More than 30 million online banking customers in Germany currently utilize Personal Identification Number/TransAction Number (PIN/TAN) authentication as a secure method of managing their bank accounts over the Internet. For each online banking transaction, a unique TAN must be supplied by the user and entered on the computer keyboard. Previously, banking customers had to request a list of TAN numbers, keep the list in a safe place, and delete the TAN after each transaction. The Sm@rtTAN Card Reader makes this antiquated system obsolete by replacing the manual TAN list with a unique, single-use TAN generated by a smart card and displayed by the Sm@rtTAN reader. The user simply types the TAN onto the keyboard and conducts banking transactions as usual. In addition to online banking, the Sm@rtTAN Card Reader enables additional applications where secure authentication is required, including online brokerage transactions and banking by phone. The Sm@rtTAN Card Reader can also read cash balances on the German cash card, or GeldKarte, which is carried by about 60 million people in Germany. The pocket-sized card reader operates independently from a computer platform and needs no additional power supply. The Sm@rtTAN Card Reader operates with smart cards carrying an EMV (Europay, Mastercard, VISA) chip based on the SECCOS (Secure Chip Card Operating System) software platform. The SECCOS platform combines GeldKarte functions with Public Key Infrastructure (PKI) technology to enable a wide spectrum of secure applications, including international debit transactions, Internet cash download and online banking. SECCOS complies with the HBCI (Home Banking Computer Interface) standard.
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