Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Metavante to support NACHAs Secure Vault Payments
MILWAUKEE (3/20/08)--Credit unions using Metavante payment technology can now offer their members the Secure Vault Payments option, which allows members to use their existing accounts to complete transactions online. Metavante announced Tuesday in a press release that it will begin processing and settling transactions for NACHA’s Secure Vault Payments. The automated clearinghouse-based Internet payments system allows users to conduct e-commerce and bill payment transactions without sharing personal or account information online. The company created an authorization and settlement solution designed to work with the Secure Vault Payments switch. Through the solution, it authorizes, processes and routes transactions, supporting the life cycle between financial institution online banking providers and merchants’ financial institutions. “Secure Vault Payments puts data protection and authentication in the secure and capable hands of banks and credit unions,” said Jeff Lewis, Metavante division president. “While financial institutions welcome the relationship-building opportunity, it would be challenging for many community and regional-sized financial institutions to develop the solution in-house.”


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
5 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
6 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
12 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
13 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
14 hours ago