Press Release Summary:
Combining e-signature functionality with EMV-CAP compliance, multi-functional DIGIPASS 830a complies with French market two-factor authentication standards and UK APACS standard. Users insert standard EMV chip card into device and type PIN. After PIN-entry, DIGIPASS 830a generates One-Time Password which user will type into web browser for authentication on online banking application. Through verification of OTP or e-signature, identity is confirmed and access is granted.
Original Press Release:
VASCO Data Security Enhances DIGIPASS 830 with an Alfa-Numeric Screen
Oakbrook Terrace, Illinois, Zurich, Switzerland, November 9, 2009 - VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com ), a leading software security company specializing in authentication products announces at Cartes that with DIGIPASS 830a it has enhanced its multi-functional smart card reader with an alfa-numeric screen. DIGIPASS 830a combines e-signature functionality with EMV-CAP compliance. It has been enhanced to further comply with the French market emerging two-factor authentication standards and the UK APACS standard.
Alfa-numeric screens offer additional opportunities for e-signature. Hackers using social engineering techniques take advantage from the fact that end users not always know which information they type in. Thanks to the use of alpha-numeric screens, card readers can display more details about the transaction. As a result the end user involvement increases, he is provided with more detail about the transaction, which provides him with a greater control over the transaction.
The success of DIGIPASS 830a lies in its simple and straightforward use: users insert their standard EMV chip card into the device and type their PIN. After PIN-entry the DIGIPASS 830a will generate a One-Time Password (OTP) which the user will type into the web browser to authenticate himself on the online banking application. Through verification of the OTP or e-signature, the cardholder's identity is confirmed and access will be granted to the e-banking application.
DIGIPASS 830a can also be used for payments: it can seamlessly be integrated into a 3D-Secure architecture. The card holder will enter key transaction data onto DIGIPASS 830a before authorizing the payment.
With DIGIPASS 380a, banks not only benefit from leveraging existing investments in EMV infrastructure, they are able to roll out two-factor authentication to a large customer base in a cost-efficient way, considering the card reader only becomes personalized on the insertion of the smart card and PIN-entry.
DIGIPASS 830a is used in conjunction with VACMAN, VASCO's core back-end authentication technology.
"DIGIPASS 830 is our multi-functional smart card reader, it is extremely intuitive and easy-to-use. With DIGIPASS 830a, we have further enhanced it: not only complies it with emerging two-factor authentication standards in France and APACS in the UK, its alfa-numeric screen offers more user convenience and trust in online transactions to the end user," says Jan Valcke, President and COO at VASCO Data Security.
VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as global software company for Internet Security serving a customer base of over 9,000 companies in more than 100 countries, including almost 1,350 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.
Reference is made to the VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO "V" design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.