Less than a year after leading the move to independent verification of transactional web site security, First Data Direct Banking is making the industry-leading ICSA TruSecure? web site certification available to its client banks.
“While the exponential growth of e-commerce demonstrates that Internet users are more comfortable with online financial transactions than they were as recently as a year ago, security concerns are still among the most pervasive impediments to the growth of Internet banking,” said Randy Kahn, president of First Data Direct Banking. “Enabling our financial institutions to offer their customers a `security blanket’ with their practices verified by a respected, independent agency, is one more way we’re helping them to increase consumer acceptance and usage of Internet banking services.”
Because the core systems where financial transactions take place at First Data Direct Banking’s data center have already been certified and are continuously monitored to ensure compliance with ICSA’s rigorous security standards, the time, effort and cost required to extend that certification one step further, to a NetPrecision financial institution’s web site, are reduced significantly. For a fee that is just a fraction of the cost of a complete ICSA TruSecure security service, NetPrecision clients will be able to certify their own sites and display the ICSA TruSecure logo, Kahn said.
“While online banking offerings continue to grow, so do security concerns. First Data Direct Banking has demonstrated a true commitment to security as well as privacy for its clients. Building on its TruSecure? Web certification, First Data Direct Banking has developed a program to extend independent validation of security requirements based on ICSA’s stringent standards to its clients,” said Peter Tippett, founder, chairman and chief technologist at ICSA. “This program contributes to a company’s ability to ease customer security issues and help its clients attain TruSecure certification. ICSA is pleased that First Data Direct Banking recognizes that security requires continuous effort.”
First Data Direct Banking pioneered use of the ICSA certification standard in the financial services industry in May of 1998, when it became the first industry vendor to obtain Web Host certification. A year later, financial services firms represent about 50 percent of ICSA’s new business development.
About First Data Direct Banking
First Data Direct Banking builds and hosts customized Internet financial service solutions for banks, credit unions, savings and loans, non-bank credit card issuers and brokerage houses of all sizes.
Using the NetSpeed(superscript: SM) process as a template, financial institutions can have fully functional, branded web sites up and running in just 30 business days with the NetPrecision system. First Data Direct Banking ties leading-edge online financial services partnerships and template, custom-built or existing web sites into transaction processing provided by electronic payments processing leader First Data Corp.
First Data Direct Banking can be found on the World Wide Web at [www.netprecision.com].
Atlanta-based First Data Corporation (NYSE: FDC) is a leader in payment systems, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or smart card at the point of sale or over the Internet; by check or wire money. For further information about First Data, please visit the Company on the Internet at [www.firstdatacorp.com]. About ICSA, Inc.
ICSA, Inc., a Gartner Group affiliate, is the world’s source of objective, independent, Internet security assurance services. Through ICSA’s TruSecure suite of services, businesses are managing their information security risks and expanding their usage of Internet technology. For the past 10 years, ICSA has collected data on security tools, best practices, and the industry at-large to become the central authority on information security. ICSA has used its leadership and expertise to support the growth of Internet business and commerce worldwide. Information Security is the official publication of ICSA and is dedicated to the needs of all security-conscious professionals. ICSA is headquartered in Reston, Virginia and has additional offices in North and South America, Europe and Asia. Contact ICSA at (888) 396-8348.