Online Resources Announces Unique Security Solution for Online Banking and Bill Payment

Online Resources Corp., a leading provider of Internet financial services, today announced it will provide the industry’s only integrated security solution that bridges and protects both Internet banking and bill payment applications. The Company has partnered with Cyota Consumer Solutions, a division of RSA Security, to offer integrated risk-based authentication, anti-phishing technology and risk management reporting.

The solution, which is designed to meet the guidelines recently released by the Federal Financial Institutions Examination Council (FFIEC), will eliminate the need for the Company’s full service clients to implement multiple security technologies. Because Online Resources is the only provider of single platform, integrated online banking and bill payment services, each of the solution components can be implemented across the two applications.

“Deploying a security solution across tightly integrated online banking and payments applications provides our Banking Division’s full service clients critical advantages, including a richer, more cohesive view of transaction data and end-user activity, a seamless end-user experience and a streamlined response process,” stated Matthew P. Lawlor, chairman and chief executive officer of the Company. “Our Internet bill payment and Card Services clients will also benefit from some of the same technologies.”

Online Resources’ solution offers significant benefits to clients that are unique to the Company’s integrated infrastructure. For example, behavioral indicators in the online banking application, such as a password change, will be linked with indicators in the online bill payment application, such as the addition of a suspicious payee. In such a situation, the financial institution will be enabled to either challenge or block the end-user.

The Company’s solution will incorporate RSA Cyota’s multi-factor authentication capabilities, and its anti-phishing and risk monitoring services. Online Resources clients will also join the RSA Cyota eFraudNetwork, a cross-bank online fraud repository, which allows financial institutions to share fraudster profiles, and efficiently detect and stop online banking and online commerce fraud in real-time.

Other elements of the Online Resources security suite include risk management reports of enduser activity and high-risk transactions, alerts, as well as consumer awareness campaigns and rapid response support enabled by the Company?s multiple consumer touch points.