SOURCE: BioPassword

February 12, 2007 08:00 ET

Leading Northwest Credit Union Chooses BioPassword for Cost-Effective Multi-Factor Authentication

Credit Union Serving Microsoft Employees Selects BioPassword Software to Identify Online Members Based on Typing Rhythm

SEATTLE, WA -- (MARKET WIRE) -- February 12, 2007 -- BioPassword, Inc., the only software company providing secure authentication and anti-fraud solutions based on the behavioral biometric of keystroke dynamics, today announced that First Tech Credit Union is deploying BioPassword Internet Edition to authenticate online users by the rhythm of their typing. First Tech boasts more than 150,000 members at 15 branches throughout the Pacific Northwest and is deploying BioPassword to ensure secure access while complying with new FFIEC guidelines.

With nearly 17,000 Microsoft employees among its membership, First Tech manages highly sensitive financial information. With the increased adoption of both banking and security threats online, the credit union faced the challenge of maintaining its commitment to protecting its members without infringing on the convenience of online banking.

"Given our concentration of technically minded members, First Tech strives to provide the best and most innovative technology solutions on the market," said Joey Rudisill, CIO and vice president of IT at First Tech Credit Union. "We searched for a reliable security solution that also promoted accessibility and functionality. With BioPassword's software-only solution, we are providing an additional security layer without being intrusive to our members."

BioPassword Internet Edition monitors and enforces authentication of online users based on a simple, yet powerful combination of the user's standard login credentials (userID and password). With BioPassword Internet Edition, organizations, like First Tech, can quickly and easily implement secure access, while complying with regulatory requirements and substantially reducing fraud. BioPassword offers a significant improvement with true two-factor biometric authentication that does not require specialized hardware.

As part of BioPassword's Premier Partner Program, Allied Solutions is implementing BioPassword Internet Edition at First Tech Credit Union. Allied Solutions is an expert in the credit union space, as it has been a leading provider of insurance, lending and marketing products and services to financial institutions and their members for 26 years. Allied's 3,500 banking, credit union and insurance industry customers include 80 of the top 100 banks in the world.

"As security threats are continuously on the rise, credit unions like First Tech must deploy solutions that protect their members' privacy while maintaining the ease-of-use of banking online," said Pete Hilger, executive vice president at Allied Solutions. "BioPassword is already proving itself as a viable two-factor authentication option with the lowest TCO for credit unions across the country."

"We are excited that First Tech is joining BioPassword's growing customer base of financial institutions using our unique software for secure authentication," said Dean Bravos, vice president of worldwide channel sales at BioPassword. "As a highly respected credit union that serves many prominent, well-informed technology executives, First Tech's decision to deploy BioPassword is a great validation of our solution's strengths and capabilities."

About First Tech Credit Union

Founded in 1952 by employees at Tektronix, First Tech Credit Union is based in Beaverton, Oregon and operates 15 branches throughout Oregon and Washington.

Over the years, First Tech innovations have set high standards in the credit union industry: the invention of online banking in the early 1990s, helping create a shared branching and ATM network for credit union members around the world, and more.

Membership is open to all residents in the state of Washington, those working for the state of Oregon, working in the high tech and telecom industries, living or working in Lane County, Oregon, and students, employees, and officials of post-secondary educational institutions within 25 miles of a First Tech branch. For more information, please visit firsttechcu.com.

About Allied Solutions

Allied Solutions (www.alliedsolutions.net) has provided quality insurance, lending and marketing products and services that meet the constantly changing needs of financial institutions and their members for more than 26 years. We provide innovative, value-added products and services that give our clients a competitive advantage and back them up with a level of service that is unsurpassed. Cutting-edge technology, competitive pricing strategies, and superior service and training support our business. We train our staff and design our systems around this philosophy, and choose carriers that share the same commitment. This commitment to service, combined with our commitment to quality, sets us apart from the competition.

About BioPassword

BioPassword, Inc. (www.biopassword.com), located in Issaquah, Washington, leads the market in delivering enterprise security software solutions for multi-factor authentication and reducing fraud using the biometric science of keystroke dynamics. BioPassword protects company and individual assets with a simple, yet powerful combination of the user's standard login credentials (userID and password) with the behavioral biometric of keystroke dynamics (their unique typing rhythm). BioPassword's authentication software is fast, accurate, transparent, scalable to millions of users and immediately deployable across the organization and the Internet without the need for expensive tokens, cards or other specialized hardware. To learn more about BioPassword visit our Web site or contact us at (425) 649-1100. For a live demonstration of keystroke dynamics, log onto www.biopassword.com/demo1.

BioPassword® is a registered trademark of BioPassword, Inc. All other trademarks and registered trademarks are the property of their respective owners.

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