First EMV Card-Based Authentication Solution in the Country
AMSTERDAM & PHNOM PENH, Cambodia--(BUSINESS WIRE)--Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced it is supplying Advanced Bank of Asia (ABA) in Cambodia with its strong authentication solution, Ezio Pocket Reader, to secure their new Internet banking services. The company also provides the bank with EMV (Europay, MasterCard, Visa) credit cards. One of the leading banks in Cambodia, ABA is the first in the country to adopt an EMV card-based authentication solution. Ezio Pocket Reader is compliant with the latest industry standards - MasterCard CAP* and Visa DPA**.
ABA customers can use the EMV credit card to securely access their online banking services. To access online banking services, customers simply insert their EMV card into the Ezio Pocket Reader. Subsequently, a one-time-password, which is unique and different every time, will be generated to authenticate the cardholder. This combination of ‘something you have’ (the card) and ‘something you know’ (the one-time PIN) provides a high-level of security compared to simple username and password only schemes.
“It is imperative to ensure that a high level of security is maintained for consumers to feel confident and comfortable when using online banking services. We constantly strive to enhance the customers’ banking experience, providing greater convenience with the introduction of new services or technologies. We are delighted to leverage Gemalto’s expertise in digital security as we roll-out our internet banking offering,” remarked Mr. Temirov Galymzhan, ABA Chief Technology Officer.
“This contract with Advanced Bank of Asia further illustrates Gemalto’s consumer-oriented approach,” added Mr Tan Teck Lee, President, Gemalto Asia. “By creating a more secure environment for online banking, Gemalto will enable the bank to develop their offering and make more and more services available to their customers.”
For more information: http://www.gemalto.com/products/ezio_pocket_and_classic_reader/
CAP*: Chip Authentication Program
DPA**: Dynamic Passcode Authentication
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2008 annual revenues of €1.68 billion, and 10,000 employees operating out of 75 offices, research and service centers in 40 countries.
Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.
Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.
As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
For more information please visit www.gemalto.com.
