CSI to offer bank cardholders Verified by Visa using Cyota’s SecureSuite – Processor Edition; Cyota currently supports Verified by Visa to over 9,000 financial institutions
Paduach, KY and New York, NY— [In December 2005 RSA Security acquired Cyota, a New York-based anti-fraud company.]
Computer Services, Inc. (CSI), one of the nation’s top five bank processing companies, announced today that it has selected Cyota, the leading online payment security company, to provide Verified by Visa to its nearly 500 customer banks. CSI will launch Cyota’s SecureSuite Processor Edition as a hosted service later this year. To date Cyota supports Verified by Visa for over 9,000 financial institutions, with SecureSuite in use by seven of the top 12 US and UK credit and debit card issuers as well as top global processors.
Verified by Visa is a new online authentication initiative designed to reduce fraud on the Internet. It provides online shoppers with a virtual receipt to electronically “sign” at the point of purchase. Cyota’s SecureSuite platform, a global solution offered to issuers and processors worldwide, seamlessly integrates multiple applications including MasterCard SecureCode, Verified by Visa and additional applications.
“Providing our customers with the Verified by Visa solution continues CSI’s practice of providing our banking customers with the best solutions available today,” said Larry Moore, VP, CSI Card Services. “Cyota’s unmatched experience with multiple processors and large-scale implementations will allow CSI to provide our customers’ cardholders with a greater sense of security while shopping on the Internet.”
Naftali Bennett, Cyota CEO, stated, “As Verified by Visa spreads worldwide we find ourselves proud to team again and again with innovative leaders such as CSI. With a clear focus on credit and debit card issuers and processors, and over 80% of the Verified by Visa eligible cards in the US, we strive to continue to lead the market as 3D Secure becomes the standard method of online payment.”
About CSI
Computer Services, Inc. (CSI) is one of the top five bank processing companies in the nation. Our products range from core banking products to the CSI Passport family of products including Desktop for account inquiries and maintenance, Teller, Account Reconciliation, Platform for new accounts, and Balancer to streamline internal balancing, and a complete line of Imaging with no up-front investment. CSI Card Services provides customers with the latest technologies to drive their ATMs plus access to nation's premier regional and national payment networks and leading debit card providers. Our dedication to the rapidly growing Internet market is reflected not only in Internet Banking but also in information portals, secure web hosting and other eBusiness products and services. For more information, visit www.csiweb.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
