Columbus, GA— [In December 2005 RSA Security acquired Cyota, a New York-based anti-fraud company.]
Providian Financial Corp. has selected TSYS® and Cyota® to provide secure online identification technology to its more than 10 million cardholders. Providian’s Verified by Visa and MasterCard® SecureCode™ programs are in full production, and available immediately. The anti-fraud service is delivered by TSYS and powered by Cyota’s SecureSuite™, which is a component of TSYS CardGuard®.
Cyota’s SecureSuite technology is the world’s leading Verified by Visa and MasterCard SecureCode solution, currently used by eight of the top 12 issuers in the United States and U.K. TSYS implemented Cyota SecureSuite in 2001, and has since delivered Verified by Visa and MasterCard SecureCode services to many of its global clients. SecureSuite powered the first commercial Verified by Visa program in December 2001, as well as the first commercial MasterCard SecureCode program in December 2002. Driven by ongoing innovation, Cyota provides global financial institutions with a wide range of security and anti-fraud solutions.
Verified by Visa and MasterCard SecureCode authenticate cardholders at the point of purchase by prompting cardholders to enter a secret password before the Internet transaction is approved, similar to the familiar PIN that’s required at an ATM. The new initiatives are designed to provide cardholders with an extra measure of security, thus increasing their confidence in online transactions, while participating issuers and merchants avoid the risk and expense of potentially fraudulent transactions.
About TSYS
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) (www.synovus.com) owns an 81-percent interest in TSYS. For more information, contact news@tsys.com.
About Providian
San Francisco-based Providian Financial (www.providian.com) is a leading provider of credit cards to mainstream American customers throughout the U.S. By combining experience, analysis and technology, Providian seeks to build long-lasting relationships with its customers by providing products and services that meet their evolving financial needs.
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
