Company enhances offerings through strategic relationship
BEDFORD, Mass., Aug. 28 /PRNewswire-FirstCall/ -- RSA Security (Nasdaq:
RSAS) today announced that Goldleaf Technologies, Inc., a wholly- owned
subsidiary of Goldleaf Financial Solutions, Inc. (Nasdaq: GFSI), now offers
the RSA(R) Adaptive Authentication solution to its banking and credit union
customers.
Goldleaf is a leading provider of technology-based solutions for
financial institutions; the strategic relationship with RSA Security
enables Goldleaf's participating financial institutions to be more
proactive in the prevention of online fraud -- and have the tools to remain
compliant with federal guidelines for multi-factor authentication.
"We chose RSA Security not only because it is the market leader, but
because it offers the solution that is best suited to our clients' needs,"
said Lynn Boggs, CEO of Goldleaf Financial Solutions. "When Goldleaf
started its search, we looked for a solution with a user-friendly front-end
and a sophisticated back-end. While other vendors had one or the other, RSA
Security delivered both. We want to provide our customers with superior
solutions, and the RSA Adaptive Authentication solution is one of the most
comprehensive multi-factor authentication tools available."
Using the 2005 Federal Financial Institutions Examiners Council (FFIEC)
guidance entitled Authentication in an Internet Banking Environment,
Goldleaf Technologies searched for a business solution that not only met
the criteria within the guidance, but was also best-positioned to respond
to future requirements. The guidance focuses on the risks associated with
online banking, and the need for financial institutions to periodically
conduct risk-based assessments and develop security measures to
authenticate customers remotely accessing Internet-based financial
services.
Goldleaf Technologies researched several multi-factor authentication
providers and surveyed its existing customers to determine what was needed
in an online fraud solution. The majority of the financial institutions
responded that they wanted a solution that was easy to use and
non-intrusive to customers.
In addition to implementing the RSA Adaptive Authentication solution,
Goldleaf Technologies will offer its customers the opportunity to join the
RSA eFraudNetwork(TM) community, the world's largest cross-bank
collaborative online anti-fraud network. RSA Security's fraud engine is
designed to monitor online transactions for fraudulent activity; post
confirmed fraudster profiles into the eFraudNetwork community, thereby
giving members instant protection against current threats; and provide
updates to all network members in real time. Use of the fraud engine has
resulted in a significant reduction in fraud-related costs to some members
of the network.
"Banks today must consistently seek ways to protect their customers
from fraudulent activity while expanding their online banking services,"
said Chris Young, senior vice president and general manager, Consumer
Solutions Division, RSA Security. "Our solutions are designed to be
convenient, scalable and
cost-effective while giving institutions a solid tool with which they
can protect their customers' financial information. Using this solution,
Goldleaf's clients will be positioned to remain in compliance with FFIEC
guidelines while getting the best online fraud protection in the market
today."
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and
digital assets. The inventor of core security technologies for the
Internet, the Company leads the way in strong authentication, encryption
and anti-fraud protection, bringing trust to millions of user identities
and the transactions that they perform. RSA Security's portfolio of
award-winning identity & access management solutions helps businesses to
establish who's who online -- and what they can do.
With a strong reputation built on a 20-year history of ingenuity,
leadership and proven technologies, RSA Security serves more than 21,000
customers -- including financial institutions representing hundreds of
millions of consumers around the globe -- and interoperates with over 1,000
technology and integration partners. For more information, please visit
http://www.rsasecurity.com.
About Goldleaf Technologies, Inc.
Goldleaf Technologies, Inc. offers Web-based ACH, check conversion, and
remote deposit solutions as well as feature-rich Web sites and intranets
for community financial institutions. Goldleaf's e-payments solutions help
financial institutions attract and retain profitable customers, increase
core deposits, and generate recurring fee income. Goldleaf Technologies is
a wholly owned subsidiary of Goldleaf Financial Solutions, Inc. (Nasdaq:
GFSI).
About Goldleaf Financial Solutions, Inc.
Goldleaf Financial Solutions, Inc. (GFSI) offers a fully featured
product suite that provides core data processing, item processing and check
imaging, ACH origination and processing, remote check capture and deposit
processing, accounts receivable financing solutions, a teller automation
system, turn-key leasing solutions, financial institution website design
and hosting and retail inventory management services. Goldleaf believes its
suite of products and services allows financial institutions and their
small- to medium-sized business customers to compete more effectively in
today's aggressive financial services marketplace, to grow their trusted
financial relationships and to enhance their profitability through the
efficient use of technology and an expanded community presence. For more
information about Goldleaf or its line of products for financial
institutions, please visit the company on the Web at
http://www.goldleaf.com.
Safe Harbor Statement
Statements made in this press release may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Those forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and other
factors, many of which the company is unable to predict or control, that
may cause the company's actual results or performance to differ materially
from any future results or performance expressed or implied by such
forward-looking statements. These statements involve risks and
uncertainties, including, without limitation, risks and uncertainties
associated with the ability of the company's suite of products and services
to enhance the competitiveness of its financial institution clients and
their customers. These and other risks and uncertainties the company faces
are detailed from time to time in the company's filings with the SEC,
including its annual report on Form 10-K for the year ended December 31,
2005, as amended. The company cautions investors that any forward-looking
statements the company makes are not necessarily indicative of future
performance. The company is not responsible for updating the information
contained in this press release beyond the published date, or for changes
made to this document by wire services or Internet services. RSA Security,
RSA and the RSA logo are either registered trademarks or trademarks of RSA
Security Inc. in the United States and/or other countries. eFraudNetwork is
either a registered trademark or trademark of Cyota, Inc., a wholly-owned
subsidiary of RSA Security Inc., in the United States and/or other
countries. All other products or services mentioned are trademarks of their
respective companies.
For more information:
Erica Pereira Matt Buckley
OutCast Communications RSA Security Inc.
(415) 345-4728 (781) 515-6212
erica@outcastpr.com mbuckley@rsasecurity.com
SOURCE RSA Security Inc.
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Related links:
http://www.rsasecurity.com
http://www.goldleaf.com
CONTACT:
Erica Pereira of OutCast Communications,
+1-415-345-4728, erica@outcastpr.com; or Matt Buckley of RSA
Security Inc., +1-781-515-6212, mbuckley@rsasecurity.com
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