Provident Bank Signs Multi-year Deal for Online Check Image Masking Solution
from The 41st Parameter
Patent-Pending Image Mask™ to Help Meet FFIEC Compliance and Protect Online Customers from Fraud and Identity Theft
SCOTTSDALE, AZ. — April
16, 2007 — The 41st Parameter, a leader in agent-less client
device identification (CDI) and document masking for the
online channel, announced today that Provident Bank (www.provbank.com), a
regional commercial bank headquartered in Baltimore, has
signed a three-year agreement to implement its proprietary
ImageMask™ solution. Provident will
use Image Mask to
mask sensitive customer data on check images that are
retrieved online to help safeguard them from fraud and
identity theft. The solution masks sensitive data such as the
address block, signature, a portion of the check routing
number and the account number as appropriate, based on the
particular image. The Bank selected the technology as part of
its final steps in building a layered security approach for
online customers in accordance with FFIEC guidance, and the
technology will be integrated into a proprietary Provident
Bank Internet banking platform.
"As we continue to
expand the regions we serve and grow our online customer base,
ImageMask will be a critical component of our
security processes," commented Carol Langton, senior vice
president at Provident. "With no enrollment, cookies,
downloads or installations for customers to manage, we expect
the rollout to be relatively fast and simple. The solution
will also allow us to offer customers another way to protect
themselves from fraud and identity theft without disrupting
the online experience."
Endorsed by industry expert
Frank W. Abagnale (see excerpt at http://www.abagnale.com/pdf/ImageMaskArticle_ver4.pdf),
ImageMask masks sensitive information in online
documents to help prevent unauthorized users from retrieving
sensitive data which is often used for fraud and identity
theft. The product can be customized to mask data on any type
of scanned, online document including personal and business
checks, bank statements, tax records, legal documents, medical
records, etc. The technology allows customers to view enough
of the document image to verify the information without
altering the original scanned image, and without requiring any
additional hardware or storage space.
"We're excited
to work with Provident as one of the first organizations to
leverage this simple but highly effective solution to protect
their customers from identity theft and fraud," said Ori
Eisen, founder and chairman of The 41st Parameter. "They are
clearly on the cutting edge of service innovation, and are
doing their part in making fraud history
."
About The 41st
Parameter
As the pioneer of agent-less, client
device identification (CDI) and document masking solutions for
online fraud detection and prevention, The 41st
Parameter offers highly accurate, non-intrusive fraud control measures for eCommerce, eBanking
and other online businesses. By continuously collecting
new and unique parameters from end-user computers
during online account access or order processing, the Company's
patent-pending technologies enable forensic identification of PCs
and online devices. Such accurate device
identification helps improve operational efficiencies and minimize
investigative resources, saving time and money while better
protecting legitimate customers. All of the Company's solutions
require no end-user registration, enrollment, downloads or installations. To
find out how the Company is making fraud history, visit
www.the41.com or call
1.888.the.41st (1.888.843.4178).
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All brands,
names, or trademarks mentioned in this document are the
property of their respective
owners.
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