Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CSS adds telecommunications connectivity
MADISON, Wis. (2/23/10)--Imagine the power it takes to broadcast and distribute an Olympic athlete's feats around the globe. Now imagine a credit union harnessing that massive telecommunications connectivity. Switch Communications, in a new alliance with CUNA Strategic Services (CSS), aims to provide interconnectivity and economies of scale for credit unions with its Network Access Point (NAP) data centers. Las Vegas-based Switch's SuperNAP facility--known as a co-location center--houses servers and storage systems for other businesses. SuperNAP's residents include top technology, media, financial and government entities. One of those businesses is providing the gateway for NBC to stream and broadcast its coverage of the 2010 Winter Olympic Games from Vancouver, B.C. "Adding Switch as a CSS alliance will deliver and supply the interconnectivity, telecommunications, and the most reliable and resilient data center facility services necessary for credit unions to collaborate and gain economies of scale," said Wes Millar, senior vice president of CSS. Switch can provide bandwidth, data centers and connections to companies of all shapes and sizes at competitive prices--particularly important as credit unions need to stay on top of business continuity and security issues, said CSS. "Credit unions will now have access to our consortium buying ecosystem that will extend the buying power of some of the largest companies in America to its member credit unions," said Switch Communications CEO Rob Roy. "With the highest security standards, our patented energy efficient design and leading telecom nexus, Switch will be extending tools that will help credit unions protect their technology assets and substantially reduce costs," Roy said. A new industry trend, called "cloud computing," is pointing enterprises to Switch's SuperNAP. Here businesses use a consumption-based model to access a variety of information technology services over the Internet. This reduces the capital expenditures for credit unions by removing hardware expenses such as on-site servers and server maintenance. Cloud computing puts software applications and computer hardware where they are accessible by users through multiple channels, not chained to a desk. It provides an infrastructure of server and storage capacity. Developers can build Web applications through its platforms. Cloud computing also offers scalability. It grows or shrinks according to the credit union's demand for service. The service is instantaneous, much like turning on a light switch. As with electricity, the credit union pays for what it uses. The CSS-Switch alliance will be a foundation for a technology consortium for credit unions. For more information, contact Julie Esser, CSS director of new alliances, at 800-356-9655, ext. 4213, or at jesser@cuna.com, or Jay Liebe, director, Switch Communications, at 702-283-8024 or jliebe@switchnap.com.
Other Resources

RSS print
News Now LiveWire
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
5 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
6 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
9 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
11 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
12 hours ago