Headlines:
NJ Thrift Uses Comodo Software
Boiling Springs Savings Bank of Rutherford, N.J., has started using the See, Verify, Trust software package from Comodo Inc.. of Jersey City to help customers confirm the authenticity of its online banking site.
The bank site uses a secure certificate based on public key infrastructure and issued by Comodo. Customers who download a Comodo browser tool get a green outline around their browser window when they move their cursor over the bank's logo, log-in boxes, and other tagged features of the site.
Comodo announced its deal with Boiling Springs last month.
"We want our customers to know they can trust us to provide a secure environment," Ken Emerson, the bank's chief information and technology officer, said in a Comodo press release.
SunTrust Loan Package for Bisys
Bisys Group Inc., which recently delayed the sale of its bank outsourcing unit, said Friday that it had arranged for a term loan of up to $300 million from SunTrust Banks Inc. of Atlanta.
It said it might need the money to repay $300 million in convertible notes that will come due March 15.
The New York company also said it had arranged a $100 million revolving credit line with SunTrust and had canceled a $150 million line, with a lender it did not identify.
Bisys announced in September that it had agreed to sell the bank outsourcing unit for $470 million to Open Solutions Inc. of Glastonbury, Conn., another banking technology vendor. That sale was to have taken place last quarter, but last month Bisys said it had been delayed and would close by the end of February.
Compushare Pact with Intrusion
Compushare Inc. of Santa Ana, Calif., a provider of financial services technology, will resell security software from Intrusion Inc. of Richardson, Tex., to its own credit union and community bank customers.
It will offer them Compliance Commander, a pair of applications meant to prevent identity theft.
One part, Sentry, is designed to prevent communications applications such as e-mail, instant messaging, and file transfer software from transmitting unencrypted customer data across the Internet. Attempts are blocked and reported to the financial institution.
Another part, Defender, is meant to prevent unauthorized access to personal information stored on a company's systems.
Intrusion announced the deal last week. "Banks and credit unions are coming under increased risks to new forms of network-initiated identity theft vulnerabilities," said Tom McInerny, Compushare's director of client solutions, in the press release. Using Intrusion's software would help them "identify and mitigate these ongoing data privacy issues," he said.
