Introduction to PIN-SECURE

Due to security issues, the U.S. financial industry regulatory agencies are imposing on all regulated banks, credit unions and savings associations requirements which dictate enhanced authentication of online banking customers.

The need for financial institutions to address the growing security issues posed by malware schemes directed at financial transactions, and the many phishing and pharming attack scams, is not limited to the U.S.  It is and will continue to be a world wide problem.  It is also a problem which is now spreading to e-commerce merchants.  Soon e-merchants world wide will be seeking a customer authentication solution.

As discussed in the white papers presented on the website, ACAP Security has developed and is delivering a superior solution.  Provided under the trade name PIN-SECURE™ the system uses ACAP’s existing ppn Technology™ and highly secure PIN pad client application software to provide quad-factor authentication.

PIN-SECURE meets the need for a high level of customer authentication and is designed to defeat the fraud and negative effects of phishing attacks and malware activities directed at online banking transactions.

PIN-SECURE is unique and effective because the PIN based authentication factor is not resident in the customer’s computer.  The PIN is never resident in the Internet browser, a cookie, or stored anywhere in the customer’s computer.  The PIN pad software is securely delivered only when needed.  It securely accepts the customer’s PIN and securely delivers it to the online banking service provider.  The PIN pad software is immediately and securely erased following the PIN delivery, or if any hacking is attempted, if the communication link is dropped, or if the customer does not timely enter the PIN.

The PIN-SECURE system seamlessly integrates with existing online banking service providers.  It requires no special skills from online banking customers and is compatible with all common computers and operating systems.  Plus, the PIN-SECURE system automatically secures the PIN across all wireless
networks and Wi-Fi services irrespective of the security setting on the hardware or the wireless network. 

We can immediately support delivery of PIN-SECURE to small single branch banks and credit unions at a price and operating infrastructure which they can afford.  Immediately delivery is also available to mid-sized and large banks and financial institutions with regional, national and international operations.

Some of the key features and benefits include:

Operates from any computer from anywhere in the world.
No customer authentication PIN information is stored in the computer.
No keyboard entry of PIN data.
Secure over wireless, Wi-Fi data links.
Simple for online banking customer to use.
No special training required of online customers.
Simple to install.
Secure PIN-pad and data erase.
Prevents Phishing, Pharming and Malware based attacks.
Exceeds compliance of online banking security regulations.
Quad-factor customer PIN-based authentication.
Visual PIN entry deception security.
No storage of PIN in user’s computer.
Operates with all common computer and operating systems.
Compatible with existing online banking service provider’s systems.
More secure than an ATM.
Proven technology.
Seamless integration with existing online banking services.

PIN-SECURE is not available from any other source.

 See:(1)  MultiFactor Authentication

         (2)   PIN-SECURE access