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Tuesday, September 18, 2012

Federal Bank tightens security verification system

Federal Bank announced that it has strengthened its Internet banking security verification system. It has implemented the Finacle-enabled two-factor authentication solution for its corporate and retail Internet banking customers, says a press release from the bank.

Finacle from Infosys, through its strategic partnership with CA Technologies, has put in place a vigorous security framework which provides two-factor authentication.

The solution helps ensure mutual authentication between the bank and the end-user, enabling an easy and transparent ‘user login’ experience.

It protects customers against various kinds of existing and emerging security threats such as phishing, man-in-the-middle, brute-force attacks, and replay attacks to name a few, the release added.


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