10 February 2016

Postbank secures iPhone banking with VeriSign

30 October 2009  |  9925 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)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

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

Related blogs

Create a blog about this story (membership required)

Related stories

19 October, 2009
24 September, 2009
06 July, 2009
01 April, 2009
30 September, 2008
23 April, 2008
01 May, 2007
10 August, 2005

Related company news

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
12087 views comments | 52 tweets | 45 linkedin
Digital transformation driving earnings at...
10835 views comments | 49 tweets | 45 linkedin
UK sets out open banking API framework
9708 views comments | 72 tweets | 69 linkedin
Visa opens up to developers
8874 views comments | 24 tweets | 41 linkedin
European mobile banking service Pocopay go...
7506 views comments | 24 tweets | 14 linkedin

Featured job

Paris (France) or Brussels (Belgium)

Find your next job