Online security and anti-fraud software provider Online Resources has announced that it will provide the industry’s only integrated security solution that bridges and protects both internet banking and bill payment applications.
The company says it has partnered with RSA Cyota Consumer Solutions, a division of RSA Security, to offer integrated risk-based authentication, anti-phishing technology and risk management reporting.
According to Online Resources, the solution will incorporate RSA Cyota’s multi-factor authentication capabilities and its anti-phishing and risk monitoring services. The company’s clients will also join the RSA Cyota eFraudNetwork, a cross-bank online fraud repository, which allows financial institutions to share fraudster profiles, and efficiently detect and stop online banking and online commerce fraud in real-time.
Deploying a security solution across tightly integrated online banking and payments applications provides our banking division’s full service clients critical advantages, including a richer, more cohesive view of transaction data and end-user activity, a seamless end-user experience and a streamlined response process, said Matthew Lawlor, chairman and CEO of Online Resources. Our internet bill payment and card services clients will also benefit from some of the same technologies.
Other features of the Online Resources security suite are said to include risk management reports of end-user activity and high-risk transactions, alerts, as well as consumer awareness campaigns and rapid response support enabled by the company’s multiple consumer touch points.