Strategic Partnership Offering Safe2Login(TM) Multi-Factor Authentication Technology Making Credit Unions FFIEC Compliant.BERLIN, Vt. -- L9.com and Sharetec Systems, Inc. announce a strategic partnership that will offer the integration of L9.com's Safe2Login(TM) multi-factor authentication technology into the Sharetec Systems Inc. data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a program, a powerful and flexible data processing system used by credit unions nationwide. This integration will provide Sharetec System clients with enhanced authentication capabilities that meet the recent guidance put forth by the FFIEC FFIEC Federal Financial Institutions Examination Council . "Our clients need to be able to meet FFIEC guidelines for authentication, and part of that rests on our ability to provide them with a strong security solution that is secure, easy to use and will be readily accepted by our client base and their members. Safe2Login(TM) sets new standards in meeting those challenges," said Rick Ashbach, Director of Software Development at Sharetec Systems, Inc. Safe2Login(TM), the winner of the CUNA Cuna Chibchan-speaking Indian people who once occupied the central region of what is now Panama and the neighbouring San Blas Islands and who still survive in marginal areas. In the 16th century they lived in federated villages under chiefs who wielded considerable power. 2005 Future Forum Best of Show award offers the only mutual authentication Mutual authentication or two-way authentication refers to two parties authenticating each other suitably. In technology terms, it refers to a client or user authenticating themselves to a server and that server authenticating itself to the user in such a way that both solution that is coupled with a trust authority model. As such it is one of the strongest solutions we've seen, and we've seen most of them. We are excited about this partnership because this technology will serve an urgent need for our clients by providing a secure solution that end users will appreciate." "With Sharetec we have a partner that allows us to achieve higher market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" for Safe2Login(TM) in a shorter period of time", said Dave Mayette, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , L9.com "We are pleased they have decided to use Safe2Login(TM) to offer their clients a state-of-the-art multi-factor, mutual authentication solution". Safe2Login(TM) is a multi-factor, mutual authentication solution for financial institutions to comply with the FFIEC guidance and to protect members from becoming victims of identity theft due to phishing or pharming pharming (fär`mĭng), the use of genetically altered livestock, such as cows, goats, pigs, and chickens, to produce medically useful products. attacks that take place online on an increasingly frequent basis. Safe2Login(TM) acts as a third-party trust authority and works in unison with an existing online banking login process by employing "mutual authentication" and "device authentication" as complementary methods, safeguarding against malicious emails, bogus websites and identity theft. Online banking users are thus assured that they are logging into their authentic banking servers. About Sharetec Systems, Inc. Sharetec is a provider of graphical software solutions and consulting services to the credit union marketplace. Sharetec provides both in-house and on-line solutions, allowing credit unions the freedom and flexibility that fits their particular needs. Serving the credit union community for almost 15 years, Sharetec has built its reputation on delivering easy to use, efficient systems that streamline workflow. About L9.com L9, a web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. technology CUSO CUSO Credit Union Service Organization CUSO Canadian University Services Overseas CUSO Canadian University Services Organization CUSO Carson United Soccer Organization , is a partnership between two leading organizations in the Credit Union movement: Level 9 Inc, and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Federal Credit Union. The organizations joined forces in 2005 to bring the best of Credit Union website development to the industry. L9.com provides award-winning Credit Union website design, interface design and custom application development services, third-party integration services, including multi-language website support as well as CUSite, an advanced website management solution. L9.com is the first service provider to win consecutive CUNA Future Forum "Best of Show" awards, in 2005 for Safe2Login(TM), its Banking Login Multifactor Authentication security software solution and in 2006 for its Behavior-Based Promotion and Sales Manager software - an online targeted marketing solution which supports campaign management with cross-selling intelligence to offer "smart" websites based on individual user identified needs. |
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