Headlines:
CyberSource Software via Visa Canada IBM to Offer Actimize for Transaction Risk Green Armor Signs 6 CUs for Identity Cues
CyberSource Software via Visa Canada
Visa Canada is offering CyberSource Corp.'s anti-fraud software to businesses that operate online or by phone.
"Online and phone transactions are a growing part of the Visa business in Canada, and we want to ensure the future success of these areas," said Gord Jamieson, Visa Canada's director of risk and security, in a press release Tuesday.
CyberSource's Advanced Fraud Screen observes 150 characteristics of each transaction and calculates a risk score in two seconds. In this "enhanced by Visa" version, it also pulls data from Visa's Virtual Intelligence Risk Technology, a modeling system that observes global trends.
The software is meant to work alongside other Visa security products for remote transactions, such as account and address verification services and the Card Verification Value 2 code. CyberSource Corp. is based in Mountain View, Calif.
IBM to Offer Actimize for Transaction Risk
Actimize Inc. announced a partnership Tuesday with International Business Machines Corp. to target the financial industry.
IBM, of Armonk, N.Y., will offer Actimize's Online Fraud Prevention software to large and midsize institutions. The product observes the characteristics of online sessions to determine when the level of transaction risk has risen to the point where stronger authentication is needed.
IBM can install the software for its customers on request. Actimize, which is based in New York, provides support and maintenance.
The software works with several types of strong authentication, such as challenge questions and one-time passwords.
Green Armor Signs 6 CUs for Identity Cues
Green Armor Solutions Inc. said six credit unions have signed up to use its Identity Cues authentication software.
Identity Cues sends a one-time password to users through an e-mail or a cell phone text message when the user tries to sign in from a computer that the institutions' Web sites do not recognize. It also works with hardware tokens.
The new users are Hartford Healthcare Credit Union in Connecticut; Sterling Van Dyke Credit Union in Sterling Heights, Mich.; State Police Credit Union in Meriden, Conn.; Metropolitan District Employees Credit Union in Hartford; Fairfield County Federal Credit Union in Stamford, Conn.; and Homeport Federal Credit Union in Corpus Christi. Green Armor, of Hackensack, N.J., announced the signings last week.
