MasterCard Shuts 1,400 Phishing Sites
SAN FRANCISCO-MasterCard is reporting that since launch last year of its "Operation STOP IT (Identity Theft)," an initiative aimed at preempting and shutting down cyber-scams, successfully shut down nearly 1,400 phishing sites and more than 750 sites that purported to illegally sell credit card information. The program also has led to the discovery and protection of more than 35,000 MasterCard account numbers that were in jeopardy of being compromised, the card association reported.
As a result of the success of Operation STOP IT, NameProtect Inc., the company with which MasterCard partnered to launch the fraud fighting program, is now offering NameProtection, an expanded version of the program to MasterCard customer financial institutions. MasterCard customer financial institutions can access a new suite of technology and services to help prevent phishing attacks and other fraud, it noted.
Since launch of the program, 27 alleged computer and credit card fraud artists have been arrested.
For info: www.mastercardinternational.com
Funds Express, CheckFree Offer Upgrade
AUSTIN, Texas.-FundsXpress Financial Network, Inc., which provides Internet-based financial services, and CheckFree Corporation, said users are moving to the latest, upgraded version of CheckFree WebSM. "With the upgrade, FundsXpress brings to its financial services customers CheckFree's easy-to-use consumer interface, high quality electronic billing and payment infrastructure," the company said.
For info www.fxfn.com or www.checkfree.com.
eCU Technolgies Embeds Account Aggregation
HARRISBURG, Penn.-eCU Technologies, an automated financial service technology provider for credit unions, is now offering an account aggregation solution that can be embedded inside Symitar's MemberConnect-Web with single sign on (SSO) capability through Powerlink XML.
"Working with account aggregation vendor, Teknowledge, eCU Technologies1 account aggregation solution, originally developed by Pennsylvania State Employees Credit Union (PSECU) in 2001 (which has 15,000 members using account aggregation), allows credit union members to view their entire financial portfolio in one setting or on a single web page," the company said. "As a result, members can simply go to their credit union's website, login to their home banking accounts, and maintain every account they have from credit cards to mortgages to dividends and more." eCU Technologies is a CUSO of PSECU.
Dave Jamison, electronic services manager for PSECU, said the major difference between eCU Technologies' account aggregation and others is its ability to leverage eCU1s Powerlink XML solution to integrate with Symitar's Episys system (embedded inside MemberConnect-Web). "In other words, it uses a 'direct XML feed' that ensures the account information gathered from other account sites is more accurate. Traditional "screen scraping," which is typically used in other account aggregation solutions, may not be as accurate because it is not obtaining the most recent account information, the CUSO said.
Separately, eCU Technologies said that Choice Community Credit Union from North Carolina has selected its services.
For info 760-753-5943 or www.ecutechnologies.com.
Four More CUs Select SilverCloud Solution
PORTSMOUTH, N.H.-During April, SilverCloud reports it sold seven more knowledge systems to four credit unions. SilverCloud has more than 90 Credit Unions across the U.S. ranging in size from $90 million to $2.5-billion using its information management systems. Purchasing SilverCloud solutions were the $145-million Tucson Old Pueblo CU in Arizona, the $282-million SAC FCU in Omaha, Neb., the $134-million MCT Credit Union in Port Neches, Texas, and the $710-million Credit Union One in Ferndale, Mich.
For info: 978-590-1703.
