Established in 2004 with the goal of delivering a higher level of service and profitability to community banks across the country, FNB and its family of companies (First Payment Services® and Secure Identity Systems®) are leading the way with state-of-the-art, secure credit card and gift card processing, and comprehensive fraud and identity theft protection, closing the security gap while providing an unmatched level of service. The FNB Merchants family of companies provides a comprehensive list of services that protect and defend financial institutions, businesses and individuals.
Originally formed to distribute credit card issuing and processing services, it quickly became apparent that many community banks across the country were risk adverse to more than a referral relationship. So began the quest to mitigate risk to an extent that financial institutions would be amenable to a more robust offering.
In 2005, our quest took us all over the United States and ultimately to Washington D.C., where we met with regulators and legislators to better understand how they saw ID theft and fraud risk. It became apparent that the industry as a whole was not properly identifying the risk, nor were they sufficiently prepared for the growing threat.
We then took the first of many trips to Israel in search of state-of-the-art authentication tools. By 2006, Secure Identity Systems (SIS®) was formed and quickly held three North American Patent Rights for Identity Theft Prevention and Authentication.
By the time the regulatory “Joint Release Red Flag Rule” was handed down, SIS was the only company in the United States to have a complete, end-to-end solution already in place, addressing everything from Institutional Risk Assessments to a Policy and Procedure Manual, an Employee Training program, New Account Authentication, and Change of Address Verification, as well as Anti-Phishing and “covered account” ID Theft protection programs.
Secure Identity Systems has since added Data Breach Insurance Coverage, Post-Breach Recovery Services, Cell Phone Encryption Remote Erasure and Lost/Stolen Replacement, and Credit Card Breach Program for Merchants to their list of services designed to protect and defend financial institutions, businesses and individuals from Identity Theft.
Today, the FNB Merchants family of companies (First Payment Services and Secure Identity Systems) serves over 700 financial institutions across the United States.
FNB is a proud global sponsor of EO.
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