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Security news and products; VeriSign new fraud protection.

VeriSign, Inc.and Innovative Card Technologies, Inc. have announced an agreement that will make it easier than ever for financial services providers and retailers to issue and accept payment cards embedded with one-time-password (OTP) authentication to protect their online transactions from e-fraud.

Now companies that fortify their online commerce applications with can leverage the ICT DisplayCard, a revolutionary new "smarter" payment card with built-in identity authentication. The ICT DisplayCard integrates the security of a one-time password token into a card the size of a standard credit or debit card. At the push of a button on the back of the card, an integrated display shows a password that changes with every transaction. During an online transaction, this number is entered into a user interface with other information (such as the user's static PIN and login name) for multifactor authentication.

By integrating the ICT DisplayCard with VIP, the two companies will add a convenient, portable and user-friendly new token form factor to the VeriSign's growing authentication network.
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Publication:Software World
Date:May 1, 2007
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