20 February 2018
Visit www.avoka.com

VolCorp CU secures access with Digipass

22 February 2011  |  2713 views  |  0 Source: Vasco

VASCO Data Security International, Inc. (Nasdaq:VDSI), a leading software security company specializing in strong authentication products, today announced that Volunteer Corporate Credit Union (VolCorp) uses VASCO DIGIPASS GO 6 in combination with VACMAN Controller to secure access to VolCorp Online, an online application for member credit unions.

VolCorp is a financial cooperative which provides low-cost financial services, investments and lending rates to credit unions. Several years ago, VolCorp decided to roll out DIGIPASS GO 6 to protect access to VolCorp Online, an online tool for its member credit unions. The adoption of multi-factor authentication was stimulated by the increased risk of online attacks in the financial industry in general and the recommendations of the National Credit Union Administration (NCUA), the governing body for credit unions, in particular. The NCUA issued guidance to credit unions offering Internet-based services to use appropriate security measures and technologies to authenticate users.

VolCorp decided to implement VASCO's DIGIPASS GO 6 in combination with the authentication software, VACMAN Controller. VolCorp chose to roll-out strong authentication to comply with the recommendations from the NCUA and native integration into the existing applications. VACMAN Controller met these requirements and was seamlessly integrated into VolCorp Online.

Over 2,500 credit union users have now been equipped with a customized DIGIPASS GO 6 enabling them to securely log-on to VolCorp Online. DIGIPASS GO 6 replaces the use of static passwords with dynamic one-time passwords.

"VASCO not only offered us a solution to meet NCUA guidance, the solution could also easily be integrated into our application at a reasonable cost. Furthermore, VASCO supported us with an excellent service level throughout the implementation," says Ben Williams, SVP, CTO at VolCorp.

"The implementation of VASCO strong authentication at VolCorp showcases that our technology can be implemented for use in several branches of the financial industry, whether it is retail banking, corporate banking, brokerage or insurance," says Jan Valcke, President and COO at VASCO Data Security.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Vasco

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11862 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9571 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9342 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8135 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7391 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job