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

Swiss bank selects VASCO to supply e-banking authentication

Thursday, February 25, 2010

VASCO Data Security’s DIGIPASS 250 solution joined forces with VACMAN Controller to secure e-banking applications for Swiss retail bank, Landbouwkrediet/ Crédit Agricole.

The bank plays host to the Crelan-online.be application, which currently has 55,000 users. In preparing to install a two factor authentication security system, Landbouwkrediet/Crédit Agricole sought out a product that had both a high-level security and user friendliness.


In addition, the combination of the DIGIPASS product with the e-banking back-end infrastructure and the hardware security module (HSM) worked easily thanks to the HSM compliancy and the documentation of the VACMAN Controller API.

Now to access Crelan-online.be, the bank’s end-users must own a DIGIPASS authenticator. This will add an extra security layer by putting the customer through a series of steps, first entering their user identification, then a serial number of the DIGIPASS authenticator and finally a one-time password generated by DIGIPASS.

VASCO serves a customer base of almost 9,500 companies in more than 100 countries, including approximately 1,400 international financial institutions. [end] 

Banca Monte Paschi Belgio, the Belgian branch of this banking group, has opted to implement Oberthur Technologies’ end-to-end smart authentication product.

Certified by MasterCard, the solution includes smart display cards, an authentication server and an access control server that will secure e-commerce services and provide a unique and innovative payment solution to Banca Monte Paschi Belgio customers.

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Software security provider VASCO Data Security International says that the Federal Financial Institutions Examinations Council’s (FFIEC) 2011 supplement to the 2005 Internet Banking Environment Guidance doesn’t go far enough in Internet banking security requirements.

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Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

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German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

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ValidSoft partnered with Opus Research and released a report titled “Voice Biometrics Authentication Best Practices: Overcoming Obstacles to Adoption” that predicts the technology will be deployed in payment authentication assuming the best practices it lays out are followed.

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In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

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