19 October 2017
visit www.avoka.com

Bank of Hawaii secures mobile channel with OBS

05 October 2009  |  1278 views  |  0 Source: Online Banking Solutions

Online Banking Solutions (OBS) today announced that Bank of Hawaii successfully implemented its Online Messenger version 3.0 and M-Secure Banking Suite for cash management customer file transfer and information delivery.

Online Messenger is a multi-channel event-based information and file delivery platform providing commercial clients with a central access point for all online banking in order to view and execute financial transactions. OBS developed the M-Secure Banking Suite to provide straight-forward and secure file exchange between banks and their commercial customers through any of three delivery channels: Web, M-Secure Desktop Connection or Secure FTP.

The suite's M-Secure Browser is a hardened Internet browser with integrated two-factor and mutual authentication, and the new M-Secure Virtual Keyboard is designed to mitigate Internet fraud and prevent the harvesting of private information via keyloggers. The new M-Secure File Transfer Service enables banks to transmit and receive data automatically using the Web, OBS Desktop Connection Client or Secure FTP. Additionally, Bank of Hawaii will use M-Secure Browser's ACH file validation and loading, positive pay issue file input, and extended ACH/EDI reporting service.

"We are pleased to bring these new services to our customers and offer both enhanced security and an improved user experience," said Coleen Shoji, Bank of Hawaii's Senior Vice President of Cash Management Services. "Changes in online business banking require new solutions and continuous improvements to remain competitive."

Bank of Hawaii's commercial customers will utilize the M-Secure Browser for secure access to reports, data and single sign-on to other secure cash management applications without the need for a physical authentication device, or hard token. The M-Secure Browser relies on integrated two-factor and mutual authentication provided on downloaded software tokens for device and user authentication as well as confirmation of authenticity of other Websites.

"We are hearing progressively more stories about Internet fraud in online business banking," said Joe Spatarella, VP, Sales and Marketing for OBS. "The problem, however, is not online banking. It's the security weaknesses exposed by the commercially available browser offered for these solutions that often result in billions of dollars lost to opportunistic fraudsters each year. Banks such as Bank of Hawaii look to OBS to innovate and bring them proven solutions to solve these new business challenges and mitigate fraud. Our M-Secure Banking Suite is aimed towards achieving those goals while providing excellent service for their business clients, and we look forward to supporting our customers to help minimize today's security threats."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15731 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8903 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7988 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7101 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6243 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job