Authentication Solutions for Banking & Financial Services

Secure access to online banking and financial websites and transactions with strong two-factor authentication. Add PhoneFactor to:

Benefits

Reduce Risk for Your Organization and Your Customers
PhoneFactor’s out-of-band authentication protects against even the most sinister threats, including man-in-the-middle attacks and malware running on users’ computers. These types of attacks easily defeat one-time passcode tokens, certificates, and device IDs. In addition, real-time fraud alerts provide instant notification if a user’s credentials have been compromised and an attack is in progress.

Make Both End Users and IT Administrators Happy
Users love it because there is nothing extra to carry. Users simply respond to a phone call, text message, or phone app notification from PhoneFactor to authenticate account logins and transactions.

IT loves it because it is a snap to set up and manage. PhoneFactor offers instant integration with all leading enterprise applications and seamlessly integrates with existing websites and online transaction processes. Self-enrollment and management tools streamline user deployment and support.

Have Time and Money Left for Other IT Projects and Priorities
With no devices to purchase and maintain, it is cost effective to enable PhoneFactor for large numbers of geographically diverse users. PhoneFactor is a fraction of the cost of security tokens with very little maintenance and support overhead.

Meet Regulatory Requirements Before Your Next Audit
PhoneFactor enables compliance with updated FFIEC Guidance on Internet Banking Security and other industry regulations. – Learn More

Out-of-Band Authentication for Online Banking

PhoneFactor’s unique out-of-band authentication process protects against increasing threats from man-in-the-middle attacks and online banking trojans. Security tokens (both software and hardware tokens) and most other authentication methods are vulnerable to these types of attacks. In fact, PhoneFactor is the only authentication platform that offers 100% out-of-band authentication via a phone call, text message, and phone app.

PhoneFactor works by placing an automated voice call, sending a text message, or pushing a notification to the PhoneFactor app on the user’s phone to authenticate account logins, financial transactions, and account changes. This simple process provides a critical added layer of security through and out-of-band channel.

For more information on these threats and the role of out-of-band authentication in protecting against them, download the free whitepaper: Combating Online Fraud with Out-of-Band Authentication.

PhoneFactor Products

PhoneFactor offers advanced features, including: