Red de Servicios Aval Signs Letter of Intent to Deploy of Ancora Online for 2-factor Online Banking Authentication

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4 Colombian banks, who integrate the Aval Service Network (Â?Red de Servicios AvalÂ?), have signed a letter of intent to deploy Ancora OnlineÂ? to increase the security of online banking transactions for their commercial banking customers.

Although Colombia has, so far, been spared massive “phishing attacks”, and other password stealing schemes, the Red de Servicios Aval´s banks want to waste no time in preparing for this problem.

“Today, 2-factor authentication is a requirement for online banking”, said Marcelo Di Marco at Red de Servicios Aval. “We have looked at other technologies and Ancora Online has all the features we need with the fewest possible weaknesses, we look forward to deploying this innovative solution to offer our commercial customers the security they expect when they bank online”.

“Banks understand the need for a 2-factor authentication solution that is effective, affordable and easy to deploy and support”, stated Ancora President Al Saavedra. “We are ready to deliver Ancora Online to a banking technology leader like Red de Servicios Aval´s banks”.

The following key differentiators highlight Ancora Online’s strong position in the multi-factor authentication market:

• Convenience and “ease of use”: Ancora Online is fully transparent to the consumer and requires no changes to the current user experience and behavior.

• Reliability: Being based in the PC BIOS, Ancora Online is isolated from usability problems related to user activities, hard drive problems and malicious viruses and spyware.

• Cost: zero variable cost related to acquisition and deployment.

• Practical: fits all real world usage scenarios. Allows consumers to self-manage their designated computers, puts no restrictions on current usage models of online services.

• Web deployment: deployed electronically over the web, compatible with all popular browsers.

• Industry backing: Ancora Online is co-developed with American Megatrends Inc. (AMI), maker of AMIBIOS™ and a dominant technology company with over 20 years experience in the BIOS space.

A demo of the product is available at the company’s web site:

About Red de Servicios Aval

In 1998, four of the main Colombian banks (Banco de Bogotá, Banco de Occidente, Banco Popular and Banco Comercial AV Villas) launched a new service called Red de Servicios Aval. This service, allows the clients to make their banking transactions in any of them no matter in which one they have their financial products. To get the service, the client can use either ATM´s or branches.

About Ancora Technologies Inc.

Founded in 2004, Ancora Technologies Inc., is focused on development and licensing of security products based on its patented Platform Security Anchor™ technology. For more information on Ancora, visit , contact Ancora at [email protected] or by calling 1-888-335-0874.

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Miki Mullor
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