S1 Corporation, a provider of customer-interaction software for financial services, claims it will now be able to offer its financial institution customers enhanced authentication capabilities as a result of its partnership with PassMark Security.
PassMark Security, an online security solutions provider, is integrating its risk-based authentication security system with S1’s retail and small business online banking solutions. S1 says this will provide its financial institution customers with enhanced authentication capabilities that are compliant with FFIEC guidance.
According to S1, PassMark’s security system offers end-to-end protection for financial institutions and their customers against phishing, spoofing, keyboard logging and other fraudulent attacks, without requiring their users to carry any new hardware or install any new software.
Lynn Young of Zions Bancorporation, a current S1 customer, said, The solution offered by PassMark protects our customers’ sensitive financial information as it uses the customers’ devices for accessing online banking without negatively impacting their online experience. We anticipate positive customer response and are pleased to see two of our key partners now working together.