Member Driven Technologies Selects Digital Resolve to Provide Strong Protection for Online Banking
Fraud Analyst to Offer Seamless Authentication to Credit Union Members
ATLANTA — December 18, 2006 — Member Driven Technologies, a Credit Union Service Organization (CUSO) focused on serving the unique technology needs of its credit unions utilizing Symitar's Episys platform, today announced that it has chosen to deploy Digital Resolve’s Fraud Analyst™ risk-based authentication platform across its client base to protect credit union members against online fraud and identity theft. Member Driven Technologies will use Digital Resolve’s Zero Impact deployment option, which allows for application independent deployment of multi-factor authentication.
“We looked at authentication solutions from our web banking platform provider and other security providers, and chose to go with Digital Resolve because it allows us to roll out a proven solution to our entire client base in a matter of a few weeks, and will immediately allow our clients to provide their members strong protection, without having to change the online experience they’ve come to appreciate,” said Larry Nichols, CEO & President, Member Driven Technologies. “Beyond the technology, we wanted to work with Digital Resolve because they are dedicated to what they do; they offer exceptional customer service; and they showed a true understanding of our needs.”
Fraud Analyst is a real-time identity verification and risk-based authentication solution that is helping financial institutions of all sizes reduce online fraud by as much as 90 percent, and is the only solution available today that provides 360 degree protection against online fraud – from new account opening and enrollment, to login authentication to high-risk transactions. Using a combination of machine identifiers, patented IP Intelligence and geo-location information, and an array of risk analysis factors, Fraud Analyst’s patent pending Behavior Profiles analyze the way in which members access their online accounts. Should a login attempt or member transaction deviate from the norm or otherwise meet pre-defined risk thresholds set by the financial institution, transactions can be further authenticated via a number of methods including challenge/response questions, out-of-band authentication, e-mail notification or tokens – in real time.
“We’re pleased that we have a deployment option that allows Member Driven Technologies to have a choice in the type of authentication that it offers to clients,” said Dennis Maicon, Executive Vice President of Financial Services Solutions, Digital Resolve. “A lot of companies are coming to us requesting to deploy our Fraud Analyst platform without integration into their existing environment. Our Zero Impact deployment option leverages our Authentication Gateway to offer choice and speed of deployment, allowing companies such as Member Driven Technologies to offer seamless authentication to its clients and their members without integration into their existing applications.”
About Member Driven Technologies
Headquartered in Warren, Michigan, Member Driven Technologies is a Credit Union Service Organization (CUSO) that was founded by credit unions, and is dedicated to serving the unique needs of its credit unions by providing the technology and services that will help to fuel the growth of its clients – and serve the needs of their members. For more information visit www.mdtmi.com.
About Digital Resolve
Recognized as the authority in transparent, risk-based authentication, Digital Resolve is leveraging its heritage and unsurpassed knowledge about online interactions to deliver deep understanding and value to financial services institutions and online enterprises to help them fight online fraud. Many of the largest technology and financial services companies, including Symantec, EarthLink, Lexis Nexis, McAfee, NetBank, and Experian rely on Digital Resolve’s technologies and solutions to identify and recognize users within the Internet universe for applications ranging from analytics to online security to user authentication.
With an unrivaled combination of Internet technology and financial services expertise, Digital Resolve is uniquely positioned to help financial services institutions distinguish real customers from online criminals, delivering peace of mind that the online channel is safe, profitable and positioned for continued growth. For more information visit www.digital-resolve.net.
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