|[October 12, 2012]
F&M Bank & Trust Continues Its Service Revolution with Adoption of OBS M-Secure Banking Services
ATLANTA --(Business Wire)--
Online Banking Solutions (OBS)
announced today that The
F&M Bank & Trust Company of Tulsa, Oklahoma has implemented
the OBS M-Secure
Online Banking Services. M-Secure layered services provide:
M-Secure Browser for malware protection
integrated multi-factor authentication services consistent with
guidelines of the Federal Financial Institutions Examination Council
M-WASP, a Web Application Security (News - Alert) Platform that protects against
The $2.1 billion-asset F&M Bank chose OBS over competitors Trusteer and
IronKey (News - Alert) in a selection process that began in 2011. The installation was
completed in md-2012 and rollout is currently underway to cash
management clients. F&M senior vice president Debbie Chastain pointed to
OBS's many years in the cash management business, its expertise and
proactive approach to security matters, and its versatility as key
factors in the bank's decision.
"We needed security solutions to bring us up to the FFIEC guidelines for
secure online banking in addition to giving our customers the best
protection while making our services easy to use," stated Chastain.
"Our executive management has mandated a very strong focus on our
treasury products, and OBS has long-term expertise in cash management.
If you are in that business, you also have a history of fraud
prevention. OBS is a strategic partner for us, one that is not siloed
into a single type of solution," she continued.
"F&M Bank wanted services to secure their online banking, web, and
payments offerings," states Joe Spatarella, chief marketing officer at
OBS. "We worked through their checklist and made sure each item was
covered to their satisfaction, from the browser through to the back-end."
F&M's motto is "Service Revolution (News - Alert)," reflecting its strategy of
intensive commitment to lead the banking industry back to where the
customer comes first.
"Our security awareness campaign, to educate our customers on all
aspects of security and fraud prevention, has been ongoing for several
months. Partnering with OBS for the Secure Browser, especially at this
time, fits very well with that strategy," concluded Chastain.
About F&M Bank
F&M Bank was founded in 1946 and has been headquartered in Tulsa,
Oklahoma from the start. The bank is a privately held, state chartered
bank with assets of $2.2 Billion. Our Service Revolution
is a commitment to bring cutting edge technologies and experience to our
Our expertise includes Commercial & Industrial, Energy, and Healthcare
Lending; Commercial Real Estate and Small Business Lending; Private and
Consumer Banking; as well as Treasury & International Services and
About Online Banking Solutions
Online Banking Solutions was founded in 2002 by a management team that
pioneered Web cash management and business banking technology. Privately
held and profitable, OBS provides contemporary e-banking products
including multi-channeled reporting, transaction, and file delivery
services. Its clients include commercial banks, 11 of the top 100 U.S.
commercial bank holding companies, community banks and credit unions.
OBS offers financial institutions the benefits of a large-scale
technology provider coupled with the tenacity and customer-driven
service of a small, aggressive entrepreneurial organization.
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