10 December 2016
Visit aciworldwide.com

Postbank secures iPhone banking with VeriSign

30 October 2009  |  10150 views  |  0 iphone apps on screen

Germany's Postbank has moved to boost security for customers who bank online using their iPhones by introducing VeriSign EV SSL certificates.

VeriSign's Extended Validation Secure Sockets Layer certificates cause the URL address bar in a Web browser to turn green when a site is deemed authentic.

Postbank has been using the technology for online customers since 2007 and has now added to its iPhone offering meaning that when users reach the authentic iBanking site, their Safari browser's address bar turns green, signalling they can conduct their transactions knowing that all data transmitted to the site will be encrypted.

Michael Heinen, business unit manager, direct banking, Postbank, says: "With the launch of the VeriSign EV SSL Certificates for iBanking on the iPhone, we're taking a huge step forward in our efforts to build trust and reassurance for this fast-growing segment of our customer base."

Security concerns have been cited as a stumbling block to wider uptake of mobile banking among consumers. A recent report on mobile banking trends by the Federal Reserve bank of Boston suggested that financial institutions can alleviate some of the concerns by implementing tools and technologies like multi‐factor
authentication and pin passwords on the cell phone, anti‐virus software on the mobile device, and the issuance of prompt alerts for suspicious activity.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Twitter founder Dorsey working on iPhone credit card reader

Twitter founder Dorsey working on iPhone credit card reader

19 October 2009  |  13520 views  |  6 comments
Starbucks serves up caffeine on the iPhone

Starbucks serves up caffeine on the iPhone

24 September 2009  |  11022 views  |  0 comments
MoBank launches

MoBank launches

06 July 2009  |  12607 views  |  1 comments
VeriSign ships OTP generator iPhone app

VeriSign ships OTP generator iPhone app

01 April 2009  |  14191 views  |  2 comments
Postbank deploys Asset Control data management software

Postbank deploys Asset Control data management software

30 September 2008  |  5129 views  |  0 comments
HSBC beefs up Web banking security with VeriSign

HSBC beefs up Web banking security with VeriSign

23 April 2008  |  9638 views  |  0 comments
One-time password generator squeezed onto bank card

One-time password generator squeezed onto bank card

01 May 2007  |  13501 views  |  0 comments
Deutsche Postbank introduces anti-phishing system

Deutsche Postbank introduces anti-phishing system

10 August 2005  |  6230 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8746 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8326 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8074 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7291 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6919 views comments | 20 tweets | 24 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job