Advanced function for ATMs

Signalling the arrival of automated teller machine's (ATM's), next generation, Diebold's Opteva ATM captured the imagination of the banking industry and consumers worldwide with its introduction in 2003, reports CNN.

Four years later, Diebold is celebrating the sale of its 100 000th Opteva machine, to Missouri- based Commerce Bank, whose mission includes providing customers with the latest advances in self-service banking solutions.

The sale carries on the 20 year relationship between Diebold and Commerce.

Green Armor Solutions has released the first complete authentication platform for securing access to Web sites from mobile devices and smartphones such as Apple's iPhone, RIM's BlackBerry devices, Motorola's Q phone, Palm's Treo series, and other handheld computers, says Business Wire.

The new Mobile Authentication Module for Identity Cues Two Factor assists financial institutions in ensuring proper FFIEC-mandated security is met when users access online banking from mobile devices.

Green Armor's unique technology provides both multi-factor authentication and site authentication, optimised for users accessing business systems from handheld devices. It delivers this level of security without requiring users to install any software on the devices, re-enroll, carry additional security devices, or undergo extra steps during the login process.

Five financial institutions in Nigeria have signed on to Neptune's Orbit banking solution after a thorough evaluation and selection process, involving several other microfinance banking solution competitors in Nigeria, reports This Day.

These financial institutions include Susu Microfinance Bank, Omega Savings & Loans, Parkway Microfinance Bank, New Heights Microfinance Bank and Abbey Building Society.

A statement disclosed that during the evaluation process, Orbit proved itself to be a functionality-rich banking solution designed to deliver robust solutions to meet all the needs of modern micro banks and other microfinance institutions.