Digital Insight, TriCipher Enter Partnership
Digital Insight Corp. has entered into a strategic partnership with TriCipher, Inc. (www.tricipher.com), a provider of authentication technologies, to help enhance online banking security. Multifactor Authentication is designed to help credit unions seamlessly protect their users and administrators from various forms of online fraud. Digital Insight said that client financial institutions can implement a customizable, user-friendly version of TriCipher's robust authentication system and still maintain enough flexibility to create different authentication levels that match application, data or user risk. "The baseline solution enhances login security beyond username and password by storing a second factor of identity authentication on each user's PC that helps prevent fraudsters from impersonating legitimate users," Digital Insight stated.
Separately, Digital Insight reported that Eastern Financial Florida CU has renewed and expanded its strategic partnership agreement through 2008. Under terms of the renewal, the $2-billion Eastern Financial will expand its member business services to include online cash-management by implementing Digital Insight's Member Business Services products.
Finally, Digital Insight said it has announced a new integration that will enable client financial institutions to support one-way and two-way Open Financial Exchange (OFX) connectivity to Microsoft Office Small Business Accounting 2006. "Market research into the preferences of small business users, a lucrative revenue source for the financial services industry, indicates that supporting the enhanced capability could provide a significant competitive advantage to Digital Insight banks and credit unions," the company said.