Mid-Atlantic Tech Update: Authentication, Image Exchange, Bill Pay
MIDDLETOWN, Pa. -- Mid-Atlantic Corporate has had a number of technology developments of late.
The corporate has selected Green Armor Solutions to implement two-factor and mutual/site authentication for the online banking systems of its member credit unions. Green Armor Solutions will enable Mid-Atlantic's members meet new FFIEC and NCUA security guidelines. "We researched and evaluated authentication systems from over a dozen vendors, and found Green Armor's technology more compelling than those of competing firms," said Robert Frank, vice president of information technology at Mid-Atlantic. Green Armor Solutions' Identity Cues enterprise software products utilize a combination of psychology and technology tools to verify users.
In other news from Mid-Atlantic, its Remote Branch Capture program, launched in June, has 100 credit unions signed up and in queue for implementation. Thirty-seven credit unions are live and volume topped $150 million in November. Mid-Atlantic anticipates monthly item volume to be over 700,000 representing over $500 million once all CUs are live.
Also, the corporate's CUSO, MY CU Services, has 678 credit unions under contract in 48 states, Washington, D.C. and Guam for its bill pay product. It is processing 400,000 items a month and now has 13 corporate CU partners for bill pay.