Headlines:
Calif. Credit Union Using Encryption Tool St. Mary's of Mass. to Install ITI Software Trintech Forms Financial Services Unit Deluxe Named BancorpSouth Supplier
Calif. Credit Union Using Encryption Tool
California Credit Union is using encryption technology from the Milpitas vendor NeoScale Systems Inc. to protect backup data storage tapes.
NeoScale announced Monday that the Glendale credit union, which has more than $1 billion of assets, has already installed the CryptoStore systems to encrypt member data and other information on tapes before they are shipped to storage facilities.
In the past year numerous financial companies have reported losing backup tapes en route to storage sites. In January, People's Bank of Bridgeport, Conn., said an unencrypted tape containing data on 90,000 customers was lost while United Parcel Service was transported it to the credit bureau TransUnion LLC. ABN Amro Mortgage Group, Bank of America Corp., Ameritrade Inc., and Citigroup Inc. have reported similar incidents.
"It is clear from continuing news reports that organizations that do not protect themselves with storage encryption are exposing their organizations to identity theft, legal liabilities, and compliance issues," Stanley Cadiente, CCU's vice president of information technology, said in a NeoScale press release. 
St. Mary's of Mass. to Install ITI Software
St. Mary's Credit Union of Marlborough, Mass., has agreed to use the Premier core processing software from Information Technology Inc., a Lincoln, Neb., unit of Fiserv Inc. of Brookfield, Wis.
The vendor said Monday that St. Mary's would install the software in-house, using servers from International Business Machines Corp.
In addition to core processing, the software supports several banking functions, including online banking, imaging, document management, customer relationship management, and branch automation. It can be run in-house or hosted by ITI.
St. Mary's is using software from Open Solutions Inc. of Glastonbury, Conn., but is expected to convert to the ITI software in the fall. Since 2002 the credit union's assets have grown 30%, to $520 million.
Tom Wellan, the president and chief executive of St. Mary's, said in an ITI press release that his credit union selected Premier because it offered a "one-stop solution to handle our current operational demands, and yet be flexible and scalable enough to provide top quality service to our growing membership."
Trintech Forms Financial Services Unit
The Dublin transaction software company Trintech Group PLC has created a business unit for its products and services designed to help financial companies optimize their transaction reconciliation processes.
Trintech said Monday that its financial services group offers consulting services and account reconciliation and positive pay applications that banking companies can provide to corporate customers.
Numerous financial companies, including Bank of America Corp., JPMorgan Chase & Co., and Wachovia Corp., are using Trintech's reconciliation software.
Kevin Connelly has been named the business unit's senior vice president and managing director. He was the president of KC Consulting Inc., and he advised Trintech for eight months before the hiring.
Mr. Connelly said in a press release that the products and services his unit offers can enhance banks' fee income.
Deluxe Named BancorpSouth Supplier
BancorpSouth Inc. of Tupelo, Miss., has named Deluxe Corp. its exclusive supplier of paper checks and check services.
The Shoreview, Minn., check printer announced last week that it would provide both business and consumer checks to the $11.9 billion-asset BancorpSouth.
Luann Widener, the president of Deluxe's financial services business unit, said that her company's products and services can help banking companies "increase revenue growth and improve customer loyalty."'
Consumers and businesses are using fewer paper checks than they did before. Last month Deluxe reported that its first-quarter net income fell 36% from a year earlier, to $25 million, and that revenue fell 9%, to $411 million.
Deluxe also announced last month that it had hired Lee Schram as its chief executive. Mr. Schram was a senior vice president at the Dayton, Ohio, automated teller machine company NCR Corp.
He succeeded Ronald E. Eilers, who took the job on an interim basis in November, when Lawrence J. Mosner retired as the chairman and chief executive.
