TELECOM Digest OnLine - Sorted: Bank of America Launches Online Security Features in Mid-Atlantic

Bank of America Launches Online Security Features in Mid-Atlantic

Monty Solomon (
Mon, 11 Jul 2005 15:57:28 -0400

Industry-leading online security service provided for free to protect
accounts and identify fraudulent Web sites

CHARLOTTE, N.C., July 11 /PRNewswire/ -- Bank of America's online
customers in Virginia, Maryland and Washington, D.C., have a new way
to help prevent fraud and identity theft with the launch this week of
an industry-leading protection service with their Online Banking.

The new service, called SiteKey(TM), is free. Customers pick one of
thousands of images, write a brief phrase and select three challenge
questions. The customer and the bank can pass that information
securely back and forth to confirm each other's identity.

Using SiteKey is like getting a safe deposit box that takes two keys
to open. Before the customer and the bank agree to open the box
together, they confirm each other's identity.

Bank of America, which has the most online banking customers in the
country, is the first major financial services company to provide this
added level of security. The service was announced in May and is being
rolled out across the country throughout the year.


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