Secure Browser Prevents Fraud with Multiple Layers of Online Banking Protection including Multi-Factor Authentication and Web Application Security Platform for Server-Side Defenses
ATLANTA--(BUSINESS WIRE)-- Online Banking Solutions (OBS) announced today that The F&M Bank & Trust Company of Tulsa, Oklahoma has implemented the OBS M-Secure Online Banking Services. M-Secure layered services provide:
- M-Secure Browser for malware protection
- integrated multi-factor authentication services consistent with guidelines of the Federal Financial Institutions Examination Council (FFIEC), and
- M-WASP, a Web Application Security Platform that protects against server-side attacks.
The $2.1 billion-asset F&M Bank chose OBS over competitors Trusteer and IronKey in a selection process that began in 2011. The installation was completed in mid-2012 and rollout is currently underway to cash management clients. F&M senior vice president Debbie Chastain pointed to OBS’s many years in the cash management business, its expertise and proactive approach to security matters, and its versatility as key factors in the bank’s decision.
“We needed security solutions to bring us up to the FFIEC guidelines for secure online banking in addition to giving our customers the best protection while making our services easy to use,” stated Chastain.
“Our executive management has mandated a very strong focus on our treasury products, and OBS has long-term expertise in cash management. If you are in that business, you also have a history of fraud prevention. OBS is a strategic partner for us, one that is not siloed into a single type of solution,” she continued.
“F&M Bank wanted services to secure their online banking, web, and payments offerings,” states Joe Spatarella, chief marketing officer at OBS. “We worked through their checklist and made sure each item was covered to their satisfaction, from the browser through to the back-end.”
F&M’s motto is “Service Revolution,” reflecting its strategy of intensive commitment to lead the banking industry back to where the customer comes first.
“Our security awareness campaign, to educate our customers on all aspects of security and fraud prevention, has been ongoing for several months. Partnering with OBS for the Secure Browser, especially at this time, fits very well with that strategy,” concluded Chastain.
About F&M Bank
F&M Bank was founded in 1946 and has been headquartered in Tulsa, Oklahoma from the start. The bank is a privately held, state chartered bank with assets of $2.2 Billion. Our Service Revolution is a commitment to bring cutting edge technologies and experience to our customers.
Our expertise includes Commercial & Industrial, Energy, and Healthcare Lending; Commercial Real Estate and Small Business Lending; Private and Consumer Banking; as well as Treasury & International Services and Equipment Leasing.
About Online Banking Solutions
Online Banking Solutions was founded in 2002 by a management team that pioneered Web cash management and business banking technology. Privately held and profitable, OBS provides contemporary e-banking products including multi-channeled reporting, transaction, and file delivery services. Its clients include commercial banks, 11 of the top 100 U.S. commercial bank holding companies, community banks and credit unions. OBS offers financial institutions the benefits of a large-scale technology provider coupled with the tenacity and customer-driven service of a small, aggressive entrepreneurial organization.
Source: Online Banking Solutions