TSYS delivers Cyota’s Verified by Visa-Processor Service to 39 Synovus Banks
New York, NY [In December 2005 RSA Security acquired Cyota, a New York-based anti-fraud company.]
Synovus® (NYSE - "SNV"), the Columbus, Georgia-based financial services company with more than $18 billion in assets, today announced that it has selected the Cyota SecureVbV-Processor Service to deliver Verified by Visa to its affiliate banks. Verified by Visa is a password-based, online payer-authentication service designed to prevent unauthorized card use and reduce overall fraud on the Internet. Synovus’ implementation of Verified by Visa will be delivered by TSYS®, Synovus’ payment processing affiliate, which implemented Cyota’s complete SecureSuite platform last year.
“We strive to protect our cardholders by providing the best solutions in the marketplace. With Cyota’s SecureVbV-Processor enabling our Verified by Visa service, we can supply improved Internet fraud prevention to our cardholders,” commented Wade Burford, Senior Vice President of Card Services for CB&T. “Because CB&T is both an issuer and an acquirer, we are glad to have the opportunity to reduce both our consumers’ and our merchants’ exposure to fraud.” Synovus has made the service available to all of its consumer credit and check card customers since November 1st.
Cyota SecureVbV-Processor allows financial institutions that process several institutions’ transactions to have a unified Verified by Visa service for their complete client base. SecureVbV-Processor provides financial institutions with comprehensive tools, including the ability to customize the service to meet specific needs.
Cyota provides SecureVbV solutions to U.S. financial institutions that issue approximately 80% of all cards currently eligible for Verified by Visa. SecureVbV is part of Cyota SecureSuite, a flexible payment security platform, in use by some of the world’s largest credit and debit card issuers. With SecureSuite, issuers and processors can easily test several applications gradually in a cost-effective way.
“Our SecureSuite platform continues to lead the market. We are proud to partner with Synovus, another market leader,” stated Naftali Bennett, Cyota CEO. “As the market evolves and develops, Cyota continues to develop new products accordingly. Our future-proof platform provides the flexible base to grow with new products and continue to fulfill our customers’ every need.”
Cyota’s SecureSuite platform is available as a hosted service from multiple locations worldwide, including the US, Europe and Japan, and can also be implemented in-house. The platform seamlessly integrates with a wide range of authentication solutions, including Smart Cards and Biometrics.
About Synovus
Synovus (NYSE: “SNV”) is a diverse financial services holding company with more than $18 billion in assets based in Columbus, Ga. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 39 affiliate banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81.1-percent stake in TSYS (NYSE: “TSS”), the world’s largest third-party processor of international payments. Synovus is No. 5 on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2002. See Synovus on the Web at www.synovus.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


