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IBM selected by Metrobank for on-line banking security.

TELECOMWORLDWIRE-19 January 2009-IBM selected by Metrobank for on-line banking security(C)1994-2009 M2 COMMUNICATIONS LTD

Information Technology company IBM (NYSE:IBM) announced on Friday (16 January) that it has been selected by Metrobank, a private bank in the Philippines, to integrate and implement an advanced security solution for the bank's Metrobankdirect, an Internet banking facility.

Under the agreement IBM Internet Security Systems will deploy the Two-Factor Authentication (2FA) security solution under which the user will provide a second means of identification in order to obtain access to Metrobank's online banking facility.

IBM has deployed its VASCO's authentication token solution and Data Security Systems Solutions for the implementation of this project.

With this 2FA system, Metrobank will reportedly be able to strengthen its compliance with BSP Circular 542 on Consumer Protection for Electronic Banking.

Financial details of the agreement were not disclosed.

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Date:Jan 19, 2009
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