Mid-Atlantic Selects Green Armor Solutions for Online Banking Authentication for Over 1,200 Credit Unions
Cites Green Armor's Stronger Security and Better User Experience
November 2, 2006 - Middletown, PA and Hackensack, NJ - Mid-Atlantic Corporate Federal Credit Union, which services over 1,200 credit unions and has over $2 billion in assets, announced today that it has selected Green Armor SolutionsT to implement two-factor and mutual/site authentication for the online banking systems of its member credit unions. Mid-Atlantic reported that the selection followed an exhaustive process of comparing and testing authentication solutions from over a dozen vendors.
Green Armor Solutions will enable Mid-Atlantic's members to strengthen authentication for online banking and to meet new FFIEC and NCUA security guidelines without sacrificing user friendliness, and without having to endure a complicated and costly enrollment process. The system will also provide simple, straightforward, and psychologically efficient mutual authentication, helping to protect credit union members from phishing scams and related fraud without requiring effort by end-users.
"We researched and evaluated authentication systems from over a dozen vendors, and found Green Armor's technology more compelling than those of competing firms. The Green Armor system simply offers a much better user experience as well as stronger security than the technology offered by other providers," commented Robert Frank, Vice President of Information Technology at Mid-Atlantic.
Green Armor Solutions' Identity Cues™ series of enterprise software products leverages a combination of psychology and technology, thereby delivering a solution that is both more effective and easier to implement than alternative offerings. It stands out in its simplicity for users (they do not need to enroll, install any software, carry any devices, memorize any information, or perform extra steps during login), and its security (for example, offering multiple defenses against man-in-the-middle attacks as well as against next generation psychology-based attacks, both of which are beginning to surface as serious vulnerabilities in many authentication systems).
"We are excited to have been chosen as the authentication platform for Mid-Atlantic and its many customers," said Joseph Steinberg, CEO of Green Armor Solutions. "Mid-Atlantic's exhaustive review of numerous authentication technologies shows how critically important it considers its users' security and satisfaction. The selection of Green Armor by such an institution highlights how our unique technology excels in both of these areas."
More information about Green Armor Solutions and its Identity Cues series of products can be found on the Green Armor Solutions web site at: http://www.greenarmor.com/.
About Green Armor Solutions Inc.
Green Armor Solutions offers innovative solutions to information-security challenges facing today's businesses. Its Identity Cues series of products (all patent-pending) leverage a unique blend of psychology and technology to help deliver maximum security with maximum user convenience. They provide strong two-factor authentication (exceeding FFIEC and NCUA guidelines) as well as effective site authentication (mutual authentication) that protects against phishing, pharming, and online fraud, while allowing users to continue to enjoy the simple, comfortable user experience with which they are already familiar. Identity Cues products can help companies address security and privacy requirements as part of compliance initiatives for FFIEC/NCUA Authentication, HIPAA, and GLBA.
About Mid-Atlantic Corporate Federal Credit Union
Mid-Atlantic Corporate Federal Credit Union is a federally chartered corporate credit union that provides investment, lending and payment services, including ACH, share draft and electronic bill payment processing - to a national field of membership. Mid-Atlantic Corporate serves 1,200 credit unions, CUSOs, Leagues and chapters in 45 states and Guam.
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