Science & Technology
Science and Technology
Science and Technology
Mon, April 13, 2009
Fri, April 10, 2009
Thu, April 9, 2009
ActivIdentity: Co-operative Financial Services Selects ActivIdentity to Secure Online Transactions With Versatile Authenticatio
FREMONT, CA--(Marketwire - April 9, 2009) - ActivIdentity Corporation (
ActivIdentity's versatile authentication server secures money transfers, account updates and the addition of new payees. CFS's retail customers use their bank issued debit or credit cards to generate one-time-passwords for authentication and transaction signing. By replacing static passwords with 4TRESS strong authentication the bank is further protecting customer data with industry standard EMV security embedded on every debit and credit card issued by the bank.
Tony Britten, Director of Financial Crime Management for CFS, summed up what 4TRESS is set to deliver to CFS customers: "CFS has built its reputation on business and investment best practice. We aim to sustain customer confidence through effective fraud prevention. Offering our customers a simple way to improve their online banking security is a key driver for us." CFS has researched the market for an appropriate provider and as Tony says, "ActivIdentity's industry leading expertise, highly efficient support for EMV CAP authentication and the ability to use the same authentication infrastructure for multiple business units were key reasons behind our decision to appoint them."
"In the latest market overview on authentication, analysts see versatile authentication servers as the best solution for organizations that want to adopt multiple authentication methods and create a central hub for the organizations authentication infrastructure," said Michael Sotnick, executive vice president, worldwide sales and field operations. "4TRESS offers a simple way to add new authentication methods and migrate legacy methods without changing the authentication infrastructure. 4TRESS supports open standards like EMV and OATH, meeting the most important standards for strong authentication in retail banking in the United Kingdom and worldwide."
About Co-operative Financial Services
The Co-operative Financial Services is part of The Co-operative Group, the UK's largest consumer co-operative. The Co-operative Financial Services offers a comprehensive range of financial services including Retail, Business and Corporate Banking, Investments, Lending, and Insurance.
The Co-operative Bank is a core business within CFS and specializes in retail banking services (including internet banking via the bank itself and its smile subsidiary). Today The Co-operative Bank has more than 1 million online customers out of an overall customer population of a little over 2 million.
About ActivIdentity
ActivIdentity Corporation is a global leader in strong authentication and credential management, providing solutions to confidently establish a person's identity when interacting digitally. For more than two decades the company's experience has been leveraged by security-minded organizations in large scale deployments such as the U.S. Department of Defense, Nissan, and Saudi Aramco. The company's customers have issued over 100 million credentials securing the holder's digital identity. ActivIdentity is headquartered in Silicon Valley, California. For more information, visit [ www.actividentity.com ].
ActivIdentity and 4TRESS are registered trademarks in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.
Safe Harbor Statement
The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include risks relating to our history of losses and need for revenue growth and cost containment, the integration of acquired business and technologies, the variability of our quarterly results, and other risks identified under the caption "Risk Factors" in our most recent Annual Report on Form 10-K, and in subsequent Quarterly Reports on Form 10-Q, which are filed with the United States Securities and Exchange Commission (SEC). There can be no assurance that we will achieve targeted levels of revenues for fiscal 2009 or that our strategic initiatives will result in the anticipated benefits. Copies of our SEC filings, which have more information about these and other risks, are available from the Company and on the SEC website at [ www.sec.gov ]. Actual results, events and performance may differ materially from our forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
