PassMark, ActivIdentity to Demonstrate the Latest Solutions for Secure Authentication of Online Transactions at RSA Security Conference 2006
Posted on: Tuesday, 14 February 2006, 15:00 CST
RSA Conference -- PassMark Security, the global leader in strong mutual authentication for online banking and e-commerce, and ActivIdentity (NASDAQ: ACTI), a global provider of hardware- and software-based digital identity assurance products and services, are teaming up at the RSA Conference 2006, February 13-17, Booth 1131, at San Jose's McEnery Convention Center to preview a comprehensive range of secure authentication solutions for financial institutions and e-commerce providers.
The two companies will demonstrate solutions for secure online authentication that offer an unparalleled combination of flexibility, cost effectiveness, rapid implementation and the ability to achieve compliance with authentification requirements such as EMV (Europay, MasterCard, Visa), the emerging global standard for smart cards, and guidance from the Federal Financial Institutions Examination Council (FFEIC) for U.S. financial institutions.
The PassMark system includes both Two-Factor Two-Way Authentication(TM) and real-time, risk-based transaction analysis to protect the front door (i.e., login) and the back door (i.e., financial transaction). Since the second-factor of authentication utilizes devices online users already possess, their computers and phones, the result is unprecedented end-to-end protection for financial institutions and their customers against phishing, spoofing, keyboard logging and other fraudulent attacks, without requiring users to carry any new hardware or install any new software. And with the world's largest database of online banking authentication data, PassMark's risk analytics are the most robust available today, providing strong, layered security.
ActivIdentity provides a variety of device-based security and authentication products, including secure remote access, single sign-on, enterprise access cards, readers and multi-channel identification and verification. They allow companies to positively identify users and confirm their network privileges, enabling increased productivity and profitability and secure expansion of e-commerce services.
"The PassMark Two-Factor Two-Way Authentication system combined with the 4TRESS Authentication Server from ActivIdentity, is a powerful solution," said Jeff Scheel, chief development officer for PassMark Security. "Together, PassMark and ActivIdentity can provide an extensible framework that spans broad-level tokenless access as well as stronger authentication when needed, using One-Time Password (OTP) devices such as hardware and software tokens and smart cards."
"Financial institutions around the world will be able to mix and match everything from PassMark's strong tokenless authentication to OTP cards to the EMV chip authentication program algorithm on smart bankcards," said Ed MacBeth, senior vice president of business development at ActivIdentity. "We also make it possible for them to evolve easily, which is really important to many regions of the world as they go forward with EMV bankcard migration."
Other advantages of the PassMark/ActivIdentity agreement:
-- Rapid deployment of a two-factor authentication solution -- Ease of integration with existing systems -- A one-stop software, hardware and fulfillment solution
About PassMark Security
PassMark Security is the global leader in strong mutual authentication and layered security for online banking and e-commerce that is convenient enough for broad consumer use. Installed or being deployed at more than 20 financial institutions in three countries, the PassMark system will be protecting more than 20 million online users by the end of Q106. In its 2005 year-end cover story, Business Week named it one of the "25 Best Products of 2005." More information is available at www.passmarksecurity.com.
About ActivIdentity
ActivIdentity is a global provider of digital identity assurance solutions that allow customers to issue, use and manage trusted digital identities for secure transactions, communication and access to information. The Company's solutions include secure remote access, single sign-on, enterprise access cards, and multi-channel identification and verification. More than 10 million users globally in the enterprise, government and financial industries use the Company's solutions to safely and efficiently interact electronically. Headquartered in Fremont, Calif., the Company has development centers in the United States, Australia, France and the United Kingdom and sales and service centers in more than 10 countries. For more information, visit www.actividentity.com.
Press Contacts: Deb Montner Montner & Associates for PassMark 203-226-9290 Contact via http://www.marketwire.com/mw/emailprcntct?id=1FAD6F42017043B9 Tim Polakowski McGrath/Power for ActivIdentity 408-727-0351 Contact via http://www.marketwire.com/mw/emailprcntct?id=A9D7DFD2D86C21FC
SOURCE: PassMark Security
Source: MARKET WIRE
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