"Man-in-the-Middle and Man-in-the-Browser have necessitated a clear differentiation between the roles of Customer Authentication and Transaction
Verification"

Financial Institutions are moving rapidly to Strong Authentication as a means of responding to increasing fraud levels and to comply with regulatory
directives. The traditional method of only authenticating a user at logon time is no longer sufficient to protect financial institutions and
their customers from the latest sophisticated fraud including Man-in-the-Middle attacks.

Consumers need to know they are dealing with the legitimate financial institution in addition to the financial institution needing to know they are dealing with their customer before committing a transaction. This requires both Mutual Authentication and Transaction Verification.

ValidSoft provides financial institutions with an automated system for achieving both Mutual Authentication and Transaction Verification. The ValidSoft system employs an out-of-band, real-time, conversational model that can be easily integrated into existing applications. The user can be authenticated and transactions can be verified before the user and the financial institution commit the transaction. The solution is an automated telephony-based system that utilises the devices a customer already has and is a cost effective alternative to providing dedicated hardware devices or software solutions.

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