The antifraud software vendor Covelight Systems Inc. will offer its customers a security tool from Quova Inc.
The two companies said Tuesday that Covelight, of Cary, N.C., plans to integrate Quova's GeoPoint software within its Inflight Intelligence Engine.
GeoPoint looks at the Internet Protocol address of customers' computers to determine their location when people log in to a Web site; if the customer's address on file is in New York, for example, and the computer being used to access the account is in Europe, the software will issue a warning of potential fraud.
Covelight's Inflight software monitors online transactions to sniff out fraud. The company said that some of its customers had indicated that they wanted to use Quova's location-analysis technology and the combination of the two applications provides protection during the authentication process and during an online banking session.
"Integrating GeoPoint into Inflight will produce exactly the kind of business solution that online banking enterprises need in a demanding environment of rising fraud and strict regulatory enforcement," Gary Jackson, Quova's chief executive, said in a press release.
