30 April 2017
visit nextgenbanking.co.uk

Enisa calls for national ID cards to be extended to e-banking

26 November 2009  |  14625 views  |  0 keyboard

European security agency Enisa is calling on banks and governments to work together to extend the application of national electronic identity cards as tokens for online banking authentication and remote account opening.

In a position paper, Enisa says that as more Internet applications require the entry of user credentials it makes sense to move to a harmonised standard.

With several European states having introduced, or about to introduce, eID cards containing smart card chips, Enisa says it should be technically feasible to use these for universal online authentication.

In particular, the use of eID cards could help banks offer online account opening to customers, which is currently difficult to do. Enisa says that banks which do most of their business online rely on an identification agent (such as post officials in Austria, Germany and Switzerland) to do the initial identification at registration. A national eID card would open opportunities to eliminate the agent from the process, enabling customers to open an account online.

However, one major stumbling block in the use of eID schemes for online banking is the issue of liability. Most banks still rely on credentials they themselves issue to authenticate customers rather than another institution or agency which would effectively own the risk. To overcome this problem governments and banks need to improve cooperation, says Enisa.

Udo Helmbrecht, executive director, Enisa, says: "Electronic identity cards offer secure, reliable electronic authentication to Internet services, but banks and governments must cooperate better to be able to use national eID cards for banking purposes."

Read the Enisa report here:» Download the document now 760.7 kb (PDF File)

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

UK online banking losses continue to climb

UK online banking losses continue to climb

07 October 2009  |  10436 views  |  1 comments
Which? criticises online banking security

Which? criticises online banking security

27 August 2009  |  10498 views  |  2 comments
Third of European Internet users bank online - comScore

Third of European Internet users bank online - comScore

16 April 2009  |  8896 views  |  0 comments
Irish e-banking take-up soars

Irish e-banking take-up soars

07 April 2009  |  7424 views  |  0 comments
UK ID cards may get chip and PIN

UK ID cards may get chip and PIN

07 April 2009  |  11029 views  |  1 comments
Tech giants team on Internet ID cards

Tech giants team on Internet ID cards

24 June 2008  |  8989 views  |  0 comments
ID card plan no solution to identity theft

ID card plan no solution to identity theft

11 November 2003  |  4946 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7923 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7083 views comments | 17 tweets | 16 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
6671 views comments | 25 tweets | 15 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6228 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5995 views comments | 20 tweets | 20 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job