CORVALLIS, Ore. - Two new interfaces developed by credit union data processor SUMMIT provide its CU clients with virtually unlimited access to third-party products and services, according to SUMMIT. Based on an open architecture approach, the Secure Interface Module (SIM) and the Secure Third Party Transaction (STTI) interfaces integrate SUMMIT system data and third-party product functionality. Based on an agreement among SUMMIT and the participating credit union, the third-party provider creates a "plug" to fit the Summit system interface "socket." Once activated, the interface accesses and delivers the set of data for the third-party product as defined by the credit union. SIM is the conduit for real-time monetary and inquiry transactions initiated via third-party audio response, Internet banking systems and via future technologies. The interface handles account inquiries, transfer of funds, bill-payment, and more. Each interaction with the SUMMIT system via SIM or STTI is encrypted and decrypted using the Data Encryption Standard ("DES"). DES uses 72,000,000,000,000,000 (72 quadrillion) or more possible encryption keys. Each encryption key is unique. SUMMIT currently has 310 CU clients. -
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