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A Southeast Regional Bank Deploys StrikeForce's Out-of-Band Authentication Technology to Meet Regulatory ComplianceKey Deciding Factors in Winning This Deal: The Patent, Flexible Pricing Models, Ability to Install and Manage Software on Bank's Premise (December 06, 2011)
EDISON, NJ -- (Marketwire) -- 12/06/11 -- StrikeForce Technologies (OTCBB: SFOR), announced today that a Southeast Regional Bank has deployed StrikeForce's ProtectID® Multi-Factor Out-of-Band Authentication Platform to meet FFIEC regulatory compliance. Key deciding factors in winning this deal were: the Patent, Flexible Pricing Models and the ability for the Bank to install and manage the software on their internal network.
"This is getting more exciting by the day," says Mark L. Kay, CEO of StrikeForce, it was just three weeks ago today that we announced that we had won a Multi-Year Licensing Contract for our Out-of-Band Authentication Platform from One of the Nation's Largest Financial Service Companies, and now announcing another Financial Service Organization has deployed our technology.
"What's exciting about both of these announcements is that each of the organizations had a stringent evaluation & testing process, and in both cases our ProtectID Out-of-Band Authentication Technology emerged as the 'Best of Breed' and clear choice for their needs. In addition to being awarded the Patent for Out-of-Band Authentication January 2011, we have the only Out-of-Band Platform on the market that also supports Hard Tokens, Mobile Tokens, Desktop Tokens and six Out-of-Band Methods all at the same time with redundancies; additionally, our platform can be installed and managed on premise, in the cloud, or a hybrid or both. For Banks it has become clear that these deployment options are extremely important especially with the Patent," says Kay.
Regulatory Compliance and Data Breach mitigation are two of the key driving factors effecting all organizations today. Having an authentication platform that can be leveraged across internal employees, remote access employees, business partners, customers and transaction verification is both prudent and cost effective and winning us business.
About StrikeForce Technologies, Inc:
StrikeForce Technologies, Inc. (www.strikeforcetech.com) helps to prevent online identity theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions. StrikeForce Technologies, Inc. (OTCBB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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