Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
4 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
6 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
7 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
8 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
9 hours ago