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M-Tech Announces Wins with P-Synch, the Total Password Management Solution, in Financial SectorM-Tech Mercury Information Technology Inc. today announced that it has completed several new P-Synch enterprise license agreements with major financial institutions with combined assets of over US$150 billion dollars. Included among these institutions are:City National Bank -- California's Premier Private and Business Bank with 50 banking offices in eight California counties. Standard Chartered Bank -- The world's leading emerging markets bank with over 600 offices across 56 countries. Bank of Hawaii -- Hawaii's largest commercial bank, and part of the Pacific Century Financial Corporation. Discover Financial Services – A business unit of Morgan Stanley Dean Witter & Co, operates the Discover Card brands with more than 46 million Card members and the Discover Network with more than 3 million merchant and cash access locations. "Clearly financial institutions have stringent requirements for their systems security software," said Idan Shoham, M-Tech's CTO. "These organizations have validated, through extensive analysis and laboratory testing, that P-Synch provides the best solutions meeting their security and scalability requirements." "Each of these organizations considered competing password management products, but chose P-Synch because of its superior technology and performance," said Alan Donenfeld, M-Tech's Director of Corporate Sales. "This validates M-Tech's advantage in the password management market, as a company with a rich heritage in network security infrastructure." Collectively, these organizations are deploying P-Synch to manage passwords on many platforms, including Windows NT, Windows 2000, various types of Unix, OS390 mainframes, AS400 mid-range systems, client/server databases, Novell NetWare, custom banking applications and more. "Three of these four customers managed their own implementations, with minimal requirement for technical assistance from M-Tech", said Alan Donenfeld. This illustrates the ease with which P-Synch is implemented, integrated and deployed in a heterogeneous environment -- a clear advantage over other password management systems, which require extensive and very expensive vendor supplied implementation services." P-Synch's security features include enterprise-wide password rule enforcement, to eliminate easy-to-guess passwords, and real password synchronization. P-Synch is the only password management product that can synchronize passwords across more than 60 platforms, and includes this feature at no extra cost. P-Synch allows organizations to significantly reduce the costs of password management by allowing users to self-reset their passwords, rather than calling the help desk for support. Password resets account for at least 20% of calls to help desks, and reduce the productivity of users as they wait for resolution Editorial Contact: Karine Aviv M-Tech Mercury Information Technology 403-233-0740 ext 229 karine@psynch.com top of page |
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