17 October 2017
Register now

PhoneFactor and Fundtech partner on Web banking security

12 October 2010  |  3579 views  |  0 Source: PhoneFactor

PhoneFactor, the leading global provider of out-of-band authentication services, today announced that it has entered into a partnering agreement with Fundtech (NASDAQ:FNDT) to provide additional security for online banking logins and transactions.

PhoneFactor is now available as an integrated option within CASHplus, Fundtech's award-winning cash management solution. Integration with other Fundtech products is also available through the PhoneFactor Universal Banking Gateway.

Fundtech has over 1,000 clients worldwide, including 50 of the world's leading banks. "Our clients look to us as a trusted partner in the fight against online banking fraud," said Ed Gainer, Senior Vice President of North American Cash Management at Fundtech. "We are committed to providing them with best-in-class products to address today's online banking threats. By partnering with PhoneFactor, we've made it easier than ever for our clients to enable out-of-band authentication to enhance the protection of their online banking customers."

PhoneFactor will provide Fundtech clients with integrated out-of-band authentication services, including user authentication and transaction verification services. PhoneFactor works by placing an automated call to the online banking user during login. The user simply answers the call and presses # (or enters a PIN) on the phone keypad to complete the login. In addition to ensuring that the legitimate user is logging in, PhoneFactor can verify specific online transactions, protecting against man-in-the-middle attacks from malware like Clampi and ZeuS, all through an out-of-band channel. PhoneFactor also offers out-of-band authentication by sms text message and a voice biometric option.

"We are pleased that Fundtech clients will now have direct access to PhoneFactor's leading authentication technology from within the CASHplus solution," said Tim Sutton, CEO of PhoneFactor. "By working together, PhoneFactor and Fundtech can help financial institutions quickly deploy out-of-band authentication to protect against even the most sophisticated online banking threats."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.capgemini.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14524 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13115 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8995 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7970 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7647 views comments | 13 tweets | 13 linkedin

Featured job

circa £250K total package

Find your next job