South Africa's Nedbank is using multi-factor authentication technology from Gemalto to provide its 80,000 Internet banking customers with secure access to online services.
European smart card vendor Gemalto says the bank is implementing its plug-and-play identification technology and rolling out tokens to provide customers with secure e-banking services.
The tokens have already been issued to Nedbank's corporate clients and deployment of tokens to all customers will be completed over the first half of 2007, says the vendor.
"Our primary goal was to provide our clients with convenient, world-class products to protect themselves from possible identity theft and fraud," says Adriaan du Plessis, divisional director of Nedbank transactional banking. "The Gemalto solution enables us to eliminate the vulnerabilities of passwords."
Xavier Chanay, president, CISMEA, Gemalto says the new contract "illustrates Gemalto's opportunity in digital security - making personal interactions secure and easy, particularly for online financial services".