ATLANTA -- S1 Corporation (Nasdaq: SONE - News), a leading provider of customer interaction software for financial and payment services, announced that financial institutions using its Internet Banking System (IBS) solutions are among the first institutions to successfully roll out enhanced authentication to their online banking users, ahead of the year- end 2006 deadline.
S1 made its multi-factor authentication capabilities generally available to its IBS customers in May. Since the introduction, S1's IBS customers have implemented the strong, risk-based authentication security solution to online banking users. The S1 authentication solution, based on RSA Security technology, is designed to safeguard online banking customers without sacrificing ease of use. The solution now provides consumers with convenient yet powerful identity authentication and fraud prevention capabilities.
"We're delighted S1 took a leadership role in helping to protect online transactions from fraud," said Veronica Funaro, assistant vice president and manager of online banking at Farmers and Merchants Bank of Long Beach, which has rolled out the authentication solution to its customers. "S1's enhanced authentication adds more stringent security without disrupting the online user's banking experience, and that's extremely important to us."