Actimize and Corillian Deliver Integrated Cross Channel Fraud Solution.Three Top Banks Adopt the Integrated Solution for End-to-End Protection NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & PORTLAND, Ore. -- Actimize, a leading provider of fraud prevention and compliance solutions utilized by six of the top ten global banks, and Corillian Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CORI), the top provider of online banking, payment and security solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, today announced support for the integration of the Actimize Cross Channel Electronic Banking and Payment Fraud Prevention solution and Corillian Voyager and Intelligent Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. [TM] solutions. The combined offering provides comprehensive risk-based authentication and cross-channel transaction fraud monitoring for all online banking activity. Three top banking institutions have already adopted this integrated offering. "In a June 2006 evaluation of online authentication and fraud detection vendors performed by Aite Group, Actimize was recognized as 'Best Enterprise Fraud Management solution' and Corillian was awarded 'Best Value For FFIEC FFIEC Federal Financial Institutions Examination Council Compliance For Corillian Online Banking Customers'," said Gwenn Bezard, Research Director, Aite Group. "Cross-channel transaction fraud detection remains a blind spot at a large number of financial institutions today. The integration of the Actimize fraud prevention solution not only adds a robust transaction fraud detection layer on top of Corillian's authentication solution, but it also propels Corillian Voyager customers to the forefront of the cross-channel fraud prevention battle." Together, these solutions provide proactive login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. and cross-channel transaction monitoring including ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to , wire transfer, bill payment and internal transfers. Once potential fraud is detected, action is taken by either diverting di·vert v. di·vert·ed, di·vert·ing, di·verts v.tr. 1. To turn aside from a course or direction: Traffic was diverted around the scene of the accident. 2. a transaction for analyst review using the case management tools, challenging online banking users with additional security questions, or by blocking the transaction. "By instituting this partnership with a leading fraud prevention provider, Corillian enables our Voyager platform customers to create the most secure online banking experience," said Greg Hughes, Corillian chief security executive. "The solution helps financial institutions prevent cross-channel fraud and enhance their FFIEC compliance while minimizing end user impact." "Our vision and technology enable banks to break away from today's siloed fraud solutions and deploy a holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine transactional fraud detection and prevention capability across the enterprise," said Amir Orad, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and chief marketing officer of Actimize. "We are excited to be working with Corillian, the leading online banking solution provider." Corillian Voyager is the industry-leading Internet banking platform enabling financial institutions to integrate Corillian online banking solutions, customer-written applications and third party applications to give their customers the tools to manage their financial lives efficiently and conveniently online. Corillian Intelligent Authentication employs a knowledge-based behavioral approach to authentication by building a history of "access signatures" for individual users. This is accomplished by collecting and validating information about each user's computer and method of Web site access without collecting personally identifiable information In information security and privacy, personally identifiable information or personally identifying information (PII) is any piece of information which can potentially be used to uniquely identify, contact, or locate a single person. or requiring participation of the end user in the data collection process. The Actimize Cross Channel Electronic Banking and Payment Fraud Prevention solution enables comprehensive monitoring of cross-channel transactions and greater visibility and correlation of suspicious activity across all of a bank's lines of business. This unique approach allows security analysts to focus investigations on real threats while catching over 90 percent of all fraud cases. About Actimize Actimize is a leading provider of enterprise software solutions for anti-money laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. , broker/dealer compliance, and fraud prevention. We deliver transactional risk mitigation solutions built on a patented, scalable, and extensible analytics platform. Actimize solutions enable financial institutions to increase their insight into real-time customer behavior and improve risk and compliance performance. Six of the top ten global banks and eight of the top ten US brokerages use Actimize solutions and in total our solutions provide surveillance and compliance monitoring for over US$5 trillion in assets. Actimize solutions have been implemented worldwide at leading financial services institutions including banks, brokerages, and insurance firms as well as regulatory bodies and government agencies. For more information visit: http://www.actimize.com. About Corillian Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, as well as an extensive set of integration solutions to enable seamless connectivity between legacy systems and Web and database applications. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects . Corillian's fraud prevention solutions use Preemptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. Forensics See computer forensics. [TM] to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world's most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company's web site at http://www.corillian.com. |
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