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S1 Integrating PassMark's Multi-Factor Authentication

Tags » Authentication, Online Banking, Processors

S1 Corporation has announced a strategic relationship with PassMark Security to integrate PassMark's risk-based authentication security system with its retail and small business online banking solutions to S1's nearly 1,000 financial institution customers.

"To meet our internal goals as well as the FFIEC guidance for stronger authentication, we chose to implement PassMark's two-factor, two-way authentication solution," said Lynn Young, vice president of Internet and branch delivery, Zions Bancorporation, and current customer of S1 solutions. "The solution offered by PassMark protects our customers' sensitive financial information as it uses the customers' devices for accessing online banking without negatively impacting their online experience. We anticipate positive customer response and are pleased to see two of our key partners now working together."

According to James S. "Chip" Mahan, III, CEO of S1, "After a thorough review of the leading vendors in this space, we chose PassMark Security as our primary partner. Its compelling product offer meets the online security needs of all the banks and credit unions in our customer base, whether their scope is global, national, regional or community based. Utilizing a flexible authentication framework already present in our applications, our strategy is to give our customers the flexibility to choose the right solution for their specific needs and customer preferences. However, our relationship with PassMark gives them a packaged integration that is a fast track to meeting the FFIEC mandate by year-end."

According to Lin Johnstone, CEO of PassMark , "We are pleased to be working closely with S1 to deliver a solution that meets the needs of its customers. Our experience with more than 15 million retail and small business users gives S1's prestigious list of customers confidence that they are going with a leading provider that will meet their current and future needs."


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