25 September 2017
Find out more

Bharosa introduces online authentication tool

08 November 2005  |  1830 views  |  0 Source: Bharosa

Bharosa, a provider of secure multifactor online authentication solutions, today announced a solution to authenticate users at the point at which they access highly sensitive digital check images online.

The new product, Bharosa CheckPad expands Bharosa's bundled suite of Virtual Authentication Devices, answering demand from financial institutions for Bharosa patent-pending technology applied to digital check image encryption.

Digital check images are becoming widely implemented in place of paper checks following the enactment of the Check Clearing for the 21st Century Act, commonly known as the Check 21 legislation, in October 2004. While digitization creates check handling efficiencies for banks, since images lend themselves to rapid retrieval, transmittal and storage, these same advantages can also increase fraud risks. The highly sensitive contents of checks, including account numbers, check numbers and customer signatures, can more easily be obtained by fraudsters. And once revealed, information on an account's recent check activity and balances may be all a fraudster needs to begin writing counterfeit checks undetected by the financial institution.

Bharosa CheckPad checks this fraud before it happens by requiring strong, multifactor online authentication, both at login and during an online banking session when a user attempts to view an image of a paid check. Proprietary Bharosa technology also encrypts the actual check image displayed online, so it can not be easily read through any automated means, such as Spyware programs or Trojans. This is made possible through a number of unique and patent-pending Bharosa encryption methods.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10937 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8878 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8788 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8457 views comments | 33 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
6943 views 1 | 8 tweets | 1 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job