Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CU is first FI to pilot STAR CertiFlash
JACKSONVILLE, Fla. (12/10/10)--JM Associates FCU is the first financial institution to pilot Star CertiFlash, a new personal identification number (PIN) debit application offered by the STAR Network that advances point-of-sale (POS) security using one-time card number technology. The STAR CertiFlash technology is programmed onto a contactless chip embedded within a payment device, such as a card. For each transaction, the chip encrypts and transmits a card number that is good for only a single use. The STAR CertiFlash application is built on payment specifications from merchant processor First Data. JM Associates FCU, an $83 million asset institution based in Jacksonville, Fla., volunteered to be the first financial institution to test the product. In the initial test, its employees used the technology to purchase items from participating merchants.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
5 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
6 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
8 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
9 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
9 hours ago