CHICAGO, IL, December 14, 2008
/24-7PressRelease/ -- Hanworth Weir Limited, the stock transfer agent and clearing firm today announced the implementation of TransaX-Key for its customers.
In keeping with Hanworth Weir's commitment to provide optimal online security for its customer to increase the safety of online transactions, the Security Key solution uses the concept of a multi-password system. The security key generates 4 dynamic and unique six-digit passwords every time it is switched on. The customer has to login with his/her user ID, user-password and the 4 dynamic codes to be able to transact online. It is a user-friendly product enabling risk-based authentication that allows Hanworth Weir to apply a high level of security and reduce
the chances of any fraudulent practices.
According to Mr. F. Weir, Founder and CEO, Hanworth Weir Ltd., "At Hanworth Weir, we understand the importance of safeguarding the investments of our customers; and that is precisely what a tried and tested security package, such as TransaXKey will do, to boost the confidence of our customers and instill trust in our brand."
Mr. Weir went on to say "Risk-based authentication — even via a Security Key — shouldn't be cost prohibitive. Enabling secure transactions through the online channel creates greater safety for both the organization and the customer. By offering strong authentication to our customers, we proactively protect our customers and our brand online."
Karl Reimann, Senior Account Manager for Hanworth Weir based at their Head Office in Chicago, Illinois, said, "Hanworth weir always has been attracted to the strong level of security that hardware Security Keys provide, and now that the technology is available at a cost efficient price we can employ one of the strongest methods of authentication available."
Hanworth Weir Shareowner Services offers conventional and structured stock transfer, share management and fund clearing solutions for institutional fund managers and brokerages. They are fully affiliated with all the major exchanges and currently serve as the trusted partner to over 90 institutional and corporate clients worldwide. Headquartered in Chicago, IL, Hanworth Weir Shareowner Services has offices in 42 cities around the world with 11 offices being in various U.S. states.
About Hanworth Weir Ltd: Hanworth Weir Shareowner Services offers conventional and structured stock transfer, share management and fund clearing solutions for institutional fund managers and brokerages. They are fully affiliated with all the major exchanges and currently serve as the trusted partner to over 90 institutional and corporate clients worldwide. Headquartered in Chicago, IL, Hanworth Weir Shareowner Services has offices in 42 cities around the world with 11 offices being in various U.S. states.For more information contact: Mr. David Cahill (Head of PR)
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