21 August 2017
Find out more

Hungary's K&H Bank orders Oberthur chip cards for home banking pilot

03 August 2001  |  3937 views  |  0 Hungary's K&H Bank orders Oberthur chip cards for home banking pilot

Paris-based Oberthur Card Systems has won a contract to supply smart cards, software and readers for the pilot phase of K&H Bank's Internet home banking application in Hungary.

Under the agreement, Oberthur is to provide 5000 AuthentIC smart cards and ActivCard readers for use within the K&H Bank network as part of a fully operational pilot programme which began in December 2000.

The order for the pilot phase was placed by Cardnet, one of the contractors for the project, on behalf of K&H Bank and partner telecom's firm Matav.

The smart cards generate digital signatures, which authenticate the user, creating a secure and controlled environment for home banking.

Róbert Nemcsics, managing director for K&H Bank, says: "With the development of our Internet banking site, the first of its kind in Hungary, security is a major issue for customers. Teaming with Oberthur will bring customers an exceptionally secure online banking service using the AuthentIC smart card."

AuthentIC has been designed to bring together cryptographic technology in an open environment. During personalisation, the secret keys and certificates are loaded onto the card; these security elements can then be used for identification, authentication, non-repudiation and confidentiality using cryptographic algorithms for digital signature computation, encryption and verification. This enables the card issuer to develop customised digital signature applications.

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

European online banking set to boom

European online banking set to boom

03 August 2001  |  3996 views  |  0 comments
PKI will flounder without support of banks, says Meridien

PKI will flounder without support of banks, says Meridien

24 July 2001  |  2954 views  |  0 comments
Nacha pilot secures ATM card payments on the Internet

Nacha pilot secures ATM card payments on the Internet

23 July 2001  |  4141 views  |  0 comments
Oberthur establishes smart card consultancy

Oberthur establishes smart card consultancy

19 July 2001  |  2974 views  |  0 comments
More Europeans manage their finances online

More Europeans manage their finances online

04 July 2001  |  3863 views  |  0 comments
No future for pure play Internet banks says Meridien

No future for pure play Internet banks says Meridien

21 June 2001  |  3630 views  |  0 comments
Online consumers favour financial institution-hosted e-wallets

Online consumers favour financial institution-hosted e-wallets

06 June 2001  |  3309 views  |  0 comments
UK financial institutions ahead for online customer service

UK financial institutions ahead for online customer service

05 June 2001  |  2997 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10428 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8693 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8541 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8381 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7823 views comments | 16 tweets | 16 linkedin