Odyssey provides a host of e-security solutions for managing your high-value treasury services from payment frauds, and identity thefts. According to the ‘Payments Fraud and Control Survey’ conducted by The Association of Financial Professionals in 2012, two thirds of financial organizations experienced attempted or actual payment frauds in 2011. Fraudsters targeted check payments the most, followed by debit cards, credit cards, and wire transfers. The average financial loss from payment frauds was $19, 200.
Given the high stakes and increasing threats, protecting your assets and customers is paramount. However, striking the right balance between risk and security can be challenging, especially given the complexity of web applications involved in providing treasury services as well as the difficulty in finding comprehensive e-security solutions that can be deployed and managed easily, without burdening your IT team.
Odyssey provides a comprehensive solution to protect online treasury services through a combination of its Snorkel line of transaction security products.
Ability to digitally sign forms, document uploads and transactions including cheque payments, card payments, fund transfers, trade transactions, cross-currency payments, managing cash positions and investments, etc.
Centralized e-security administration for multiple treasury activities including cash management, cash and escrow services, trade services, document workflow applications, and back office processing.
Accountability for all web-based transactions, file uploads, and form submissions using digital signatures.
Solution deployment in the order of only few man weeks. No need for changes to the existing IT infrastructure or code-base.
Supports all applications employed for treasury services regardless of vendor, hardware platform, or software platform.
Web applications, databases and web servers can evolve to meet new business needs without compromising security.
Low cost of deployment and maintenance. Solution independent of third-party APIs and databases.
Accommodates upgrades and changes to the IT infrastructure without compromising security.
Allows services to scale confidently without having to worry about security.
A powerful transaction security server for protecting web applications from identity thefts and transaction frauds. The server provides a rich set of e-security features including two-factor authentication, access control, secure communication channel, accountability and integrity.
A full-featured security gateway server that is deployed to interface two or more transacting business applications.
A Terminal Line Encryption server for protecting payment gateways.
Odyssey Technologies Limited is the leader in PKI technology and e-security solutions in the Asia-Pacific region. Odyssey develops products and solutions for Internet transaction security and is recognized by the Controller of Certifying Authorities in India as a technology vendor. The company proudly supports the security needs of major banks and financial institutions in the Asia-Pacific region and has earned their trust as a reliable vendor.