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AscendantFX to enhance international payment platform security with YubiKey multi-factor authentication
JERSEY CITY, NJ, (March 23, 2015) — AscendantFX, a provider of worldwide payment solutions, is pleased to announce that the company will be enhancing the security features available on its online payment platform, AFXOnline, by supporting security tokens for multi-factor authentication.
Security tokens are used to prove an individual’s identity electronically and multi-factor authentication provides the highest levels of security against fraud. Along with the employees User ID and Password, clients will now have the option to require their employees to insert their personal security token into their computer before being able to login to AFXOnline.
AscendantFX chose the YubiKey from Yubico as the preferred authentication device for its ease of use and security functionality. The YubiKey is a unique USB device offering one-touch strong authentication and supports multiple authentication protocols for all devices and platforms. YubiKey multi-factor authentication can be activated on a per client basis.
YubiKey features include:
- No need for drivers, client software and middleware – Uses native drivers and support built into the browser. No installation, no configuration – they just work! No certificate authority needed and open source reference software is available for integrations.
- Highly scalable while protecting your privacy – Generates a new set of encryption keys for every service. The keys are only stored on the specific service being accessed. With this approach, no secrets are shared among service providers and YubiKeys support any number of services.
- Great user experience – All it takes to register and authenticate is a simple touch of a button! Authentication can be owned and controlled by users, who connect directly to a service provider without a third-party software or service provider.
Multi-factor authentication roll-out will begin on 01 Apr 2015. For more information, please visit www.AscendantFX.com or www.Yubico.com.
About AscendantFX
AscendantFX offers a complete range of foreign exchange services. It operates from offices in the United States & Canada handling wire transfers to 235 countries in 140 currencies. AscendantFX’s advanced technology platform enables integration of payments and reporting with selective customer interfaces. AscendantFX helps non-profit organizations, charities, educational, financial institutions, food and beverage industry, travel, importers and exporters. AscendantFX traded $1.5 billion in currencies last year. More details can be found at www.AscendantFX.com .
About Yubico
As the inventors of the YubiKey®, Yubico sets new world standards for secure login across the Internet. Our unique USB and NFC key offers one-touch strong authentication supporting multiple authentication protocols for all devices and platforms – with no driver or client software needed. With successful enterprise deployments in 140 countries, including 7 of the top 10 Internet companies, Yubico is adding the consumer market to its list of strong authentication converts. Founded in 2007, Yubico is privately held with offices in Palo Alto, Calif., Stockholm, and London. For more information, please visit www.yubico.com.