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Bank of America Chooses VeriSign
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2005-02-17, HostMan.biz VeriSign (verisign.com), a provider of Internet infrastructure services, said on Thursday that the Bank of America has selected the VeriSign Unified Authentication solution to support its two-factor authentication platform. According to the company, VeriSign Unified Authentication, a combined software and service solution, is an integrated platform for providing and managing all types of two-factor authentication credentials, including tokens and smartcards. The platform will be integrated with Bank of America's existing infrastructure without requiring additional hardware and software infrastructure. VeriSign said the solution enables Bank of America to address various internal and external security requirements with flexible options, a key selling point for the bank. "The selection by Bank of America is of great strategic importance to VeriSign and further validates what we have known all along - that a flexible, open standards approach to strong authentication is what the market is looking for. This is an approach VeriSign has supported since the creation of the Initiative for Open Authentication (OATH) a year ago," says Judy Lin, executive vice president and general manager of VeriSign Security Services. "The financial services sector in particular has to contend with internal regulatory requirements and external security issues. We are excited to be working with an innovative leader like Bank of America to address these issues by deploying strong authentication solutions." VeriSign says Bank of America will begin using VeriSign Unified Authentication for internal applications and corporate clients. VeriSign Unified Authentication is available in an "on premise" model, or as an "in-the-cloud" service, securely delivered over the Internet and deployed without the need for additional software and hardware. |
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