March 28, 2006 - Atlanta, GA
Beacon Software, Inc., a leading provider of internet banking technology for community financial institutions announced today that it will introduce securXchange multiple factor authentication for its Compass Internet Banking Platform™ with its upcoming release, scheduled for May, 2006.

In October, 2005 the Federal Financial Institutions Examination Council (FFIEC) issued guidelines that direct financial institutions to enhance online authentication by the end of 2006. Beacon Software, Inc. will provide an overview of the FFIEC guidelines, present its multi-factor authentication solution and discuss its implementation during a series of webinars in the coming weeks.

The FFIEC guidelines note that single-factor authentication, which typically involves submitting only a password and/or one personal identification number (PIN) often fails to protect online banking users. Instead, FFIEC recommended that financial institutions seek multi-factor authentication solutions.

“Beacon's securXchange solution will satisfy the FFIEC’s guidelines for additional levels of authentication”, said Beacon President/CEO Jack Fullen. “securXchange uses a combination of an image pre-selected by the user at registration and a token supplied by the bank to the user upon approval of their registration. At login, the user's pre-selected image will be displayed on the screen indicating they are using their bank's internet banking website. The user will then key their token using an on-screen keypad. In addition to satisfying the two-factor requirement, securXchange also prevents phishing and key logging”, Fullen said.

Media Contact:

Media Relations Director
Beacon Software, Inc.
1800 Parkway Place; Suite 930
Marietta, GA 30067
Phone (678) 797-1551