SCM Microsystems is demonstrating myEMV, a handheld authenticator designed for use with EMV smart bank cards and the MasterCard Chip Authentication Program (CAP).
The battery-operated smart card reading device, which the US-based firm is hawking at the Cebit computer fair in Hannover, features a display and keypad for entering PIN codes.
The device generates a One Time Password or Transaction Authentication Number for the authentication of online transactions such as e-commerce or e-banking. The authentication data is transferred across the network and validated by the issuer, providing a type of 'card-present' verification method for online transactions.
SCM says it will market the device to banks and their systems integrators in countries migrating to EMV.