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Products and Services briefs (02/09/2009)

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* NORTH CANTON, Ohio (2/10/09)--ATM manufacturer Diebold reported that its fourth quarter revenue dropped 6% from fourth quarter 2007 to $823.0 million. Income from continuing operations was $15.3 million, up 323% from fourth quarter 2007. Full-year 2008 revenue was $3,170.1 million, up 8% from 2007. Diebold said it is concerned about the challenging economy, but noted that more than half of its revenue comes from services. “Market demand for financial self-service solutions remains relatively stable,” said Diebold President/CEO Thomas Swidarski. Diebold is developing infrastructure to reduce costs, the company said in a statement ... * AUSTIN, Texas (2/10/09)--Teres Solutions announced that it partnered with Lending Solutions Inc. (LSI) to allow loan officers at LSI to use the Teres SAIL lending platform. The SAIL platform provides automated decisions on some applications. An LSI specialist can be notified of a pending application in the system and provide a decision within minutes. LSI’s system also can interface with the SAIL platform to transmit the applications to a credit union’s system. LSI provides lending center services and consulting programs for financial institutions. Teres develops direct and indirect lending software products for financial institutions, including credit unions ... * LONG BEACH, Miss. (2/10/09)--Triton announced plans to produce a new off-premise ATM, the RL1600, in March. The new ATM will be previewed at the ATMIA Conference in Nashville, Tenn., this week. The ATM comes with a printer, business cabinet, Talaris MiniMech dispenser and customizable back-lit graphic sign. ATM owners can create marketing messages and coupons for the ATM, the company said ...

Revenue increases for data processor COCC

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AVON, Conn. (2/10/09)--COCC, a data processor that provides services for financial institutions, announced that its revenues increased 9% in 2008 to $59.6 million. Average client ratings were “excellent” for the 23rd consecutive quarter, the company said. The company increased its account processing clients by 12, ending 2008 with 170 clients. It also sold 274 strategic products last year. COCC’s largest client, HarborOne CU, Brockton, Mass., upgraded to the .Net version of COCC’s core account processing system. The credit union’s 15-year-old system took three years of development to rewrite, COCC said. COCC has tripled the number of products offered to financial institutions in Illinois, New Jersey, Ohio, Pennsylvania and Tennessee since Richard Leone became president/CEO in 2002, the processor said. COCC is headquartered in Avon, Conn.

New white papers tackle CU security issues

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MADISON, Wis. (2/10/09)--Credit unions can learn how to prepare for a technology audit and how to make a case for hiring a chief security officer in two new white papers sponsored by the CUNA Technology Council. “Preparing for an NCUA Technology Audit: Making Risk Assessment a Full-time Job” outlines the steps and procedures to strengthen information technology (IT) security and to prepare for a technology audit. The paper identifies three areas of growing weakness and common security issues. It then outlines a security inventory process and the basic steps to prepare for an IT audit. Regulatory requirements are included, along with resource links for more information. “Credit Union Security: Making a Case for Hiring a Chief Security Officer” addresses the increases in security threats against financial institutions and the need for credit unions to protect against security breaches. The paper covers security trends at credit unions and the increases in demand for security, explores the guidelines and objectives for making the decision to hire a security office, and provides a selection of articles and resources for further review. For more information, use the links.