The offering is part of a partnership announced earlier this month between Australia Post and Ultradata Australia Pty. Ltd.

The New South Wales Teachers Credit Union has adopted VIP Online Security as part of its existing Ultradata My Viewpoint core banking and Internet banking software.

Australia Post's manager of authentication services, Roger Lee, said the fact that one of the largest and most progressive credit unions in Australia has chosen VIP Online Security to provide an additional layer of protection for its members' Internet banking, is a significant stamp of approval for the new service.

"As the first financial institution to adopt the offering, the credit union is leading the way in protecting its members from the risks associated with online fraud and identity theft," he said.

NSW Teachers Credit Union CEO, Steve James, said it was an important milestone for it's 140,000 members in NSW, the ACT and Northern Territory.