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  • Technology Credit Union Supercharges Its Online Banking With More Secure And Convenient Features

    The Silicon Valley credit union continues to be a technology leader in the financial services industry with its innovative Online Banking 

    SAN JOSE, Calif., (March 1, 2006) —Superior security and enhanced convenience are the hallmarks of the latest improvements made to Technology Credit Union’s Online Banking. After implementing its new, industry-leading and innovative login procedures, Technology Credit Union (Tech CU) announces additional features to its robust online banking software to further enhance users’ experience.

    “As a financial provider for Silicon Valley professionals, our members expect the latest and greatest technology from us.” says Michael Luckin, Senior Vice President of Delivery Systems. “The introduction of these new features is one of the ways we seek to fulfill our members’ ever- growing expectations.”

    With the new additions, Tech CU’s super-charged Online Banking now features:

    • Expanded eStatements: members can view their statements online dating back as far as 13 years, enabling members to research their account and payment history electronically even before the advent of eStatements.
    • Expanded Tech CU history via Quicken and Money: this new feature allows members to download up to 14 months of Tech CU activity directly into Quicken and Money.
    • Enhanced Bill Pay software: a more interactive interface and better navigation ensure increased efficiency.
    • Time stamp: this new feature will allow members to verify the last time they logged on to Online Banking, thus adding an extra layer of online security to help thwart phishing and pharming attacks.

    In addition to the new enhancements, other online features that set Tech CU apart include:

    • Direct download of 1098 and 1099 forms to TurboTax: with the tax season approaching, Tech CU makes it easy for members to download information on both their mortgage interest and dividend interest without manual input.
    • Secure, innovative login security process (two-way, two factor authentication): while most financial institutions don’t go beyond user authentication, Tech CU introduced both a more secure login process and a second authentication factor called institution validation. A welcome phrase and image verify that the member enters the actual Tech CU website.

    Protecting members’ financial information secure while providing the best user experience is a tough juggling act, but Tech CU has vowed to provide both. And our members appreciate our efforts, as this comment attests: “I’m very pleased with the changes; thanks for taking such measures.”

    About Technology Credit Union
    Technology Credit Union is a member-owned, full-service financial provider that offers services to technology and business professionals in California and their families, focusing primarily on serving individuals who work, live, go to school, or regularly worship in Santa Clara, Alameda, San Mateo, Santa Cruz, San Francisco and Contra Costa counties. Tech CU was started in 1960 and is now among the top 1% of the nation’s largest credit unions. With more than $1 billion in assets, and seven full-service branches in the Bay Area, Tech CU is a leader in the credit union industry.

    Ivy Widman
    Field Marketing Coordinator
    Phone: 408-441-4757
    Fax: 408-453-0741