Kreditkort Iceland and StepNexus Enable MULTOS Cardholders to Download Two Factor Authentication Application for Secure Home Banking.StepNexus Services is Supplying Two Factor MasterCard Chip Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. Programme (CAP) Applications to Protect Kreditkort Iceland Customers in Europe's First Commercial Post-Issuance Service REYKJAVIK, Iceland -- Kreditkort Iceland, the provider of MasterCard Debit and Credit services to Icelandic banks, announced today the commencement of Europe's first commercial post-issuance provision of enhanced security. With more than 70,000 cards already in circulation, this will enable MasterCard cardholders the ability to easily upgrade their existing EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet card with two-factor Chip Authentication Programme (CAP), which provides PIN-based verification of cardholders conducting online transactions through the use of a card reader. This announcement brings re-assurance to the banking industry where the current rate of home internet users doing online banking remains at 50 percent, with security the main concern of users according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the British Computer Society Established in 1957, The British Computer Society (BCS) is a body that represents those working in Information and Communications Technology ICT. It is the largest United Kingdom-based professional body for computing. 1. This new service will enable additional protection without having to issue a new card. By utilising the online application generation service of StepNexus, Icelandic MasterCard cardholders are able to drop-in to the bank branch, have their card loaded with CAP, pick-up a two-factor card reader and receive a brief lesson in using the card and reader for eBanking, all within five minutes. A phased offering from Kreditkort will see cardholders immediately offered a drop-in service followed up in 2007 with the ability to upgrade cards at ATMs. The solution is a combination of three core competences Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. in the smart card market:
(i) Kreditkort Iceland's existing expertise in issuing
multi-application smart cards with Chip & PIN (EMV)
functionality and retail loyalty based on MULTOS, and their
ability to deliver new content to cardholders.
(ii) The Secure Trusted Environment Provisioning or "STEP" secure
package technology provided by StepNexus and implemented on
MULTOS, to allow smart card applications such as CAP (Chip
Authentication Programme) to be pre-personalised with
cardholder personal data, assembled into a STEP secure package,
and sent in a single message to a target cardholder's card via
any network, including the internet and ATM for local download.
(iii) A new web-enabled smart card data preparation service operated
by StepNexus that enables StepNexus Services Partners such as
Kreditkort Iceland to supply encrypted cardholder data files to
StepNexus Services over the web, for packaging of cardholder's
chip application code and data into a secure package that can
be downloaded post-issuance.
Ragnar Eunundarson, Managing Director, Kreditkort Iceland stated: "Kreditkort has once again demonstrated its leadership in the card payments market. Benefiting from our card platform choice of MULTOS MULTOS Multimedia Office Server and working with StepNexus, we are now providing a superior experience to our customers, offering on-demand services to complement our re-issuance rollout of improved eBanking services. There is no better way of protecting the customer. We expect to see this on-demand offer being taken up by both the technically literate cardholders but also by the cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold who will appreciate the offer of some education about
eBanking.""MasterCard Chip Authentication Programme (CAP) for two factor authentication is being widely adopted by our members. The possibility to dynamically add CAP to existing cards in the field opens up the possibility for our members to enhance their chip value proposition in a number of ways not considered until now," said Toni Merschen, Group Head, Chip MasterCard Worldwide. John Wood, 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. of StepNexus commented, "Kreditkort Iceland's post-issuance project employing STEP on MULTOS is a strong proof point of the advantages of STEP technology for device provisioning, and validates our strategy of diversifying the services StepNexus offers its partners to include chip data preparation. This is an exciting opportunity for our partners and the industry." About Kreditkort hf Iceland: Kreditkort hf. was founded in 1980 and is a leader in payment solutions in Iceland. Kreditkort is the Principal Member of MasterCard in Iceland, issuing MasterCard credit cards, multi-currency B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business cards and supports Icelandic banks issuing MasterCard credit cards and Maestro debit cards. Kreditkort hf. is also known for innovative solutions when it comes to servicing merchants that accept MasterCard, Maestro, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , JCB JCB Noun trademark, Brit a large machine used in building, that has a shovel on the front and a digger arm on the back [initials of Joseph Cyril Bamford, its manufacturer] JCB® n abbr and Diners Club Diners Club International, originally founded as Diners Club, is a credit card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Casey R. Taylor. When it first emerged, it became the first independent credit card company in the world. cards. About StepNexus: StepNexus enables a new era of secure services by providing pioneering technology solutions for securing devices and distributing protected content. StepNexus governs the STEP[TM] (Secure Trusted Environment Provisioning) standard methods for secure device issuance and control, secure package content loading and distribution, and application privacy management. StepNexus offers services and products associated with STEP and STEP-enabled platforms. StepNexus ensures that devices meet specific security and interoperability requirements necessary to receive STEP security validations. StepNexus has more than 100 issuance partners and has enabled more than 65 million STEP-secured devices among governments, financial institutions, mobile carriers, and enterprise IT organizations, including the Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. National ID, Saudi Residential ID, Turkish Military ID, and Kaohsiung City Government Transit Project. StepNexus works with partners that implement device operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and applications meeting STEP specifications, including Nectar.NET implementers, the industry-backed MULTOS Consortium, and other STEP-enabled solution providers. For more information visit www.stepnexus.com or http://services.stepnexus.com About MULTOS[TM]: MULTOS is the world's leading open standard multi-application Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. for smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , whose development is overseen and provided by a consortium of 16 smartcard and silicon manufacturers, payment schemes, card management system providers, and integrators. A range of applications including payment, authentication, digital identity, biometrics, loyalty, and contactless ticketing may securely co-reside on a MULTOS powered chip. MULTOS cards utilize the STEP[TM] ("Secure Trusted Environment Provisioning") standard for secure device issuance, in-field update, and third-party privacy assurance. More than 65 million MULTOS smart cards have been issued in over 30 countries in projects providing banking, national identity, ePassport, campus security, secure ID and transit. For more information, visit www.multos.com 1 British Computer Society research August 2006 |
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