Resources for Federal Financial Institutions Examination Council (FFIEC)

Multi-million dollar DynaPass Wireless Secure Access license deal in the US

www.newsdesk.se

The Swedish security software company April System Design together with their US business partner 3gLogix has sold an exclusive license of it's patent protected one-time password solution DynaPass to Clareity Security. The multi-million dollar license grants exclusivity for Clareity Security to sell DynaPass in the US financial services industry.

"This is a strong push for dynamic passwords over SMS and a wonderful recognition of DynaPass", says Björn Karlsson, CEO April System Design. "Our partnership with Clareity demonstrates that deep industry knowledge and our patented security technology is a very attractive combination" continues Karlsson.

"Following our success with DynaPass in our solutions for the real estate industry it's natural for us to integrate DynaPass also into our solutions for the much bigger financial services industry", says Gregg Larson, CEO and President Clareity Security. "Our TEXT-pass® product line provides Financial Institutions a truly affordable solution for fully meeting the FFIEC guidance for Authentication in an Internet Banking Environment, and our patent-pending TEXT-pass+™ is the first solution that is truly affordable and effective against Man-in-the-Middle attacks", continues Mr Larson.

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