by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Connexus : Issue 43
Suppl chai If you have a new product or service of interest to customer- owned banking organisations, we'd love to hear about it. Please email your submission to: connexus@coba. asn.au A new currency for foreign payments Western Union Business Solutions has launched a new ser vice allowing customer-owned banking institutions to offer online international payments. Payments can be made in more than 40 cur rencies at present and this number is expected to grow to at least 130 soon. Until now, mutuals have made international transactions on behalf of customers at either a physical branch or via a call centre. Now, customers can take control. They are able to make the transactions directly within a secure internet banking portal. Joe Higginson from Western Union Business Solutions says the online international payment facility will enable mutuals to drive more traffc to their online banking sites, enhance their customer experience and attract business and community group customers. He says demand for such services is increasing. "There has been a substantial rise in the number of inbound and outbound remittances from Australia. According to the World Bank, the value of remittances fowing through Australia reached approximately US$7.1 billion up from $5.3 billion in 2010, which shows just how much international transactions have grown." Defence Bank is one of a number of organisations trialling the new payments ser vice. CEO Jon Linehan says it provides a reliable and convenient way for customers to send money to more than 200 countries and territories overseas. Showcase www.customerownedbanking.asn.au 47 RED letter day for security Sophos RED (remote ethernet device) has won the Protector Award at the 2013 Australian Information Security Awards. The product protects remote sites, such as branch offces, providing secure remote access over an encrypted VPN (virtual private network), easily. At headquarters, an IT admin can type in the unique ID printed on the RED and then plug in the device at a remote site or home offce and turn it on. The RED and Sophos' cloud- based Provisioning Ser vice does the rest, automatically and securely bringing remote sites online. The awards, which recognise outstanding work in the computer security industry, are run jointly by AusCERT and Secure Computing magazine. A judging panel of Australian security experts was asked to choose the product that does the most to keep organisations up and running in the face of attacks such as DDoSes and zero-days. DDoSes are distributed denial of ser vice attacks, where attackers bombard networks with bandwidth-sapping traffc from thousands or millions of drone computers. They are often considered the most diffcult of attacks to resist. Zero-days are attacks based on software bugs for which no patch is available. They are often considered the most pernicious sort of attack because they test the effectiveness of proactive protection.