FundsXpress Introduces Security Suite at No Cost to Client Financial Institutions

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FundsXpress Financial Network, Inc., the premier provider of online financial services, recently released its fxSecurity solution to all client financial institutions at no cost.

FundsXpress Financial Network, Inc., the premier provider of online financial services, recently released the fxSecurity solution to all client financial institutions. The fxSecurity suite provides the most comprehensive anti-fraud and risk analysis tools in the industry and gives clients a considerable advantage in the marketplace.

The fxeValidation Engine, one of the fxSecurity multi-level tools, uses statistical formulas and behavioral analysis to evaluate a user’s typical Internet banking activity. To validate user online activity, the suite’s fxIdentity Verification monitors logins and alerts financial institutions to deviations from the user’s activity profile. The fxDual Authentication tool provides financial institutions the option to implement additional authentication levels before gaining access to fx eBanking and fxBusiness Banking platforms.

"It is critical that Online Banking users are provided additional protection from the rising incidence of phishing, identity theft and other types of online fraud," said Greg Constantine, FundsXpress executive vice president of client operations. "Recent guidance from regulators requires financial institutions to perform risk assessments on their authentication processes and achieve compliance no later than year-end 2006. Our fxSecurity suite provides clients with the industry's leading integrated anti-fraud and risk analysis solution at no-cost to our financial institutions."

“Internet banking has become an integral communication and transaction channel for our customers and we are extremely pleased with FundsXpress’ ability to quickly respond to one of the most pressing issues facing online consumers today,” said Andy Littlejohn, president of City National Bank of Taylor. “The fxSecurity solution exceeded our financial institution’s security requirements and allows us to respond to the FFIEC guidelines several months before the required deadline.”

About FundsXpress Financial Network, Inc.

FundsXpress is a premier provider of Internet-based financial services and products for banks and credit unions nationwide. Through a state-of-the-art data center the company delivers a secure, scalable and proven financial product suite. FundsXpress’ products include retail and commercial Internet banking, cash management, automated lending, and dynamic Web sites. FundsXpress clients benefit from the company’s value-added compliance support, customer service and leading adoption rates. For more information, please visit the company at http://www.fundsxpress.com.

Legal disclaimer: FundsXpress and the FundsXpress logo are registered trademarks of FundsXpress Financial Network, Inc. The SMART logo, fx eBanking, fxLending, fxPortana, and fxBusiness Banking are servicemarks of FundsXpress Financial Network, Inc.

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Jennifer Dean