REDWOOD CITY, Calif. – Yodlee, Inc. and PassMark Security announced a strategic alliance to enable PassMark’s two-factor/two-way authentication to seamlessly operate with all of Yodlee’s aggregation-powered services. These include online bill pay and personal financial management. Several financial institutions have recently gone live with the PassMark System. According to a recent FDIC report, “electronic financial commerce requires a new and higher level of security, incorporating 1.) two-factor authentication, and 2.) e-mail and Web site authentication”. According to Gartner, about 57 million Americans received phishing-attack e-mails last year.”Financial Institutions are under a lot of pressure to increase online security,” said Avivah Litan, vice president and research director at Gartner.”Stronger authentication methods offer an effective and efficient way to combat phishing attacks and identity theft. By authenticating aggregation providers, it also ensures that consumers can still experience the convenience of consolidated personal account views and access while leveraging the stronger security protections.” “Millions of consumers have come to rely on Yodlee’s aggregation technology to manage their finances online,” said Louie Gasparini, CTO at PassMark Security. “By working together, PassMark and Yodlee can ensure that consumers, and the financial providers who offer these services, can enjoy their use with renewed confidence that the strengthened security will guard against phishing and other forms of online fraud.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.