Used for cash management customer file transfer and information delivery
Online Banking Solutions (OBS) has revealed that the Bank of Hawaii has implemented its Online Messenger version 3.0 and M-Secure Banking Suite for cash management customer file transfer and information delivery.
Online Messenger is a multi-channel event-based information and file delivery platform providing commercial clients with a central access point for all online banking, in order to view and execute financial transactions. OBS developed the M-Secure Banking Suite to provide straight-forward and secure file exchange between banks and their commercial customers through any of three delivery channels: Web, M-Secure Desktop Connection or Secure FTP.
The suite’s M-Secure Browser is a hardened Internet browser with integrated two-factor and mutual authentication, and the new M-Secure Virtual Keyboard is designed to mitigate Internet fraud and prevent the harvesting of private information via keyloggers. The new M-Secure File Transfer Service enables banks to transmit and receive data automatically using the Web, OBS Desktop Connection Client or Secure FTP. Additionally, Bank of Hawaii will use M-Secure Browser’s ACH file validation and loading, positive pay issue file input, and extended ACH/EDI reporting service.
Joe Spatarella, vice president of Sales and Marketing at OBS, said: “We are hearing progressively more stories about Internet fraud in online business banking. The problem, however, is not online banking. It’s the security weaknesses exposed by the commercially available browser offered for these solutions that often result in billions of dollars lost to opportunistic fraudsters each year. Banks such as Bank of Hawaii look to OBS to innovate and bring them proven solutions to solve these new business challenges and mitigate fraud. Our M-Secure Banking Suite is aimed towards achieving those goals while providing excellent service for their business clients, and we look forward to supporting our customers to help minimize today’s security threats.”