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DH Corp. partners with Malauzai on mobile banking

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LAKE MARY, Fla. (4/24/15)--DH Corp. has formed a strategic alliance with mobile banking provider Malauzai Software Inc. to develop mobile banking solutions for D+H core system and Internet banking clients.

The new solution, called Mobile Banking Applications, powered by Malauzai, will allow credit unions and community banks to offer mobile banking across multiple devices and operating systems.

"This is a critical strategic relationship for D+H," said Bill Neville, D+H U.S.A. president. "We are committed to helping all of our clients seize the opportunity mobile presents. Malauzai offers the market-leading product, and the company has accumulated a wealth of knowledge and the dedicated development resources needed to keep our clients ahead in the rapidly evolving mobile world.

"By offering the Mobile Banking App powered by Malauzai, in addition to our existing Cavion Mobile Banking App solution, we can provide our clients choice, flexibility and the most innovative and modern mobile experience available on the market today."

Malauzai mobile banking solutions are used by nearly 350 credit unions and community banks.

"We are both focused on helping community banks and credit unions compete and win in the marketplace," said Tom Shen, Malauzai Software founder/CEO. "By leveraging Malauzai's innovative mobile platform, coupled with deep core and payments integration, D+H will deliver to its clients a best-in-class mobile solution at a very attractive price point."

NWCUA unveils vendor relationship site

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SEATAC, Wash. (4/23/15)--The Northwest Credit Union Association (NWCUA) has launched a new website for its wholly owned subsidiary, Strategic Link.

Strategic Link is the NWCUA's collaborative hub connecting credit unions with business solutions partners. Through Strategic Link, NWCUA members have more than 20 strategic partnerships that offer card services, consulting, human resources, insurance, lending, member services and mobile banking.

The new website helps Northwest credit unions find vendors. Central to the new site is a new feature called CU Matchup. Using CU Matchup, a member credit union answers a few short questions, and CU Matchup generates partner recommendations to fit the credit union's specific goals and needs.

"You can think of it like a dating site for credit unions," said NWCUA Chief Operating Officer Denise Gabel. "Except, we've already done the work of choosing only the best partners, so you can be sure that when you find a match, it's going to pay off."

Also featured on the new site is betaSpace, Strategic Link's initiative to introduce financial technology start-up firms to the Northwest credit union market as preferred partners.

Verifone selects Thales for data encryption

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SAN FRANCISCO and PLANTATION, Fla. (4/22/15)--Payments provider Verifone has selected Thales nShield hardware security modules (HSMs) for encryption of its payment services.
Thales HSMs provide a high-speed and scalable solution in Verifone's end-to-end encryption architecture, which reduces the risk of payment card data compromise within a merchant's retail environment.
The protection of payment card data with encryption from Verifone's secure payment terminals all the way to the Thales HSMs will also reduce the number of applicable Payment Card Industry (PCI) controls, simplifying the deployment environment for the merchant.
VeriShield Total Protect from Verifone protects merchants, payment providers and consumers by encrypting card holder information from the moment it is captured at the terminal until it is securely accessed behind a processor's firewall.

Thales HSMs are used to perform secure key exchanges and secure key derivations that produce a unique key to protect each payment transaction. All the decryption is performed within the Thales HSMs, protecting the encryption keys from attack.

Google Wallet funds now FDIC-insured

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MOUNTAIN VIEW, Calif. (4/21/15)--Mobile payments made through Google Wallet will soon be insured through the Federal Deposit Insurance Corp. (FDIC) ( Yahoo! Finance April 20).

Typically, the FDIC insures banking funds up to $250,000, but funds stored in prepaid debit cards and most mobile wallet services are not protected.

As of now, Google Wallet's user agreement says balances are not FDIC-insured. However, a Google spokesperson confirmed in a statement to Yahoo! Finance that its current policy has changed.

The company will hold wallet balances in multiple banking institutions that are FDIC-insured, which means if anything were to happen to the company, users funds' would be protected.

Other prominent mobile wallet services, such Venmo and PayPal, do not offer FDIC insurance for users who leave cash in their accounts.

CO-OP to purchase FIS shares of Canada's Everlink

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RANCHO CUCAMONGA, Calif. (4/20/15)--CO-OP Financial Services has signed an agreement to acquire Canadian payments provider Everlink Payment Services Inc.
Everlink is a subsidiary of Fidelity National Information Services Inc.
CO-OP does not currently hold shares in Everlink, based in Markham, Ontario. Upon closing, the Rancho Cucamonga, Calif.-based company will join minority-owner Celero Solutions of Calgary, Alberta, as the two shareholders of Everlink. Celero is a service corporation providing information technology solutions to credit unions and other financial services organizations across Canada.   
"Everlink provides a broad range of payments solutions, including card issuance, fraud management, ATM managed services, point-of-sale and debit payment processing primarily for credit unions, which are similar businesses to that of CO-OP," said Stan Hollen, President/CEO of CO-OP.
Hollen noted that CO-OP currently has a limited presence in Canada. "The acquisition of an interest in Everlink enables us to expand our network to clients throughout North America," he added. "In fact, we see this investment as a foundation step to a comprehensive North America-wide network and processing solution for credit unions, making it even more convenient for members in both Canada and the U.S. to use ATMs and their debit cards."
There are roughly 700 credit unions and caisse poplulaires with more than 10 million members in Canada.

Fannie Mae releases low down-payment resources

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WASHINGTON (4/17/15)--Fannie Mae is offering customizable consumer outreach materials to market to responsible homebuyers and educate them about the availability of low down-payment financing options.

Fannie Mae is a CUNA Strategic Services strategic alliance provider.

These new resources, which include flyers, FAQs and email content, can be customized to include the credit union's logo, contact information and product name.

Instant-issue EMV cards available from Shoreline

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AUSTIN, Texas (4/16/15)--Shoreline, a company that specializes in ATM, debit and credit card production, is now offering instant-issue EMV cards.

The solution includes card personalization, procurement, onsite printing and customer support services.
On-the-spot card delivery helps financial institutions reduce operational costs and alleviate time-consuming logistical and fulfillment processes.

"Our team of experts assist our customers through every step from the actual deployment and installation process to continued support of day-to-day services," said Vadim Kagan, Shoreline director of business development.

In-branch installations will spike in 2015 and instant card issuance will be a mainstream service by 2018, according to the research firm Aite Group.