Two antifraud vendors, Covelight Systems Inc. of Cary, N.C., and Digital Envoy Inc. of Norcross, Ga., have begun selling a combined version of their products.
Covelight said Monday that it would supply information from its Inflight online monitoring system, which Digital Envoy's Fraud Analyst software will use to determine when a bank should prompt its online banking system to ask users for additional authentication during a banking session.
The Covelight system examines 80 variables to determine which transactions are risky; the Digital Envoy software compares this data with user profiles to determine whether the data is suspicious enough to merit interrupting the online banking session to verify the user's identity.
"Financial Institutions have been asking us how they can leverage our non-intrusive, real-time session monitoring capabilities to help secure their online channel," and the deal with Digital Envoy will accomplish this, Spencer Snedecor, Covelight's chief executive, said Monday in a press release.
