Strong Authentication for Electronic Banking Services
Protect Electronic Banking Services with Convenient, Flexible and Standards-based Security
Online Electronic banking offers customers a convenient way to conduct transactions and helps banks reduce transaction costs. However concerns about identity theft, cyber crime and online attacks are slowing the widespread adoption and the introduction of new online services. In response, financial institutions are introducing strong authentication solutions to protect their customers and to help ensure the success of their online business.
Ezio is a strong authentication solution that protect personal identity information and guard against phishing, pharming and other methods of online identity theft. It enables financial institutions and online businesses to deploy the most appropriate authentication systems in terms of security & convenience to millions of their customers and corporate clients. This solution can be used to digitally sign transactions for e-commerce and electronic funds transfer purposes.
Benefits include:
- Enhanced consumer confidence and brand image reinforcement
- Lower transaction costs due to increased use of online banking services
- Compliance with strong authentication mandates for online banking (such as the FFIEC in the U.S)
- Smooth implementation with system-level solution that includes end-user devices, client software, authentication server and comprehensive service offering
- Component interoperability through support for industry-standards
Ezio provides flexible security with unconnected One-time Password (OTP)
technology and supports industry authentication standards such as MasterCard
CAP (Chip Authentication Program) and OATH, a standard developed by the
Initiative for Open Authentication. Because they operate independently from
the user’s PC and do not require network connectivity, Ezio solutions can be
quickly and easily deployed to the entire customer base. They also can be
extended to provide strong authentication for other sensitive electronic banking
channels such as telephone banking.
For higher security needs, e.g. for corporate electronic banking offers, Ezio can also deliver an advanced level of online security with a family of connectable OTP and PKI (Public Key Infrastructure) authentication solutions. It both provides an enhanced usability and answers PKI-specific security needs such as legally binding online transactions. It also includes a mutual authentication solution for online businesses that does not require any software to be installed on the consumer’s PC.”
