TriCipher, the leading provider of future proof risk based authentication, and PSCU Financial Services, the nation's largest Credit Union Service Organization serving more than 500 credit unions, today announced they have entered into an agreement to deploy the TriCipher Armored Credential System (Tacs) solution as part of its InfoLinkPlus service.
Tacs provides consumers strong digital identity protection when viewing credit card account information online via InfoLinkPlus. Leveraging Tacs, PSCU Financial Services can quickly and cost effectively deploy a highly secure, authentication solution that meets Financial Institutions Examination Council (FFIEC) guidelines and delivers strong protection against emerging threats such as "man in the middle" or "man in the browser" attacks.
"Tacs ease of integration enables us to offer a highly secure solution that meets the diverse needs of our membership base," said Kenton Potterton, Director of Credit Services and Product Development for PSCU Financial Services. "The flexibility of TriCipher's solution will enable us to easily deploy and manage different levels and methods of authentication and is highly scalable, supporting future growth in the number of online users."
TriCipher's ongoing momentum is due to financial institutions recognizing that maintaining long-term customer confidence will require organizations to implement strong security measures to protect the integrity of user identities and online transactions. A Sept 29, 2006 Gartner report reveals that 87% of surveyed consumers said it was very important that Web sites such as online banks positively and proactively identify themselves to their users, and that 36.5% of consumer's surveyed felt security features were "extremely important" in influencing their decisions to conduct more business online. In a September 2006 exhaustive lab test of 13 multi-factor authentication solutions, SC Magazine concluded the security offered by Tacs is "excellent," and "provides some of the strongest authentication money can buy."
"We have built a unique, highly scaleable and re-useable appliance-based authentication solution that protects people, transactions and content," said John De Santis, CEO and executive chairman, TriCipher. "By helping PSCU Financial Services members more safely and accurately identify their online users, authorize access, complete transactions, protect content, and maintain compliance, we not only offer strong protection, but support their ability to build new business and service models for their online customers."