate CU will offer a suite of remote deposit capture solutions, including ATM, teller, mobile, consumer and merchant capture. The Warrenville, Ill.-based corporate said it hopes to help its member credit unions capture the Gen Y market with an iPad app and another application that allows consumers to make deposits by taking photos of checks with their smartphones and transmitting the images to their credit unions. For credit unions seeking to capture the small-business market, Alloya will offer remote deposit capture products for merchants. “Having robust technology as part of a credit union’s operation is a necessity these days when the consumer and business members are demanding it and with so many competitors who can afford to offer it,” said Kevin Brauer, Alloya senior vice president of member relations. “With the power of aggregation with membership in Alloya, even small credit unions can take advantage of the highest levels of state-of-the-art technology at very affordable rates.”

Corporate America signs with BluePoint Solutions RDC services

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IRONDALE, Ala. (8/18/11)--Corporate America CU, Irondale, Ala., has partnered with Bluepoint Solutions to provide remote deposit capture services. “We wanted to be able to offer the option of an easier transition for our new members who are currently licensed for the Bluepoint Solutions branch and teller capture applications,” said Corporate America CU President/CEO Thomas Bonds. “We also have quite a few members that are interested in many of the newer remote deposit channels such as mobile capture, home capture and merchant capture.” Corporate America CU did not lose any of its members’ capital in the recent corporate credit union fallout, has no legacy assets and is not requiring an additional capital requirement from existing or joining credit unions.

Webinars on FFIEC guides authentication announced

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MADISON, Wis. (8/18/11)--The Credit Union National Association (CUNA), CUNA Strategic Services providers and other vendors are offering Webinars to help credit unions meet the new requirements of the Federal Financial Institutions Examinations Council (FFIEC) Authentication Guidance. CUNA Strategic Services and TraceSecurity will present a free webinar “Preparing to Comply with the New FFIEC Guidelines” at 1 p.m. CT today. The new guidelines emphasize the necessity for performing and reviewing annual comprehensive risk assessments, effective “layered security” for mitigating identified risks, and improved member/customer and employee awareness programs. Among the issues to be covered in the webinar:
* Changes to the guidance since the 2005 revision; * How the new changes impact credit unions; * The new “best practice” standards; * The necessary steps needed to ensure compliance; * How to determine a compliance road map; and * What examiners will assess after the deadline.
TraceSecurity is a CUNA Strategic Services provider. The CUNA Center for Professional Development will present the webinar “New FFIEC Guidelines: Authentication in an Internet Banking Environment” at 2 p.m. CT, Sept. 7. Catherine Yao, information systems officer in the National Credit Union Administration Office of Examination and Insurance, will address what the NCUA expects credit unions to have in place by January 2012 and what the examiners will be looking for. Yao will outline the three main components of the guidance: risk assessment, layered security and member/customer awareness She will be joined by be a representative from one of CUNA’s strategic partners and a credit union information technology professional to discuss the guidance and offer credit union best practices. Also, HEIT, a provider of cloud-delivered, managed services for community financial institutions, will present a Webcast, “Federal Financial Institutions Examinations Council Authentication Sleeper Details, Trends & Challenges” at 10 a.m. MT, on Aug. 24. The webinar will include insight from a recent survey of peer community financial institutions on key issues regarding 2011 authentication trends and challenges. Among the questions to be addressed:
* What is the real purpose of the supplemental guidance? * What are the minimum requirements mandated? * Why is multi-factor authentication not required for retail/consumer online transactions? * What additional authentication technologies should be considered? * What needs to be done right to prepare for 2012 examinations?