CheckFree Investment Services Selects TriCipher for Multifactor Authentication
17 Janeiro 2006 - 11:00AM
PR Newswire (US)
SAN MATEO, Calif., Jan. 17 /PRNewswire/ -- TriCipher, Inc.
announced today that CheckFree Investment Services, a division of
CheckFree Corporation (NASDAQ:CKFR), has selected the TriCipher
Armored Credential System (TACS), an industry leading multifactor
authentication solution for its next generation platform, CheckFree
EPL(TM) (Enhanced Portfolio Lifecycle). CheckFree will use the
TriCipher solution to strengthen security on behalf of sponsor
firms, money managers and financial advisor clients that use the
CheckFree platform for the automation of investment management,
trading, portfolio performance and investor reporting. As a leading
technology and service provider to the financial services sector,
CheckFree is committed to providing consistently high quality,
secure environments. The TriCipher solution will provide stringent
authentication requirements when financial services professionals
are attempting to access CheckFree's portfolio management platform.
CheckFree will integrate the TriCipher authentication technology
into CheckFree EPL, the new platform being developed to gradually
replace CheckFree APL, the industry leading solution. The next
generation service will provide more robust multi-currency, trade
order management and cash management/margin capabilities, among
other features. CheckFree EPL is being developed to provide a
single platform solution to money managers that can deliver
superior business, operational and cost efficiencies to both their
institutional business and separately managed accounts. CheckFree
Investment Services clients will be able to implement a
user-friendly version of TriCipher's robust strong authentication
system and still maintain enough flexibility to create different
authentication levels that match application, data or user risk.
The base solution enhances log-in security beyond username and
password by storing a second factor of identity authentication on
each authorized user's PC that helps identify legitimate users.
Depending on the level of security desired, a financial institution
can elect to incorporate additional layers of authentication from
users such as challenge questions and temporary passcodes,
downloaded software modules, USB memory tokens, or other methods of
identity verification. "CheckFree EPL will deliver a number of
advantages to our investment marketplace clients, including
multi-factor authentication, the strongest identity verification
process currently available," said Alex Marasco, CheckFree
Investment Services Executive Vice President and General Manager.
"The addition of TriCipher's technology to our next-generation
CheckFree EPL platform is consistent with our commitment to provide
the highest levels of quality and innovation, while driving out
costs through operational efficiencies for our customers." "While
new regulations, such as the recent FFIEC guidelines for multi
factor authentication, will enhance adoption of strong
authentication, market leaders like CheckFree Investment Services
continue to stay ahead of the ever evolving financial electronic
commerce market," said Sandra Bergeron, Executive Chairman,
TriCipher Inc. "We are extremely pleased to be selected by a
demanding customer like CheckFree Investment Services." About
TriCipher TriCipher, Inc. provides strong authentication for the
real world. The first authentication system that issues multiple
types of credentials from a single infrastructure, the TriCipher
Armored Credential System(TM) (TACS) allows for authentication
strength to change in response to new threats without any
infrastructure changes. Its patented technology fills the gap
between authentication systems that are either not secure enough or
too hard to use and deploy. TriCipher's innovative approach to
strong multi-factor authentication protects against phishing and
eliminates dictionary attacks. 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.
Investors in TriCipher are ArrowPath Venture Capital, Intel(R)
Capital, Trident Capital and Wasatch Venture Partners. About
CheckFree (http://www.checkfreecorp.com/) Founded in 1981,
CheckFree Corporation provides financial electronic commerce
services and products to organizations around the world. CheckFree
Electronic Commerce solutions enable thousands of financial
services providers and billers to offer their customers the
convenience of receiving and paying their household bills online or
in person through retail outlets. CheckFree Investment Services
provides a broad range of investment management solutions and
outsourced services to thousands of financial services
organizations, which manage more than $1.2 trillion in assets.
CheckFree Software develops, markets and supports software
applications that are used by financial institutions to process
more than two thirds of the 12 billion Automated Clearing House
transactions in the United States. The division also provides
operational risk management, financial messaging, corporate
actions, and regulatory compliance software to more than 1,500
organizations across the globe. DATASOURCE: TriCipher, Inc.
CONTACT: Elizabeth Safran of Trainer Communications,
+1-408-920-0585, or , for TriCipher, Inc.; or Sally Sheward of
TriCipher, Inc., +1-650-372-1312, or ; or media, Judy DeRango
Wicks, +1-678-375-1595, or , or investors, Tina Moore,
+1-678-375-1278, or , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/ Web site: http://www.tricipher.com/
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