Tech companies release PKI-based chip card banking system

Tech companies release PKI-based chip card banking system

Oasis Technology, G&D Security Card Systems (G&D SCS), and CIT, a division of Silverline Technologies are to release a smart card-based Internet banking solution powered by Public Key Infrastructure (PKI) security.

Dubbed iBanking, the system is designed to provide financial service and investment customers with a full range of secure retail, corporate and investment banking services.

The solution, which was recently previewed at Oasis' 3rd annual partner and client user conference in Toronto, combines Oasis' epayment technology, CIT's PKI-based security architecture and G&D's smart card infrastructure.

Designed as a complete multi-channel delivery platform, iBanking uses smart card authentication to verify the identity of customers and financial institutions engaging in online transactions.

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