September 07, 2011 08:00 AM Eastern Daylight Time
ATLANTA--(BUSINESS WIRE)--Online Banking Solutions (OBS) today announced that Technology Credit Union completed implementation of the OBS Messenger Financial Center© for the delivery of business information and payment services online. OBS Messenger Financial Center runs on the proven Online Messenger Platform, which operates on LINUX and uses private cloud technologies and Web 2.0 applications to better facilitate integration requirements and to enable scale, multi-channel services and greater security. In addition, the platform features fully integrated application a hardened browser, and a receiver-based payments model.
“Because many of them come from the high-tech ecosystem, our clients are accustomed to using the latest, most convenient technology”
OBS Messenger Financial Center provides transaction initiation including stop payments and account-to-account transfers and payment initiation of ACH transactions including vendor payments, tax payments, and payroll and wire transfers. Tech CU will also be implementing OBS’ Messenger Mobile Banking solution in the near future, which provides the ability to leverage and deliver information and payment services through the mobile channel.
The credit union re-launched its Commercial and Business Banking division last year with a more comprehensive suite of commercial and business banking services (including SBA and other business loans) and a renewed focus on driving growth by connecting with young companies and startups in the high-tech market.
“Because many of them come from the high-tech ecosystem, our clients are accustomed to using the latest, most convenient technology,” said Herman White, Tech CU’s SVP of Commercial and Business Banking. “That’s why our online and business banking platforms are so important to our strategy. We need to give our clients the ability to securely do their banking in as many ways as possible — whether at home, on the go, or in one of our branches.”
For enhanced security, Technology Credit Union members will utilize the OBS M-Secure Browser for secure access to reports, data and single sign-on to other secure cash management applications without the need for a hard token. The hardened browser relies on integrated two-factor and mutual authentication provided on downloaded software tokens for device and user authentication, as well as confirmation of authenticity of other web sites.
Dan Myers, CEO and founder of OBS added, “Leveraging our deep experience with cash management, business banking, payments and technology for commercial banks, OBS is now focused on providing secure, competitive ebanking and mobile solutions to the credit union market.”
About OBS
Founded in 2002 by a management team that pioneered Web cash management and business banking technology, after launching two other successful financial technology companies, Online Banking Solutions (OBS) provides contemporary ebanking products including multi-channeled reporting, transaction and file delivery services to commercial banks (including 11 of the top 100 U.S. commercial bank holding companies), community banks and credit unions. Private, profitable and based on the philosophy of over servicing clients, OBS offers financial institutions the benefits of a large-scale technology provider, and the tenacity of an entrepreneurial, service-driven organization.
About Technology Credit Union
Founded in 1960 by the employees of Fairchild Camera and Instrument Semiconductor Division, Technology Credit Union has served the high tech workforce in Silicon Valley for 50 years. Today, Tech CU has extended its membership benefits to small businesses and individuals who live and work in the greater Bay Area. The credit union is recognized as one of the best-managed and strongest financial institutions in the country. Tech CU's 74,000 members have access to 60,000 surcharge-free ATMs nationwide, online and mobile banking, 9 full-service branches in the Bay Area, and comprehensive wealth management and small business services. To learn more, visit www.techcu.com.
