Business Signatures unveils real-time tool
CALIFORNIA – Business Signatures, the Redwood Shores, California-based provider of electronic fraud prevention products, has signed the first clients for its e-fraud detection solution, the first solution with the ability to monitor online transactions in real-time.
Citibank North America and H & R Block, the holding company of H & R Block mortgage, tax, and broker-dealer businesses, became the first to adopt the Real Time e-Fraud Prevention (RTFP) at the end of January.
The financial institutions will install the solution to help them meet the Federal Financial Institutions Examination Council (FFIEC) requirements for enhanced e-banking security.
Last year, the FFIEC issued guidance on the Authentication in an internet banking environment, in which it urged
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