Because the credit union has a branch network, James said customers are reliant on the Internet to access accounts.

"Obviously, security in online banking is our prime consideration and this solution will provide our members with peace of mind when transacting over the Internet," he added.

Ultradata CEO, Peter Henshaw, said the deal is evidence that the solution will be accepted by the financial services industry to provide more secure tools for customers.

Leveraging a shared authentication network, VIP Online Security is enabled by VeriSign Identity Protection (VIP), so that online service providers can accept the same authentication credentials as other participating members of VeriSign's global VIP network.

Although the customer's security token can be used at any VIP network member Web site, each member organization will be able to maintain control over its own business rules and security requirements and no identification or customer account information is shared.