Q2 is able to detect and flag potentially fraudulent transactions while updating the algorithms of its platform. The company’s security suite also includes out-of-band transaction authentication, security alerts, multi-factor authentication (MFA) and VeriSign tokens to protect both consumer and commercial transactions as well as Risk and Fraud Analytics (RFA) service, which alerts the credit union about potentially fraudulent behaviour. The platform’s on-demand functionality and customized features provide the credit union members a new user experience across its online and mobile channels.
In addition, the credit union will implement bill pay services from iPay Technologies, a division of technology and payment processing services company Jack Henry & Associates. This includes both the Consumer Online Bill Pay Platform, with integrated person-to-person (P2P) payments, expedited payments and end user support, along with Biz 2.0, a small business payments product with a suite of electronic transaction services.
Most recently, Q2 has been chosen by financial institution Farmington Bank for its online banking platform.
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