Technology CU Adds Two-FactorAuthentication

November 11, 2005, 1:00 a.m. EST 1 Min Read

SAN JOSE, Calif. - (11/11/05) -- Technology CU said Thursday it hascontracted with PassMark Security to implement the company'stwo-factor, two-way authentication for online log-in. The system isaimed at identifying and blocking unauthorized users from accessingcrucial member information. Each Tech CU member will be given asecret PassMark--consisting of a small image and phrase created bythe member--that Tech CU will display to the member during log-in.PassMark Security is based in Menlo Park, Calif.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Artificial intelligence

Finzly brings agentic AI to back-end payments processing

The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.

By Melinda Huspen

November 14
Fraud prevention

Quantum startup claims advance in fraud detection technique

Haiqu's new encoding technique allows quantum computers to process high-dimensional financial data, showing improved performance in spotting anomalies.

By Carter Pape

November 14
Community banking

Blue Ridge, which erred with fintechs, exits consent order

The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.

By Allissa Kline

November 14
Block

Block beefs up Cash App to pry consumers from banks

The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship

By Joey Pizzolato

November 14
Fintech

Synapse bankruptcy dismissed, CFPB may start paying victims

Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.

By Penny Crosman

November 14
Industry News

Georgia banks set December acquisition date

MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.

By Editorial Staff

November 14