MFA for Premier

In today’s world of online banking, a dramatic rise in threats to security is prompting financial institutions to identify, analyze and enhance security processes. Multifactor authentication, the use of a second level of customer authentication in addition to the standard user ID and password, is one of the most effective ways to deter fraudulent online activity. MFA for Premier offers two effective options to protect your Internet banking customers, MFA Security Tokens for Premier and MFA Device Security for Premier.

MFA Security Tokens
When logging in to Internet banking sessions using MFA Security Tokens, customers use both a random one-time password (OTP), and their personal identification number (PIN). A new OTP is generated by a security token – a small, portable device – during each login. Available for your business Internet banking customers through eCorp for Premier, these connectionless devices provide an air gap between the token and the network, eliminating the possibility of connecting to a hosting device that might be infected. The tokens cannot be duplicated, remotely hacked or spoofed.

Delivered in an unregistered state, tokens are activated by customers during their eCorp Internet banking session. It takes just a few seconds to gather a token’s serial number and define a PIN. A security question and e-mail address are also gathered to assist in reporting a lost or damaged token. Available for licensing in a variety of styles, tokens can be customized to fit your financial institution’s corporate branding.

MFA Device Security
MFA Device Security is a password-enhanced device fingerprint solution that identifies each customer based on a password and the specific computer being used. The solution is available for your consumer Internet banking customers through eCom for Premier, and your business Internet banking customers through eCorp.

MFA Device Security examines the customer’s computer and registers it based on a number of characteristics to create a one-of-a-kind electronic fingerprint that it verifies each time a customer logs in. This prevents criminals from accessing a customer’s account, even if they possess the username and password. For customers with more than one PC, supplemental authentication confirms the user’s identity. This authentication may include answering questions, or entering a one-time password received via e-mail. MFA Device Security assures the financial institution that the customer is legitimate and customers that they are truly at their financial institution’s website.

For more on MFA for Premier, contact Fiserv, Inc.
at 402-421-4207 or partner@fiserv.com