Q2ebanking Launches ActiveDefense, Real Time Fraud Mitigation Tools for Community Financial Institutions

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Fraud Tools Native to the Q2ebanking Platform, Combines MFA, Tokens and Risk Engine

Most providers continue to offer user authentication at customer login, while fraud has evolved to surpass these approaches

Q2ebanking, the premier financial services technology company serving community financial institutions, today announced the general availability of their latest solution, Q2ActiveDefense. Q2ActiveDefense is the most recent introduction in the Q2ebanking suite which features voice, mobile, and online banking on a single platform.

Q2ActiveDefense encompasses multiple solutions based on a financial institution's needs. The solutions include multi-factor authentication (featuring native, out- of-band credentials), VeriSign tokens for consumer and commercial clients for use for transaction-level authorization, and analytics for real-time transaction decisioning.

Hank Seale, CEO of Q2ebanking said, "We're thrilled with the latest advance from our Risk and Fraud Development team here in Austin. Our clients demand tools to mitigate and defeat fraud and we've made significant investments in our platform, processes, and people to attack these threats. We believe that our security offerings are state of the art and exceed the offerings from larger national banks."    

"Most providers continue to offer user authentication at customer login, while fraud has evolved to surpass these approaches," notes Q2 Chief Technology Officer, Adam Anderson. "Relying on user ID, password, and static challenge questions leaves a financial institution's clients vulnerable to some of the latest threats including Trojan.banker and Zeus bot variants. Our solutions model user behavior and evaluate ACH and wire transactions in and recipients in real time prior to a transaction being released to determine which transactions appear legitimate and which indicate possible fraud. Our analytics solution features a robust case management tool, policy engine and enhanced transaction alerts that reside on the same platform and use the same administration as our voice, mobile, and online solutions."

For more information on Q2ActiveDefense, please contact marketing(at)q2ebanking(dot)com or call 512-275-0072.

About Q2ebanking
Q2 is a privately-owned and customer-owned technology company enabling community financial institutions with electronic banking software and services. Q2 was recently recognized as one of the fast growing private companies in America by Inc. magazine, debuting at 124. In the past two years, Q2 has converted over 200 community financial institutions and resellers. Focused on driving innovative technology and delivering unmatched customer service, the Q2 solution operates on a Microsoft.Net®-based platform that offers flexible deployment options for online, voice, and mobile banking applications. http://www.q2ebanking.com

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Ward Howell
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