CheckFree Deploys RSA's Authentication Technology on Industry-Leading Electronic Billing and Payment Platform
06 Novembro 2006 - 1:30PM
PR Newswire (US)
CheckFree enables secure Internet log-ins for consumers paying
bills at biller and bank websites ATLANTA and BEDFORD, Mass., Nov.
6 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR)
announced today that it will deploy risk-based authentication
technology from RSA, The Security Division of EMC, as part of its
ongoing initiative to provide the most secure environment possible
for consumers paying their bills online at financial websites.
CheckFree provides industry-leading electronic billing and payment
services to millions of consumers through more than 2,000 financial
institutions and other providers. For fiscal 2006, which ended June
30, 2006, CheckFree processed 1.13 billion transactions,
representing 25 percent growth over the previous fiscal year.
CheckFree will implement RSA's risk-based authentication technology
to provide financial institution and biller customers with
additional layers of fraud detection and authentication security
for their consumers accessing CheckFree's electronic billing and
payment applications. CheckFree will run the RSA(R) authentication
system with its own FraudNet(TM) offering, the world's only fraud
engine specifically designed to detect and prevent fraudulent
electronic bill payment transactions. In addition, CheckFree will
utilize the RSA(R) eFraudNetwork(TM) community, RSA's anti-fraud
repository. "As a key component in CheckFree's Consumer Identity
Protections Strategy, RSA provides strong user authentication that
complements and extends our own fraud prevention and
behind-the-scenes layered security controls," said Ed Sarama, vice
president and chief security officer for CheckFree. CheckFree is
committed to implementing sophisticated, state-of-the-art security
measures that achieve the highest standards of quality and
operational excellence. CheckFree's Consumer Identity Protections
Strategy consists of strong consumer authentication, proactive
fraud prevention and patented security controls that operate in the
background without impacting consumers' online experiences.
Introduced in November 2005, CheckFree's FraudNet solution is an
automated system that is helping leading financial institutions
mitigate risk and combat fraud before it occurs, while making
paying bills online even safer for consumers. "We are delighted to
partner with CheckFree to deliver enhanced levels of security to
its customers," said Christopher Young, vice president and general
manager, Consumer Solutions at RSA, The Security Division of EMC.
"Our authentication solution is designed to fight today's online
threats as well as tomorrow's, while allowing businesses and
consumers to continue to enjoy and reap the benefits of the online
channel." RSA's risk-based authentication technology has been in
use for more than 24 months by some of the largest banks in the
United States and the United Kingdom, with more than $5 trillion in
assets. The technology has proven to be effective, processing
millions of transactions with an 80 percent fraud reduction rate
and an unsurpassed false-positive ratio. About CheckFree
(http://www.checkfreecorp.com/) Founded in 1981, CheckFree
Corporation (NASDAQ:CKFR) 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 the convenience of
receiving and paying household bills online, via phone or in person
through retail outlets. CheckFree Investment Services provides a
broad range of investment management solutions and outsourced
services to hundreds of financial services organizations, which
manage about $1.5 trillion in assets. CheckFree Software develops,
markets and supports payment processing solutions that are used by
financial institutions to process more than two-thirds of the 14
billion Automated Clearing House transactions in the United States,
and supports reconciliation, exception management, risk management,
transaction process management, corporate actions processing, and
compliance within thousands of organizations worldwide. About RSA
RSA, The Security Division of EMC, is the expert in
information-centric security, enabling the protection of
information throughout its lifecycle. RSA enables customers to
cost-effectively secure critical information assets and online
identities wherever they live and at every step of the way, and
manage security information and events to ease the burden of
compliance. RSA offers industry-leading solutions in identity
assurance and access management, encryption, security information
management and anti-fraud protection, bringing trust to millions of
user identities, the transactions that they perform, and the data
that is generated. For more information, please visit
http://www.rsa.com/ and http://www.emc.com/ RSA and eFraudNetwork
are registered trademarks or trademarks of RSA Security Inc. in the
U.S. and/or other countries. EMC is a registered trademark of EMC
Corporation. All other products and services mentioned are
trademarks of their respective companies. Certain of the Company's
(CheckFree) statements in this press release are not purely
historical, and as such are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These include statements regarding management's intentions, plans,
beliefs, expectations or projections of the future. Forward-looking
statements involve risks and uncertainties, including without
limitation, the various risks inherent in the Company's business,
and other risks and uncertainties detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K for
the year ended June 30, 2006 (filed September 8, 2006). One or more
of these factors have affected, and could in the future affect the
Company's business and financial results in future periods, and
could cause actual results to differ materially from plans and
projections. There can be no assurance that the forward-looking
statements made in this press release will prove to be accurate,
and issuance of such forward-looking statements should not be
regarded as a representation by the Company, or any other person,
that the objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on
information presently available to management, and the Company
assumes no obligation to update any forward-looking statements.
DATASOURCE: CheckFree Corporation CONTACT: Media, Judy DeRango
Wicks, +1-678-375-1595, or , Investor, Tina Moore, +1-678-375-1278,
or , both of CheckFree Corporation, Matt Buckley of RSA,
+1-781-515-6212, or , or Erica Pereira of OutCast Communications,
+1-415-345-4728, or Web site: http://www.checkfreecorp.com/
http://www.rsa.com/ http://www.emc.com/
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