Arcot and Yodlee Partner Providing Multi-Factor Online Security for Financial Applications.Financial Institutions Reap the Benefits of Arcot Strong Authentication to Securely Track and Manage Customers' Financial Assets Financial assets Claims on real assets. SUNNYVALE, Calif. -- Arcot Systems, Inc., the leading provider of multi-factor authentication, risk management, and digital signature solutions, today announced a partnership with Yodlee, Inc., an innovator and leading provider of online financial solutions, to deliver multi-factor authentication capabilities with the full suite of Yodlee's solutions and services. Financial institutions will now have the ability to use Arcot's strong authentication and risk management solutions to prevent identity theft and fraud while ensuring seamless interoperation with Yodlee's suite of solutions - including bill pay, personal financial management (PFM), and advisor applications. Arcot and Yodlee will integrate the Arcot[R] RiskFort[TM] risk management and Arcot[R] WebFort[R] multi-factor authentication solutions with the full suite of Yodlee applications. RiskFort measures the fraud potential of every online transaction while WebFort provides strong, PKI-based user authentication See authentication. with a simple username/password interface. RiskFort and WebFort are included in Arcot's suite of FFIEC-compliant strong authentication solutions. "Yodlee is committed to ensuring that consumers have secure access to their personal accounts wherever they choose to access that information," stated Schwark Satyavolu, Chief Technology Officer at Yodlee. "Both through our own technological innovation and through partnerships with leading strong authentication providers like Arcot, we are helping to provide a robust, secure solution that gives financial institutions the ability to reduce the risk of online fraudulent access and improve customer confidence of online transactions." Arcot's RiskFort examines the characteristics of each online transaction using multiple factors including Device ID, IP address, time and frequency of access to score the potential for fraud for every online transaction. Organizations can set their own risk threshold for a range of response options, based on the risk score. The responses range from allowing a transaction, to prompting for additional information, to escalating to a customer service representative, to real-time blocking. Arcot's WebFort provides true user two-factor authentication The use of two independent mechanisms for authentication; for example, requiring a smart card and a password. The combination is less likely to allow abuse than either component alone. See authentication. using the ArcotID[R] software smart card. WebFort delivers strong authentication and protection from attacks including man-in-the-middle while continuing to support the familiar user name and password interface. "The partnership between Arcot and Yodlee gives customers access to Yodlee's solutions and services with the added protection provided by Arcot's RiskFort risk management and Arcot's WebFort strong authentication," stated R. 'Doc' Vaidhyanathan, Vice President of Product Management for Arcot. "This strategic partnership strengthens online banking authentication and provides easy access to financial applications." To learn more, visit our web site at www.arcot.com. About Arcot Systems Arcot Systems is a leading provider of secure e-payment, strong authentication, credential management, and digital signature software solutions. The company's cost-effective and highly scalable software-based authentication products limit online transaction fraud and enable advanced functionality such as the turn-key issuance of roaming credentials and secure electronic document exchange. Arcot's products meet the need for strong, multi-layered transactional security while providing customers with a seamless, user-friendly experience. The company's offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC FFIEC Federal Financial Institutions Examination Council Internet Banking Authentication recommendations. Enterprises also work with Arcot to meet legislative requirements such as Sarbanes-Oxley and HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, . Over 11,000 card-issuing banks and 25,000 online merchants and other enterprises use Arcot to protect the identities of millions of consumers worldwide. For more information, visit www.arcot.com. About Yodlee Leading financial institutions trust Yodlee to power critical online banking applications that increase profitability and drive more value from the online channel. Yodlee's proven consumer banking, payments solutions, wealth management, and risk management applications unify all personal financial account information to deliver a simple, centralized and secure way for consumers to manage all of their financial tasks - any time, anywhere. Yodlee makes financial institutions' websites essential to their customers and generates new revenue opportunities. Over 100 leading financial institutions and portals, including Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company. , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Fidelity, JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. , Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , and MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , today offer Yodlee-powered solutions to millions of customers worldwide. Yodlee operates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe and is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. . For more information, visit www.yodlee.com. |
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