TSYS to Provide Web Hosting Services for Cyota
Columbus, GA— [In December 2005 RSA Security acquired Cyota, a New York-based anti-fraud company.]
TSYS® today announced an agreement with Cyota, a leading Internet payment and security technology provider, to offer its clients a full range of Cyota SecureSuite™ technologies, providing them access to a modular platform that supports current and emerging secure payment initiatives. TSYS will provide managed hosting services for this partnership as well as Cyota’s non-TSYS clients. The partnership enhances TSYS’ strategies of expanding its core services and capitalizing on e-business opportunities, providing financial institutions with a superior advantage in the fight against Internet fraud.
Initially, TSYS will deliver a hosted 3DSecure (Verified by Visa) solution, Cyota SecureVbV™, which will enable Visa card issuers to validate the identity of their cardholders in real time, during online payment transactions, resulting in increased online sales and reduced disputes and fraud. Cyota was among the first companies named as a vendor supporting the Visa Payer Authentication Service, based on the 3-D Secure Interoperability Standard. TSYS is making SecureVbV available to all clients, enabling them to comply immediately with Verified by Visa. At a later stage, these clients can add other SecureSuite products as consumer demand and association mandates evolve. SecureSuite is a modular online payment security platform designed to support a wide range of authentication and credit card security products while providing a unified user experience. SecureSuite includes Visa Payer Authentication (3D Secure or Verified by Visa) and MasterCard SPA-compliant products, as well as Cyota’s proprietary SecureClick — an innovative solution that enables cardholders to shop online without revealing their real credit card numbers by issuing a surrogate number for every purchase.
“We chose Cyota because of its market focus and technology expertise,” said TSYS Group Executive Andy Marks. “We were pleased with the ability of SecureSuite to allow our clients to quickly implement Internet security solutions with minimal impact. TSYS always strives to provide its clients with cutting-edge technology designed to improve their business and their bottom line, and Cyota will help us deliver.”
"SecureSuite delivers a plug-and-play solution that is in great demand in the U.S. and Europe," stated Naftali Bennett, President and CEO of Cyota. "Cyota’s products are designed to address the needs of our market. We are pleased to partner with TSYS and provide its issuers access to our superior technology, intuitive user interfaces and live implementation experience. This agreement further strengthens our global industry leadership.”
About TSYS TSYS brings integrity and innovation to the world of electronic payments. TSYS serves as the integral link between buyers and sellers in the rapidly evolving universe of electronic payments. With more than 200 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, chip and retail cards any time, anywhere through any medium or portal. TSYS offers a full range of acquiring and issuing services from accepting electronic payments for goods and services, to credit applications, collections and bankruptcy. Based in Columbus, Ga., TSYS (NYSE: “TSS”) (www.tsys.com) processes for 23 countries in 14 currencies and four languages and maintains operations in Canada, Mexico, Japan and the United Kingdom. TSYS is an 80.8 percent-owned subsidiary of Synovus Financial Corp. (NYSE: “SNV”) (www.synovus.com), No. 8 on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2001. For more information, contact news@tsys.com.
CONTACT:
Rebecca Stringer
Sr. Communications Specialist, TSYS
706.649.7193
rstringe@tsys.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
