Texas Bankers Association Endorses Q2ebanking Risk and Fraud Analytics Solution
AUSTIN, Texas, June 8, 2011 – Q2ebanking (Q2), a provider of premier electronic banking solutions for community financial institutions, announced today that its risk and fraud analytics (RFA) solution has been endorsed by the Texas Bankers Association and its subsidiary, TBA Services Company Inc. RFA monitors consumer and business transaction activities across all channels in real time and reacts proactively to detect and flag potentially fraudulent transactions. Q2 continuously updates the security solution to meet the latest threats and challenges, and regularly modifies algorithms to enhance overall platform security. The Q2Security solution also includes native out-of-band transaction authentication, multifactor authentication (MFA), real-time alerts and VeriSign® tokens to protect both consumer and commercial transactions. “As fraud continues to evolve and financial attacks become more sophisticated, it is essential that community banks partner with companies that stay current and proactive in their defense,” said Wanda Stevens, vice president of Texas Bankers Association. “We are proud to endorse progressive companies like Q2 that help protect community banks and their customers. Q2 has been Texas Bankers Association’s endorsed provider for online, voice and mobile banking solutions since 2009. Combining Q2’s online banking, voice banking, mobile banking and multi-channel security solutions into a single channel provides Texas Bankers Association members with modern, competitive solutions and a minimal cost of ownership. “Raising the standards for multi–channel security is essential to helping community banks gain a competitive advantage in today’s marketplace,” said Matt Flake, president of Q2ebanking. “The Texas Bankers Association recognizes the need for community focused banks to fully integrate an advanced security solution with all of its electronic banking platforms. Fraud is prevalent in today’s society and a proactive security system not only protects the bank’s money, but also its reputation and its customers – two assets that cannot be replaced.” Q2 solutions enable community institutions to address current and projected FFIEC guidelines. They also include security features that extend beyond standard regulations for additional protection against fraud. Its RFA solution provides a robust case management tool and security alert and reporting capabilities.