S1 Corporation and Digital Envoy are teaming up to offer a new service for financial institutions that is designed to combat identity fraud.
The joint offering includes fraud prevention and authentication capabilities that work in real time and are linked to S1’s online banking solutions.
S1 provides front office financial services. Digital Envoy develops Internet Protocol-based intelligence solutions designed to combat fraud.
“Security is at the center of our efforts to deliver the most advanced customer-facing applications to the financial services market,” said Jaime Ellertson, CEO of S1, in a statement. “S1 solutions are designed to enable a secure, flexible environment that incorporates systems that address the unique security needs of financial institutions. S1’s approach enables a broad range of solutions for our customers, and our work with Digital Envoy is one of the significant steps we’re taking to continue to advance our focus on Internet banking security.”
Digital Envoy’s IP Inspector Fraud Analyst, which assigns a unique user ID to each individual customer, will be incorporated into S1 online banking solutions.
“Digital Envoy offers a breakthrough approach to preventing identity fraud with our Fraud Analyst solution, which uncovers information about online activity to stop attacks as they happen,” said Bill Calpin, president and CEO of Digital Envoy. “This adds a powerful underlying system for preventing fraud that transcends traditional authentication methods, which fall short once an identity is stolen. Through our efforts with S1, we look forward to working closely together to help financial institutions achieve complete solutions for their security and identity theft issues and to prevent fraud throughout the customer lifecycle.”
Digital Envoy: www.digitalenvoy.net