Several financial technology organizations announced partnerships and alliances that could help credit unions looking for upgrades and changes in online bill payments, and endpoint protection and real-time mobile payment security.
Rancho Cucamonga, Calif. based CO-OP Financial Services and Salt Lake City, Utah-based CUSO CUProdigy announced a partnership to provide CO-OP’s online bill payment solution to CUProdigy’s core processing and cloud computing client credit unions.
“CUProdigy and CO-OP share a common commitment to bringing world-class solutions to credit unions,” Anthony W. Montgomery, CEO of CUProdigy, said. “This partnership is a great technology fit and an equally great cultural fit. The partnership will give our credit unions easy access to a true leader in bill payment at very aggressive price points.”
With approximately 75% of payments now handled electronically, CO-OP and CUProdigy are looking to provide an alternative to credit union members for making online bill payments. Under the agreement, CUProdigy clients will be able to buy electronic bill pay services much less expensively through CO-OP than they could on their own or directly with other providers.
“We gravitated toward CUProdigy as a new business partner because we are looking for thoughtful ways to build awareness of our bill payment products and scale this business efficiently,” Todd Clark, President/CEO of CO-OP said. “CUProdigy can deliver value to their client base by providing this alternative bill payment arrangement as an option for their members.”
Brookfield, Wis.-based financial services technology provider Fiserv, Inc., and CrowdStrike, which provides endpoint protection, announced an agreement to add CrowdStrike’s SaaS-based endpoint protection technology to the multi-layered Sentry Cyber Security offerings from Fiserv. With CrowdStrike Falcon, Fiserv clients can help prevent, detect, and respond to malicious cyber threats in real-time, helping customers stop breaches.
“Cybersecurity needs can change in the blink of an eye, and our clients require security solutions that can keep them ahead of ever-evolving threats,” Byron Vielehr, group president, depository institution services, at Fiserv said. “The addition of CrowdStrike Falcon to Sentry Cyber Security strengthens the comprehensive, layered protection that Fiserv provides to financial institutions to help provide peace of mind for their employees, regulators and customers or members.”
“Financial institutions remain a top target for cybercriminals,” George Kurtz, co-founder and chief executive officer of CrowdStrike, said. “Working with Fiserv enables us to help address the demanding security needs of financial institutions in North America.”
Boston, Mass.-based mobile device authentication and intelligence firm InAuth, and Scottsdale, Ariz.-based Early Warning, which provides real-time payments, authentication and risk mitigation, announced a strategic alliance to enhance the security of real-time payment services within the mobile channel by leveraging the advanced device intelligence capabilities of InAuth’s InMobile solution.
Early Warning’s Authentify Platform, a mobile security suite, also offers organizations identity and device confidence by leveraging the same SIM-card based network authentication that the mobile carriers use to secure their own services. Early Warning will now be able to support a combined mobile network and mobile device intelligence solution.
“Combining the Early Warning Mobile Authentifier with InAuth’s InMobile solution will enable us to more effectively identify billions of dollars in high-risk transactions each year. We look forward to working with InAuth in the months ahead.” Eric Woodward, group president of Risk Solutions for Early Warning, said
“The movement of money and the demand for immediate availability in today’s mobile-first environment means mobile security must be iron-clad,” InAuth CEO Lisa Stanton stated. “Early Warning has a longstanding reputation in the industry for developing and leveraging best-in-class technologies to protect organizations from fraud.”
