Bank of New Zealand selects Entrust two factor authentication technology

Bank of New Zealand selects Entrust two factor authentication technology

The Bank of New Zealand (BNZ) is introducing two factor authentication technology from US-based vendor Entrus to provide its customers with secure access to its Web banking services.

BNZ has purchased Entrust's IdentityGuard product to provide a second factor of authentication to its personal online banking customers.

The IdentityGuard system uses random grids of alphanumerical characters that are in turn used to answer a challenge presented when accessing online transactions.

Customers can access the grids in multiple formats, for example on stand-alone wallet-sized plastic cards, in conjunction with existing cards or in downloadable files.

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