Corillian Corp. (NASDAQ:
CORI), the top provider of online banking, online payments and anti-fraud
solutions to the financial services industry, and StrikeForce Technologies,
(OTCBB: SKFT), experts in identity assurance, announced a joint
offering to help financial institutions proactively prevent identity theft
and fraud, strengthen online banking authentication and comply with FFIEC
guidance.
Corillian and StrikeForce will protect financial institutions' online users
with a comprehensive authentication service combining Corillian's
Intelligent AuthenticationT with StrikeForce's "Out-of-Band"
authentication platform, ProtectIDT. The joint offering helps to
proactively detect fraudulent online activity and prevent illegitimate users
from accessing accounts.
Benefits include:
- Easy implementation - no software downloads
- Easy-to-use, uninterrupted online banking experience
- Strong authentication with multiple layers and multi factors
- Device flexibility for financial institutions and their customers
"Online banking is undergoing a permanent shift that requires secure and
user-friendly technology, affordable prices, and rapid deployment," said
Mark L. Kay, CEO of StrikeForce Technologies. "The FFIEC guidelines present
a marked adjustment for the online user and the financial institutions that
offer very flexible and streamlined solutions will attract and retain these
online customers."
"Financial institutions are looking for strong online authentication methods
that don't disrupt the online banking experience that customers are used
to," said Alex Hart, president and CEO of Corillian. "The multiple layers of
Intelligent Authentication were designed with the online banking user in
mind - to provide ultimate protection of online accounts without
compromising the convenience of online banking. StrikeForce's "Out-of-Band" authentication process complements Intelligent
Authentication and provides financial institutions with additional layers of
multi-factor protection for their online customers."
StrikeForce's patent-pending ProtectID is the first and only "Out-of-Band"
identity authentication solution that creates a separate pathway for users
to enter a PIN over the telephone that takes seconds to authenticate the
identity of the online customer. Biometric devices, such as fingerprint and
iris scanners, as well as one-time passwords (OTPs) can be added or
substituted for additional versatility and layers of security. The different multiple methods of authentication eliminate the need to carry or purchase new technology, making two-factor authentication affordable and
quickly deployable.
Intelligent Authentication employs a behavioral approach to authentication
by building a history of "access signatures" for individual users. This is
accomplished by collecting and validating information about each user's
computer and method of Web site access without collecting personally
identifiable information or requiring participation of the end user in the
data collection process. An electronic access signature is created by
combining a number of key identification points, such as IP address,
Internet service provider, PC and browser settings, time of day and
geographic location. It is a zero footprint authentication solution that
does not require client hardware or software, is not dependent on the
existence of any special marker or cookie on the user's PC, and does not
require interrogation of the user's PC via downloaded software.
About StrikeForce Technologies
StrikeForce Technologies, a leader in online identity assurance solutions
that prevent identity theft, is a company that can protect customers,
partners and employees - in real time against identity fraud at almost every
access point. Its total protection solution strengthens companies'
defenses against the biggest points of fraud - when accounts are opened,
when they're accessed, when they're changed, and each time there's a new
transaction. StrikeForce Technologies is trading on the OTC bulletin board
(SKFT) and the company is headquartered in Edison, N.J., and can be reached
at www.strikeforcetech.com or (866) 787-4542.
About Corillian Corporation
Corillian is the market leader of online banking, bill payment and fraud
prevention applications to the financial services industry. With 28 of the
top 100 U.S. banks and 20 of the top 100 U.S. credit unions as customers,
Corillian serves over 25 percent of the online banking community.
Corillian provides the most flexible, scalable and secure set of online
banking applications across multiple lines of business, integrating
best-practice functionality developed for some of the most innovative
financial institutions in the world. Corillian features integrated
applications across Consumer Banking, Small Business Banking, Wealth
Management, Credit Card Management, and Corporate Cash Management, as well
as enterprise wide solutions, including Fraud Detection, Payments Warehouse,
Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use
Preemptive ForensicsT to protect web sites from phishers, hackers, and
fraudsters. Corillian's strong authentication solution provides a low-cost
solution for multi-factor authentication while maintaining high user
satisfaction. Empowered by Corillian solutions, some of the world's most
visionary financial institutions provide their customers with the tools to
manage their finances more effectively and securely. For more information
about Corillian Corporation, visit the company's Web site at
www.corillian.com.