California CU Inks EncryptionPact

May 16, 2006, 1:00 a.m. EDT 1 Min Read

GLENDALE, Calif. - (05/16/06) California CU announced Mondayit has signed with NeoScale Systems to implement thecompanys NeoScale CryptoStor Tape to encrypt backup databefore transporting backup tapes offsite. The $1 billion creditunion said it chose over other options because of its transparentoperation and seamless integration with existing networkinfrastructure. Credit union officials said NeoScale was the onlyvendor that provided connectivity with secure key managementbetween the credit unions data center and disaster recoverysite, allowing it to implement the appliance between its IntegraSysapplication server and Compaq tape backup system in each location.NeoScale Systems is based in Milpitas, Calif.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Community banking

TD writes big check to a rapidly expanding CDFI

Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.

By John Reosti

4h ago
Debt collection

Collections fintech Akuvo gets funding for agentic AI

The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.

By Melinda Huspen

5h ago
House Republicans call for 'cross-Congress' effort on financial fraud

Bankers face a "critical limitation" due to the vast number of oversight agencies and institutions, like social media companies and telecom institutions, that a fraudster might touch on their way to scam a consumer.

By Claire Williams

6h ago
Payments

How Stripe's stablecoin techs boost its power to disrupt banks

The payments company has used an acquisition of digital asset firm Bridge to gain ground, reminiscent of how fintechs have honed in on banks' payment turf for years.

By John Adams

6h ago
Trump administration

Trump asks Supreme Court to remove Fed Gov. Cook

President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.

By Maria Volkova

7h ago
C-suite

BMO taps another ex-Fifth Third executive to serve as CFO

The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.

By Allissa Kline

7h ago