Fergie's Tech Blog

Bank of America hits delay in move to stronger authentication

Robert McMillan writes in InfoWorld:

The Bank of America's (BofA) roll-out of a stronger user authentication technology has hit a snag and is now expected to be completed in the early part of 2006, several months later than originally planned.

The Charlotte, North Carolina, bank had expected to make a new authentication service, called SiteKey mandatory for all of the bank's 14.3 million online banking customers sometime this month, but that date has now been pushed back to early 2006, according to Betty Riess, a spokeswoman for BofA. "We've made some adjustments in terms of the rollout schedule," Riess said.

She declined to comment on what exactly had caused the delay, saying only that "sometimes when you get to actually doing the implementation, you make adjustments."

posted by Fergie @ 10/21/2005 07:27:00 AM