SOURCE: Bharosa

May 22, 2006 08:00 ET

AudioTel Corporation Selects Software From Bharosa to Power Its Strong Authentication Solution for Online Banking

DALLAS, TX and SANTA CLARA, CA -- (MARKET WIRE) -- May 22, 2006 -- AudioTel Corporation, a leading provider of software for financial institutions, today announced it has selected Bharosa, Inc., a global provider of secure multifactor authentication solutions, to supply the software that will power the company's strong authentication solution for online banking.

AudioTel plans to launch the new solution to all of its customers in the third quarter of 2006. This will enable financial institutions to upgrade their online security ahead of the FFIEC deadline. It will also provide these institutions with the highest quality, affordable technology available in the marketplace to combat a rash of online security threats. "It is AudioTel's mission to deliver state-of-the-art technology to our customers," said Brian Leopold, CTO of AudioTel. "We found in Bharosa a solution that is not only more robust than other available online security products, but also that is better equipped to satisfy the diverse needs of our customer base."

The solution will offer strong second and third-factor online security, available as part of AudioTel's TeleWeb Online Banking platform. AudioTel will integrate Bharosa's Authenticator and Tracker products, which are already licensed to leading financial institutions and more than 10 million users in 64 countries worldwide. "We are pleased to have been selected by AudioTel," said Jon Fisher, CEO of Bharosa, "and to be able to extend our solutions, which have gained traction among some of the world's most discerning financial services firms, to AudioTel's customer base of more than 1,000 financial institutions."

Bharosa's Authenticator product combats identity theft attacks, including Phishing, Trojans and Proxy-based Fraud, using state-of-the-art data encryption methods. Bharosa's Tracker product monitors and scores risk and detects online fraud. Together, these products offer security strengths characteristic of hardware combined with the flexibility, affordability and ease of use of the Web. More information is available at www.bharosa.com.

About AudioTel

Named a Five Star Award winner (2004) by Independent Bankers Association of Texas, AudioTel has proven that not only do they provide excellent service but also innovative solutions that help their customers grow their business faster, enhance their profits, and gain efficiency. Founded in 1993, AudioTel specializes in software for financial institutions, offering integrated solutions for proof of deposit, check imaging, document imaging, remittance, and microfilm replacement, as well as Internet Banking, Telephone banking, and Web site design and hosting. Based in Addison, Texas, just 20 miles north of downtown Dallas, AudioTel supports over 1,000 banks across the United States. For more information, visit www.audiotel.com.

About Bharosa

Bharosa, Inc. is a privately held company founded in May 2003 and headquartered in Santa Clara, California. Bharosa offers online security solutions to protect against the rising risks of Phishing, Trojan and Proxy-based fraud. Patent-pending Tracker and Authenticator products offer purely Web-based, multifactor authentication and online fraud monitoring and detection. More information about Bharosa is available at www.bharosa.com.

Contact Information

  • Press Contacts:
    Danielle Cole
    Bharosa
    Email Contact
    (415) 505-9273

    Lindsay Sutherland
    AudioTel Corporation
    Email Contact
    (972) 239-4486