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
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
9 minutes ago
Are you going to be naughty or nice to your budget with holiday spending? http://t.co/FcN2YPxCIU
26 minutes ago
Did U miss the July @TheNCUA open meeting? Now a video recording is available on the agency’s website. Go here: http://t.co/cxGs2bkdKt
1 hours ago
What about creating the Central Bank of #Bitcoin? via @ColoradoBizMag http://t.co/jNOGCxjEEt
1 hours ago
Mo. #creditunion house hosts summer caucus for state Dems #CUHouse @MCUA_news http://t.co/AoKth9ULDs
2 hours ago