ActivCard Launch Keychain Token for Secure Remote Banking

Wednesday 3 November 2004 11:55 CET | News

ActivCard has unveiled a new ActivCard Token for retail banking customers, maximizing simplicity and secure online banking through a simple and durable design, making remote banking convenient and safe for retail banking customers.

The new ActivCard Token also lowers the economic barrier to entry for financial institutions looking to strengthen the security of their remote banking services. ActivCard makes it possible for banks to offer their retail customers an anti-fraud, anti-phishing device with a one-button interface that generates one-time passwords for secure remote access to personal financial accounts. This new token offering represents an extension of the companys token line and provides banks options to extend to customers with varying security needs. Banks are acknowledging the unacceptable risks posed by weak and insecure static password authentication (username-password). Therefore, a better solution is being sought for validating the identity of users before granting mobile network access, such as tokens. However, as IT budgets continue to be strained, deploying a solution can be cost prohibitive. This solution addresses both concerns by offering an affordable, easy to support solution that reduces the risks associated with online banking. Highlights * Patented Technology -- One time use passwords are generated on the token with a standards-based three variable algorithm. * Anytime, Anywhere -- Online banking can be conducted with ease using this very compact and very portable device. * Ease of Use -- By simply pressing a single button, a secure dynamic password is generated to confirm ones digital identity. * Highly Convenient -- This entry-level token provides a high level of security at a minimal cost. * User Friendly -- The device is water resistant and compact in size for portability.

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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech