Contopronto Secures Online Authentication Through Agreement with Norwegian Banking Association Member; BankID Assures Customers Secure Identification When Registering for Online Banking.Business Editors/High-Tech Writers OSLO, Norway--(BUSINESS WIRE)--Feb. 24, 2004 E-bank Contopronto has signed an agreement to use a new and secure authenticating software, BankID, developed by the Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Organization and Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. Association of Norway, Morten Hofstad, Contopronto CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. announced today. BankID is a PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of (Public Key Infrastructure) technology that makes it simple and safe to sign on for online transactions, said Grete Sorensen, a project manager for the Financial Services and Savings Bank organizations. The BankID brand is owned by the banking associations. BankID is a standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. and coordinated electronic identification system used by banks and bank customers in open electronic networks. "BankID solves the problem of secure identification for online banking and e-commerce transactions," Sorensen said. "It also provides digital signatures in a secure and simple manner in open electronic networks." Contopronto customers who use BankID can prove their identity in a matter of seconds, Hofstad said. "This is an important step in providing safe, secure and simple mobile e-money transactions," Hofstad said. Contopronto was recently awarded the first ever European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community E-money license, allowing for mobile payments and money transfers anywhere within the EU in an amount up to about 1250 Euros. With Contopronto anyone can use a mobile phone to send and receive money from anybody, or make payments at Pay Points in shops, kiosks, restaurants, service stations, on online stores, net auctions, and much more. Some Contopronto customers also receive their salaries on a mobile phone. Contopronto is in the process of setting up e-money companies in Europe, and issuing licenses for the technology outside of Europe. Norway was a very early adopter of online banking, and today nearly half of the country's 4.5 million people use Internet banking, Sorensen said. She said she expects BankID will ultimately allow for a wide variety of secure electronic transactions Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, specifically, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing from mobile phones and computers, including the payments of taxes, mortgages and other advanced banking services. For more information about Contopronto visit www.contopronto.com. |
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