Jack Henry to offer RSA® Adaptive Authentication solution
Monet, MO. And Bedford, MA.— Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing, announced that is has selected RSA Cyota Consumer Solutions, a division of RSA Security Inc. (Nasdaq: RSAS), in order to provide strong authentication for online banking to its financial institution clients. Jack Henry will offer the Company’s risk-based authentication solution to the 1,500 financial institutions using its Internet banking solutions.
“We strive to offer our customers the best solutions on the market, and when looking for an authentication solution we focused on four main criteria based on our customers’ feedback: security, usability, stability and vision as a long-term partner. RSA Security fits the bill on every count, and its solution ensures that our customers will be in compliance with recent regulatory guidance, while enjoying the most comprehensive authentication solution in production,” said Tony Wormington, president of Jack Henry. “Following a long due-diligence process in which we researched many providers and technologies, we concluded that RSA Security’s proven risk-based authentication technology strikes the perfect balance between security, usability and cost. This is another great addition to our growing suite of products and services.”
The RSA Adaptive Authentication technology analyzes every online transaction and scores the potential fraud-risk based on a broad range of metrics, including the identity of the user’s computer, IP address, geographic location and prior transaction behaviors. Additional authentication is invoked – in real-time – for high-risk transactions, either in the form of a ‘phone call or secret questions. The scoring is derived from the RSA Cyota eFraudNetwork? community, a cross-bank collaborative online fraud network that includes dozens of leading global financial institutions. The eFraudNetwork community shares fraudster information across multiple banks in real-time: when a fraudster attack is identified against one member, all others are instantaneously protected as well. The core risk-based authentication technology has been in use for more than 18 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 very effective, processing millions of transactions with an 80 percent fraud reduction rate and an unsurpassed false-positive ratio.
“Partnering with leading Internet banking providers like Jack Henry is a key goal of ours,” said Chris Young, senior vice president and general manager of RSA Cyota Consumer Solutions. “Now, Jack Henry’s financial institution clients of all sizes can benefit from a fast and simple deployment of proven technology, direct from their trusted service provider. Our risk-based authentication solution is seeing great traction in the industry, and this partnership is a great endorsement of its formidable capabilities.”
About Jack Henry & Associates
Jack Henry & Associates, Inc. provides integrated computer systems and processes ATM and debit card transactions for financial institutions. Jack Henry markets and supports its systems throughout the United States and has more than 8,600 customers nationwide. For additional information on Jack Henry, visit the company's web site at www.jackhenry.com.
About RSA Cyota Consumer Solutions
RSA Cyota Consumer Solutions, a division of RSA Security Inc., offers proven solutions for online banking and e-commerce that range from adaptive authentication – with risk-based technology, one-time-passwords and transaction-signing – to anti-phishing services and real-time transaction monitoring that controls fraud and manages risk. The company’s eFraudNetwork™ community is the world’s most effective cross-bank collaborative online fraud network. Today, many of the world’s top 50 banks, including nine of the top 12 banks in North America and the UK, use RSA Cyota solutions to protect approximately 430 million consumers.
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and digital assets. The inventor of core security technologies for the Internet, the Company leads the way in strong authentication and encryption, bringing trust to millions of user identities and the transactions that they perform. RSA Security’s portfolio of award-winning identity & access management solutions helps businesses to establish who’s who online – and what they can do.
With a strong reputation built on a 20-year history of ingenuity, leadership and proven technologies, we serve approximately 20,000 customers around the globe and interoperate with more than 1,000 technology and integration partners. For more information, please visit www.rsasecurity.com.
