SOURCE: Arcot Systems, Inc.

November 28, 2007 09:23 ET

AccuTech Systems Finds Arcot Systems' RiskFort a Bulwark Against Online Fraud and Identity Theft

SUNNYVALE, CA--(Marketwire - November 28, 2007) - AccuTech Systems Corp., a leading provider of comprehensive trust and investment management accounting software, has found RiskFort, the risk-based authentication solution from Arcot Systems, to be an effective tool in protecting its clients against online fraud and identity theft. AccuTech's clients include trust departments of leading banks, independent trust companies, law firms with wealth management practices, non-profit organizations and governmental agencies.

"These companies need to demonstrate to their customers each day that for every user and every online transaction, the person at the other keyboard is a legitimate customer and not someone out to steal someone's identity or account data," said Ray Unger, president and CEO of AccuTech Systems. "RiskFort has been helping us provide that assurance of validity to our customers every time someone accesses their data."

Unger said AccuTech Systems needed to comply with the Federal Financial Institutions Examination Council's (FFIEC) guidelines, which call for institutions to implement multi-factor authentication, a requirement of their customers' auditors. He said AccuTech found out right away that Arcot's complete solution gives them much more than just FFIEC compliance. "The option of adding new capabilities over time -- like more authentication layers and digital signatures -- without having to change systems, vendors, platforms or technologies, made our choice of Arcot that much easier."

Arcot's RiskFort provides strong protection against online fraud in real time. It gathers data during the login process to focus in on suspicious activity, formulating a risk score based on the customer's business rules and security protocols. The risk score then determines if the transaction is to be accepted or declined, if a greater degree of authentication is required, or if customer service or network security personnel need to be notified.

Arcot's future-ready solution can provide other benefits such as enhanced online security and business process improvements with the unique, software-only ArcotID. This secure, easy-to-use access credential provides another factor of authentication security, without changing the familiar username/password login experience of AccuTech's customers or their end users. It also paves the way to enhance business processes with legally acceptable, non-reputiable digitally-signed documents.

"Meeting various regulatory requirements and warding off threats from sophisticated cyber criminals are two crucial requirements for financial software providers looking to exceed customers' expectations and maintain their competitive edge," said Carol Alexander, vice president of marketing at Arcot Systems. "Arcot is pleased to be able to give AccuTech Systems a solution that enables it to create a safer online environment for its customers and comply with the FFIEC guidelines."

About AccuTech Systems Corporation

AccuTech Systems is the fastest growing trust and investment management software provider in the nation. We currently service a client base of over 350 institutions in 38 states, ranging from start-ups to multi-billion dollar departments. Having served the trust and investment management accounting industry for over twenty years with community banks, private trust companies, non-profit organizations, IRA administrators, law firms, RIA's and government agencies throughout the U.S. and Canada to our name, our products have established a reputation as some of the most reliable and cost-effective solutions available. AccuTech Systems also offers three delivery methods: 1. In-house; 2. ASP; and 3. Outsource.

AccuTech Systems, in partnership with Campbell University and The Fiduciary Education Center, also offers an educational service to the trust industry, AccuTech University. The association with Campbell University gives professionals the ability to earn Accredited Trust Financial Advisor (ATFA) and Accredited Trust Operation Professional (ATOP) designations, maintain Certified Trust Financial Advisor (CTFA) and Certified Securities Operations Professional (CSOP) designations and expand trust knowledge. AccuTech Systems Corporation is your partner in trust & investment management software and trust education. For more information, visit:; call: 800-686-0470 or contact us at: 2620 North AccuTech Way, Muncie, IN 47304

About Arcot Systems

Arcot Systems is a leading provider of risk-based authentication, strong authentication, digital signing and cardholder authentication solutions. The company makes online transactions safe for millions of customers by blocking fraud and protecting access. Arcot technology defends against Internet threats including phishing, man-in-the-middle, and spyware. Its 100% software authentication solutions eliminate the need for hardware tokens and complex login processes providing customers with strong, PKI-based authentication with the simplicity of a username/password interface. Arcot offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC Internet Banking Authentication recommendations. For more information, visit

Arcot, Arcot WebFort and ArcotID are registered trademarks of Arcot Systems Inc. All other trademarks are the property of their respective owners, and are used for identification purposes only.

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