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Comhair Linn and PSD2

PSD is coming 14th September. Be prepared…

This beautiful sculpture, Foinse Gheal, is located in Comhair Linn branch’s garden on Parnell Square.

What is PSD2?

The second Payment Services Directive or PSD2 is a European law which comes into full force on 14th September and which will make it more secure for you to make electronic payments when shopping online or using online banking services. PSD2 aims to make payments safer and increase consumer protection.

These changes are being introduced to protect consumers from increased online fraud. Additional security measures known as Strong Customer Authentication (SCA) and will be introduced in Comhair Linn’s browser-based services and Mobile App.

What does Strong Customer Authentication mean?

The principle of SCA is to increase security for electronic payments through the introduction of two factor authentication protocols. This is a security process in which you may be asked to verify your identity in two different ways such as with a password or a fingerprint . SCA will be used when accessing online payment accounts or shopping online. Customer authentication is in use today however with PSD2 it is likely to be used more frequently to provide enhanced security.

How will this impact Comhair Linn members?

Mobile App

There will be a new version of the Mobile App to cater for these changes and you may be prompted to update your app. As part of these improved security measures you will logon as normal but you may be required to provide additional authentication via your phone.

Mobile phone number and Email address

It is imperative that the mobile phone number and email address that Comhair Linn has registered for your account is correct. To view the number registered to you, log in to Online Banking and click the Personal Settings option – located in the top right hand corner of the screen in your Online Banking . If any details are incorrect please contact the Credit Union.

Strong Customer Authentication (SCA) once implemented

The following actions will be required by SCA from 14th September 2019 however some may be introduced earlier:

1. Logging in to your Online Banking
2. Setting up new payees
3. Viewing transactions older than 90 days
4. View e-Statements
5. View Documents older than 90 days

Security Advice

When Comhair Linn communicate with you they will never ask you for your card number or PIN and  will never advise you to transfer money out of your account. Should you encounter any of the above requests you should report it to your Credit Union immediately.

Notice to Comhair Linn customers

Comhair Linn is communicating with members to advise that they will be introducing some improvements to Online Banking experience over the coming months.

These changes are in preparation for compliance with European banking regulations – Payment Services Directive 2 (PSD2) – which come into force on September 14th 2019. These regulations bring additional safety and security to your online banking.

These changes are being introduced in order to protect consumers from increased instances of online fraud. This additional security is known as Strong Customer Authentication (SCA) and will be introduced in both the browser-based services and Mobile App.

Mobile App
There will be a new version of the Mobile App to cater for these changes and you might be prompted to update your app.

Mobile phone number
It is imperative that the mobile phone number registered for your Comhair Linn account is correct. To view the number registered to you, log in to Online Banking and click the Personal Settings option. If any details are incorrect please contact the Credit Union.

Strong Customer Authentication (SCA)
The following actions will require SCA from 14th September 2019 however some may be introduced earlier:

  1. Logging in to your Online Banking
  2. Setting up new payees
  3. Viewing transactions older than 90 days
  4. Viewing e-Statements
  5. Viewing Documents older than 90 days

How will your experience change?
As part of these improved security measures you will logon as normal but you may be required to provide additional authentication via your phone.

Security Advice
When Comhair Linn communicate with you they will never ask you for your card number or PIN and will never advise you to transfer money out of your account. Should you encounter any of the above requests you should report it to your Credit Union immediately.

Further Information
This information – and any further updates – can be viewed by logging into your online banking at https://www.comharlinnintocu.ie

SUMMER 2019 GET TOGETHER

Good turn out in Killashee for the Summer meeting of Kildare retirees on Wednesday 26th June.

Fidelma’s ‘Minutes of last meeting’ earned the highest praise from Billy – almost making his report redundant. Well done Fidelma!!!

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Praise to Fidelma again for her careful handling of finances for our 360 members- it meets the new criteria for the increase of €5 per member to €20 established by 2018 review – prudent spending on the membership needs and yet accountable and transparent: raffle and subsidy for today’s lunch form part of the budget.

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Raymond King gave a great account of the Wednesday Dancing Class – which has more than doubled in size: he lauded Maestro /Múinteoir  Brian’s singing as well as dancing talents – “when he can’t get the didgeridoo for music going for a dance he  belts out a song for us to waltz around to”. Good stuff Brian! Classes will resume in September.

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Rena gave a short account of the Slovenian trip – and there’s a reunion of the travelers for a morning coffee/ lunch planned for September.

 

 

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The golf outing usually held in May was deferred to September. A SCRAMBLE will be held in Cill Dara Golf Club on the 2nd September – if you know any new retirees who might be desperately seeking an outdoor activity to replace yard duty!!!!! please let them know!!!!!

Billy’s address was of course informative – he emphasised that while our pensions are increasing slightly, they are ACTUALLY only being restored to 2012 rates. If you had retired pre Feb 2012 on the top of the scale with a B post, your pension would have been €34636; in September it will be €34130 rising to €34897 in October 2020. The exemption threshold for Pension Levy is now €39k since January and will go up to €54k in 2020 – so another few disposable bob!!!

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Some other interesting changes: the 35/55 rule is gone since 2004; 65 is now the standard retiring age for all public servants; teachers starting their teaching careers since Jan 2013 will now have a pension based on career average.

Billy was asked about the Alliance of Public Servants – it’s not as strong as it was, as its original objective has been achieved (removal of pension levy), leaving only guards and teachers awaiting full removal – smaller numbers means less clout! However he advised watching “this space” as parity has only been preserved till 2020 and we may need the pressure of an Alliance after that: the Government does not negotiate with Pensioners and so we are dependent on INTO or Alliance-like bodies.

 

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Finally the Tom Quinlan, founder of ALH (Affordable Live-in Care) addressed the meeting on the provision of care in the home versus Nursing Home care and the difference in prices and service between his agency and other providers. Follow the link to see the service that ALH provide as well as many testimonials by their customers.

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After the raffle, (congrats to the MANY winners) we adjourned to the dining room for Lunch and a catch up chat.

Enjoy the Summer!!!