Online and Digital Identification, Securing Web 2.0, PKI and Digital Certificates

Advance Bank of Asia in Cambodia receives advanced authentication solution

Thursday, January 28, 2010

Gemalto is providing its Ezio Pocket Reader to customers of Advance Bank of Asia (ABA) in Cambodia.

The solution targets online banking and e-commerce vulnerability and security needs.The Ezio Pocket Reader features two-factor authentication with One-Time-Passwords preventing the customer from typing their information on workstation computers.


The ABA will also be the first bank in the country to offer an EMV card-based authentication solution with the Ezio Pocket Reader. Customers will have to insert their EMV card into the Pocket Reader and generate a one-time-password to verify the cardholder.

Gemalto’s solution will provide AMA with Europay, MasterCard, Visa and EMV credit cards for internet banking. [end] 

Valley National Bank, a community bank with branches in Kansas and Colorado, is offering mobile payments to its customers and community with Bling Nation.

Customers with a checking account at Valley National Bank can sign up for a BlingTag, a quarter-sized microchip sticker that adheres to the back of their mobile phone to enable debit transactions directly from their account. Each time a purchase is made using a BlingTag, the consumer receives a transaction confirmation and account balance via text message.

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Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

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American National Bank and Guaranty Bond Bank in Mt. Pleasant, Texas are now offering tap and go mobile payment to their customers and the community through Bling Nation.

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PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.

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After an official security review of the best authentication servers on the market for businesses and banks, Cryptomathic is pleased to announce that its two-factor authentication technology supports all the mechanisms outlined in review and provides customers with optimal and secure online banking.

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The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

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