Yodlee Offers Multi-Factor Authentication

SAN FRANCISCO – Yodlee said this week it is partnering with Arcot Systems Inc. to offer multi-factor authentication security for online transactions. Yodlee will integrate Arcot’s RiskFort risk management and WebFort multi-factor authentication with a full suite of Yodlee applications, including bill pay, personal financial management and advisor solutions. RiskFort measures the fraud potential of every online transaction, using multiple factors including Device ID, IP address, time and frequency of access to score the potential for fraud for every online transaction. Organizations can set their own risk threshold for a range of response options, based on the risk score. WebFort provides true user two-factor authentication using the ArcotID software smart card.