NetDeposit Partners With TriCipher for Strong Authentication

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Thu Nov 12, 2009 10:00am EST

myOneLogin Offers Multi-Factor Authentication for Web-based Payment Services




LOS GATOS, Calif., Nov. 12 /PRNewswire/ -- TriCipher, a leading provider of
Internet identity services, announced today that NetDeposit has selected
TriCipher's myOneLogin Secure Single Sign-on to provide strong customer/client
authentication for its Web-based payment solutions. As an on-demand service,
myOneLogin helps NetDeposit customers ensure compliance with Federation
Financial Institutions Examination Council (FFIEC) risk mitigation guidelines,
with no tokens or hardware to deploy.

NetDeposit's remote deposit capture solutions are widely adopted in the
financial services industry. In response to FFIEC risk mitigation guidelines
published early this year, NetDeposit selected TriCipher's myOneLogin to add a
turn-key option for multi-factor authentication, using patented TriCipher
technology that is proven and trusted in the financial services industry.
myOneLogin also tightly integrates with NetDeposit solutions.

"We wanted to reduce the time our customers spend in the authentication
process," said Chris Styga, EVP and general manager of NetDeposit's Financial
Services Solutions Group. "By partnering with TriCipher, we can provide our
customers with a trusted solution that works seamlessly with the NetDeposit
services."

TriCipher's myOneLogin Secure Single Sign-On service combines Web single
sign-on with strong authentication and multiple federation protocols.  It
protects logins by using a second authentication factor in addition to a
password. The service uses the TriCipher Armored Credential System (TACS), a
flexible authentication technology that has a U.S. government Federal
Information Processing Standard (FIPS) 140-2 Level 2 rating. myOneLogin offers
secure single sign-on to the NetDeposit Web applications as well as more than
a thousand other Web applications businesses use. 

"TriCipher's core technology is widely deployed to protect online transactions
in the financial services industry, so we value this partnership with
NetDeposit," said Jack Martin, VP Worldwide Field Operations at TriCipher. 
"Together, NetDeposit and myOneLogin deliver the dual benefits of security and
convenience for the banking customer."

About TriCipher 
TriCipher, Inc. provides Internet identity services to protect web and
enterprise portals, the people that use them and the business processes that
flow through them against fraud and identity theft. TriCipher myOneLogin(TM)
is the first secure, on-demand offering that delivers strong authentication,
single sign-on (SSO) and federation capabilities for web applications in a
single solution. The TriCipher Armored Credential System(TM) (TACS) is a
unified authentication system that enables companies to deploy and manage
multiple types of credentials from a single infrastructure. Through this
flexible "Authentication Ladder," TriCipher protects customer investment by
adjusting authentication strength to defeat new threats and to meet regulatory
changes without the need to implement a new infrastructure. Founded in 2000,
TriCipher is headquartered in Los Gatos, Calif. The company is funded by
ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology
Ventures, and Trident Capital.

About NetDeposit
NetDeposit leads the revolution in payment technologies which support paper to
image processing, distributed capture, and electronic clearing. NetDeposit's
Financial Services Solutions Group delivers value to banks, credit unions,
processors, and their customers by providing proven payment technologies. With
multiple patents and billions of checks processed, NetDeposit's products and
services include remote deposit capture, branch capture, image cash letter
processing, and check clearing. 


SOURCE  TriCipher, Inc.

Dan Brennan of Corporate Ink, +1-617-969-9192, dbrennan@corporateink.com , for
TriCipher, Inc.; or Rahn Rampton, +1-801-716-4747, rrampton@netdeposit.com,
for NetDeposit
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