Vasco Data Security, a software security company specializing in authentication products for banks, will showcase its Digipass mobile authentication solution at MEFTEC (Bahrain International Exhibition Centre, during April, 20 and 21).
Vasco Digipass for mobile leverages internet enabled mobile phones for authentication purposes and can be used for two factor authentication and digital signature. It offers a solution to banks who want to secure multiple customer facing channels including e-banking, m-banking, phone banking using IVR and cash retrieval at the ATM.
Digipass for Mobile can be used to protect both the e-banking and m-banking channels using a one-time password (OTP) to access the banking application and e-signature to sign online transactions.
Furthermore, the use of Digipass for mobile can be extended to phone banking. Most phone applications use Interactive Voice Response (IVR) which allows the customer to access their bank via a touchtone telephone or voice recognition. Digipass for mobile can also easily be integrated in an IVR system: when calling the bank the IVR system would immediately recognize the customer who would be prompted for a user ID and OTP to further access the banking system.
The use of Digipass for mobile can secure cash retrieval at the ATM. Digipass for mobile authentication can be added without having to change the existing ATM network, PIN validation will simply be replaced by OTP validation. The bank customer will activate the authentication application on his phone using a PIN-code. On PIN-insertion an OTP will be generated which the banking customer will type on the ATM keyboard.
Digipass for mobile uses Vasco Vacman authentication technology and supports more than 400 types of mobile phones and operates on Java phones, Blackberry, iPhone and Windows mobile and platforms such as NTT Docomo.
Jan Valcke, president and COO at Vasco Data Security, said: “Since the mobile phone is always in our pocket it can be used for user authentication at the ATM or to access e- and m-banking applications anywhere and any time.”