Gemalto to supply authentication solution for Barclays Bank customers.
Digital security company Gemalto (Euronext NL0000400653 GTO) has revealed it is supplying a customised product for Barclays Bank plc, a financial services institution, to provide stronger authentication for online banking customers.
Gemalto said its solution incorporates the authentication devices and a full service including design of the readers, fulfilment and distribution to Barclays bank customers. The company has produced a device customised with the bank's visual corporate identity for the contract, which covers delivery of 0.5m units by the end of 2007 and includes options for further deliveries next year.
According to Gemalto, the solution is intended to prevent online fraud related to remote banking and will help prevent the theft and use of online banking credentials. Customers of Barclays Bank will be able to use the reader to generate One-time-Passwords, authenticate themselves at the log in point, sign transactions, insert chip-enabled banking cards into the device and enter their card PIN code.
The device is compliant with industry specifications such as EMV, MasterCard and Visa Chip Authentication Program (CAP) 2007, meets with APACS requirements and can be used from any personal computer.
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|Publication:||Worldwide Computer Products News|
|Date:||Apr 19, 2007|
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