North Dallas Bank & Trust Co. to Strengthen Online Security with Easy and Effective Authentication Solution for Internet Banking
13 Octobre 2006 - 5:44PM
PR Newswire (US)
DALLAS, Oct. 13 /PRNewswire-FirstCall/ -- North Dallas Bank &
Trust Co. (OTC:NODB) (BULLETIN BOARD: NODB) online banking users
now have a new way to protect themselves from online fraud. A new
security feature employs two-factor mutual authentication to
protect the front door (i.e., log-in) of NDB's online banking
offerings. "Protecting our customers is the most important thing we
do," said Mike Shipman, CEO of North Dallas Bank. "With these new
security features, our customers will feel safer and more confident
when they log on to our Online Banking applications. They'll have
no doubt that they are accessing the NDB banking site and not an
imposter site. That added sense of security is crucial in
strengthening the trust our customers have placed in our online
products." The new security feature is very user friendly.
Customers select an image, write a brief phrase and select three
challenge questions. The customer and the bank pass that
information securely back and forth to confirm each other's
identity. When online banking users log on to NDB's Web site, their
personalized, secret image and phrase will be displayed to validate
that the site is legitimate, not a spoofed site used for phishing
and pharming. The new security feature allows account access only
after two levels of security have been passed: entry of a valid
pass code from a recognized computer or device that must pass
multiple layers of security forensics transparent to the end user.
If there is any ambiguity, the system presents a challenge question
that must be correctly answered before the user can access account
information. The image, personal phrase and challenge questions
will work together to help: Protect End User Accounts. When someone
tries to access an account from an unrecognized computer they must
correctly answer challenge questions set up by the authorized user.
So even if the login ID and password have been stolen through
spyware, a phony website, or even from a handwritten note, the
thief would be required to answer a challenge question to get
access to the account, preventing the thief from accessing personal
account information. Confirm the website's validity. Once the
authorized user enters their login ID and clicks the submit button,
they will see their secret image and phrase. If the image and
phrase don't appear, they could be at a fraudulent site. This
capability targets a fraud called spoofing, and will help ensure
that they are not fooled by fake versions of our website. To
provide this security feature, NDB partnered with S1 Corporation, a
leading global provider of customer-facing software for more than
4,000 financial institutions and insurance providers around the
world. Customers can increase their security by using online
banking features such as receiving and paying bills and viewing
checks and statements online by eliminating the risks associated
with sending items through the mail. Additionally, customers who
use online banking also can detect fraud earlier by reviewing their
account activity regularly, rather than waiting for a monthly
statement in the mail. About North Dallas Bank & Trust Co.
North Dallas Bank & Trust Co., established in 1961, has more
than $924 million in assets and is a locally owned bank with five
locations in the Dallas area. About S1 Corporation S1 Corporation
is a leading global provider of customer-facing software for more
than 4,000 financial institutions and insurance providers around
the world. Comprised of applications that address virtually every
market segment and delivery channel, S1 offers the only fully
integrated suite of front- office applications for financial
institutions resulting in increased operational efficiencies,
revenue opportunities and overall financial institution customer
satisfaction. S1 is the only provider with the proven experience,
breadth of products and financial strength to empower financial
services companies' self service and front office strategies.
Additional information about S1 is available at http://www.s1.com/
. Forward-Looking Statements This press release contains
forward-looking statements within the safe harbor provisions of the
Private Securities Litigation Reform Act. These statements include
statements with respect to our financial condition, results of
operations and business. The words "believes," "expects," "may,"
"will," "should," "projects," "contemplates," "anticipates,"
"forecasts," "intends" or similar terminology identify
forward-looking statements. These statements are based on our
beliefs as well as assumptions made using information currently
available to us. Because these statements reflect our current views
concerning future events, they involve risks, uncertainties and
assumptions. Therefore, actual results may differ significantly
from the results discussed in the forward-looking statements. The
risk factors included in our reports filed with the Securities and
Exchange Commission (and available on our web site at
http://www.s1.com/ or the SEC's web site at http://www.sec.gov/ )
provide examples of risks, uncertainties and events that may cause
our actual results to differ materially from the expectations we
describe in our forward-looking statements. Except as provided by
law, we undertake no obligation to update any forward-looking
statement. Media Relations Contact for North Dallas Bank &
Trust Co. Michael Linck Assistant Vice President (972) 716-7121
DATASOURCE: North Dallas Bank & Trust Co. CONTACT: media
relations, Michael Linck, Assistant Vice President of North Dallas
Bank & Trust Co., +1-972-716-7121, or Web site:
http://www.s1.com/
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