Leading Retail Prepaid Debit Card and Cash Acceptance Network Provider Selects Aveksa Enterprise Access Governance Platform for Access Compliance and Risk Management
WALTHAM, MA—June 23, 2009—Aveksa, Inc., the market-leading provider of enterprise access governance solutions, today announced that Green Dot Corporation, a leading provider of retail-based financial products and services, has selected Aveksa to manage access-related business and compliance risks across its enterprise. Green Dot will leverage the Aveksa Access Enterprise Governance Platform to more efficiently govern employee access to sensitive corporate information and to achieve sustainable access risk management and compliance with industry regulations such as the PCI Data Security Standard (PCI DSS).
Green Dot Corporation was the innovator in selling prepaid debit card products at retail and is today the largest company providing such products and services. They are available in all 50 states, in more than 50,000 retail locations nationwide, including Walmart, Walgreens, CVS/pharmacy, Rite Aid and Kmart. Additionally, Green Dot owns and operates the Green Dot Financial Network (GDFN), the largest domestic cash-acceptance network of its kind. GDFN offers prepaid card reloading and other cash collection services to America's leading banks and financial services companies. The company selected the Aveksa Access Governance Platform to create an automated, sustainable process for the monitoring, reporting, certification and remediation of user entitlements, as well as for continuous role lifecycle management.
“Green Dot is committed to providing the highest levels of protection for the confidential information of our customers, and managing access risk is crucial for the success of our efforts,” said John Coffey, SVP, Chief Information Security Officer at Green Dot Corporation. “The Aveksa Access Governance Platform will enable us to more easily and cost-effectively satisfy our identity audit and access business risk management requirements by automating our user certification and role management processes. Aveksa will help us enable business assurance and brand protection by more effectively managing access risk.”
The Aveksa Access Governance Platform is the industry’s first comprehensive solution for access governance, risk and compliance management. It is comprised of the Aveksa Compliance Manager, which automates the monitoring, reporting, certification and remediation of user entitlements; the Aveksa Role Manager, which enables role discovery, modeling and maintenance; and the Aveksa Access Request and Change Manager, which combines a business-centric interface and an automated, streamlined request process with policy controls to ensure that access is appropriate.
With the Aveksa Access Governance Platform, organizations such as Green Dot can now leverage the industry’s most scalable solution to efficiently address security and regulatory demands through a collaborative process that automates manual tasks, enforces accountability, provides the auditable evidence of compliance, reduces access related business risk and creates an effective process for accessdelivery across the entire enterprise.
“Green Dot is the latest in a growing list of industry leading companies that have recognized the value of implementing automated, sustainable business processes for access governance with Aveksa,” said Deepak Taneja, president and CTO of Aveksa. “Aveksa enables these businesses to reduce the cost and complexity of governing user access while minimizing their business risk. We look forward to helping Green Dot achieve its security, risk and compliance goals, and increase its operational efficiency with the Aveksa Access Governance Platform.”
About Green Dot Corporation
Green Dot Corporation is a leading provider of retail-based financial services for America's underserved community. The company offers consumers financial products and services through more than 50,000 leading retailer locations nationwide including Walmart, Walgreens, CVS/pharmacy, Rite Aid, Kmart, Kroger, Ralphs, Fred Meyer, Smiths and Radio Shack. Green Dot’s products include Green Dot MasterCard-® and Visa-®branded prepaid debit cards and the Green Dot MoneyPak®. The Green Dot MoneyPak is a consumer to business “C2B” cash processing gateway that provides a convenient and efficient way for consumers to load cash to prepaid cards, use cash to make purchases and pay bills, and add cash to a variety of accounts. Green Dot is headquartered in the greater Los Angeles area. To learn more about Green Dot products and services, please visit www.greendotonline.com and www.moneypak.com. Green Dot and MoneyPak are registered trademarks of Green Dot Corporation.
About Aveksa
Aveksa provides the most comprehensive, enterprise-class, access governance, risk management and compliance solution. Aveksa automates the on-boarding, change management, monitoring, reporting, certification and remediation of user entitlements and roles; enables role discovery and lifecycle management; and delivers unmatched visibility into the true state of user access rights. With Aveksa, business, security and compliance teams can effectively collaborate and enforce accountability. Our growing customer base includes leading Global 2000 organizations in financial services, healthcare, retail, transportation and manufacturing. For more information, go to www.aveksa.com
