Press Release
Passfaces Financial v3.0 Release
Passfaces Financial v3.0- Innovative Solution for Online
Banking Authentication Matches FFIEC Guidance
User authentication technology offers enhanced usability
and security to combat online fraud and ID theft
Contact:
Barb Rose
Passfaces Corporation
barb.passfaces.com
717-440-6396
Fran Lowe
Lime Street Studios
fran@limestreetstudios.com
717-391-6712
John Jordan
Principor Communications
jjordan@principor.com
202-595-9008 x63
February 13, 2006….Annapolis, MD…….. Passfaces Corporation, the only provider of cognometric
authentication solutions, today announced the availability of Passfaces Financial v3.0. Passfaces Financial
bundles software, support services and consumer promotion into a complete package that gives banks, credit
unions and other financial service providers everything they need to deploy Passfaces strong authentication for
consumer access to online financial services while supporting the business risk management objectives
specified by the FFIEC.
Passfaces 3.0 adds a JavaScript client interface that extends the use of Passfaces to all web browsers without
requiring any user download or software installation. This enables easy deployment to all users via desktops,
laptops, kiosks and smartphones such as the Palm®Treo™. The addition of Java server examples and classes
extends the SDK’s usability to the Java development environment and eases the integration of recommended
Passfaces features. Enhanced security features eliminate key-stroke logging as well as providing protection
against phishing attacks. The software bundle also includes comprehensive training, marketing and
promotional programs to ease rollout and integration with existing authentication architectures.
“Passfaces is the only product available today that offers customers both enhanced security and usability when
banking online. Furthermore, because it requires no user hardware or software installation and leverages the
existing password authentication infrastructure, it can be rolled out to a large customer base extremely rapidly
and cost-effectively,” said Paul Barrett, CEO of Passfaces. “We understand the dynamics of meeting regulatory
requirements and addressing ongoing security issues, as well as being sensitive to customer demands for
convenience and reliability.”
Passfaces Financial 3.0 includes a function that randomizes the configuration of the face challenge grids for
every user. Attackers attempting to harvest multiple users’ configuration data from a financial institution’s web
site will be detected and can be ‘blacklisted’ pending further action. Passfaces works with existing security
systems to supplement or replace the use of passwords for system access, using a set of faces as a secret
authentication code. Because Passfaces validates the actual user it provides a highly reliable strong
authentication solution for all online transactions.
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Press Release
Passfaces Financial v3.0 Release
“Most banks and credit unions recognize that providing strong authentication is an essential first step in meeting
FFIEC requirements and maintaining the trust of their online customers,” said Barrett. “However, the cost and
complexity of solutions developed for the enterprise environment, such as hardware tokens, are prohibitive for
large-scale consumer deployments. Passfaces’ user-proof security, ease of integration, and inherent usability
make it a natural choice for online financial services. Passfaces is the only security technology I know that
users are enthusiastic about using.”
About Passfaces
Passfaces, formerly Real User Corporation, is an information security technology company based in Annapolis,
Maryland. The Company was founded in 2000 to commercialize an innovative, patented strong authentication
technology that leverages the brain’s innate cognitive ability to recognize human faces. Our Passfaces™
products offer business, financial services, government and OEM customers a cost effective, fully scalable and
highly reliable strong authentication solution that supports business risk management objectives and is both
liked and trusted by users. For additional information and to demo Passfaces technology, see:
www.passfaces.com.
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