TriCipher, Inc., the leading provider of future proof risk based authentication, and PSCU Financial Services, the nation’s largest Credit Union Service Organization serving more than 500 credit unions, today announced they have entered into an agreement to deploy the TriCipher Armored Credential System (TACS) solution as part of its InfoLinkPlus(SM) service. TACS provides consumers strong digital identity protection when viewing credit card account information online via InfoLinkPlus. Leveraging TACS, PSCU Financial Services can quickly and cost effectively deploy a highly secure, authentication solution that meets Financial Institutions Examination Council (FFIEC) guidelines and delivers strong protection against emerging threats such as “man in the middle” or “man in the browser” attacks.
“TACS ease of integration enables us to offer a highly secure solution that meets the diverse needs of our membership base,” said Kenton Potterton, Director of Credit Services and Product Development for PSCU Financial Services. “The flexibility of TriCipher’s solution will enable us to easily deploy and manage different levels and methods of authentication and is highly scalable, supporting future growth in the number of online users.”
TriCipher’s ongoing momentum is due to financial institutions recognizing that maintaining long-term customer confidence will require organizations to implement strong security measures to protect the integrity of user identities and online transactions. A Sept 29, 2006 Gartner Inc. report reveals that 87% of surveyed consumers said it was very important that Web sites such as online banks positively and proactively identify themselves to their users, and that 36.5% of consumer’s surveyed felt security features were “extremely important” in influencing their decisions to conduct more business online. In a September 2006 exhaustive lab test of 13 multi-factor authentication solutions, SC Magazine concluded the security offered by TACS is “excellent,” and “provides some of the strongest authentication money can buy.”
“We have built a unique, highly scaleable and re-useable appliance-based authentication solution that protects people, transactions and content,” said John De Santis, CEO and executive chairman, TriCipher. “By helping PSCU Financial Services members more safely and accurately identify their online users, authorize access, complete transactions, protect content, and maintain compliance, we not only offer strong protection, but support their ability to build new business and service models for their online customers.”
About PSCU Financial Services
As a non-profit cooperative, PSCU Financial Services is owned by more than 500 member credit unions representing over 10 million cardholder accounts and more than 400,000 online bill payment subscribers. Its Contact Center services more than 10 million inquiries a year.
PSCU Financial Services maintains its headquarters and Eastern operations center in St. Petersburg, Florida. The company is also supported by a West Coast operations center based in Phoenix, Arizona. PSCU Financial Services is the nation’s largest Credit Union Service Organization (CUSO).
Established in 1977, the company provides a broad array of cost-effective, high quality financial services that include credit, debit, ATM, prepaid, bill payment, lending and contact center solutions. PSCU Financial Services uniquely offers its members a full range of processing options, any combination from full service to in-house pass through processing for credit, debit and ATM transactions. As the leader in the credit union industry, the company offers gateway access to national and regional networks. It also provides full function ATM terminal driving services.
For more information, visit the company’s Web site at http://www.pscufs.com.
About TriCipher, Inc.
TriCipher, Inc. provides Future Proof Risk Based Authentication. The TriCipher Armored Credential System(TM) (TACS) is the first authentication system that enables companies to deploy and manage multiple types of credentials from a single infrastructure. Through this flexible “Authentication Ladder,” TriCipher delivers future-proof security — protecting customers’ investment by enabling authentication strength to adjust in response to new threats and regulatory changes without the need to implement a new infrastructure. In addition, TriCipher delivers risk-based authentication, preventing online fraud through seamless integration with fraud detection systems, secondary authentication systems, and the ability to enforce security software presence checks for malware protection. Founded in 2000, TriCipher is headquartered in San Mateo, California. The company was incubated as NSD Security before launching as a separate entity in 2005 with backing from ArrowPath Venture Capital, Intel Capital, Trident Capital, and Wasatch Venture Partners. For more information, visit TriCipher on the web at http://www.tricipher.com.