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Swedbank places order for 200,000 ActivCard security tokens

07 December 2001  |  3209 views  |  0 Swedbank places order for 200,000 ActivCard security tokens

Swedbank has contracted with IT security company Protect Data for the delivery of 200,000 ActivCard digital authentication tokens, with the option to buy a further 100,000 units.

Bank customers use ActivCard's tokens and keypad to create a secure password for digital authentication purposes when transacting with the bank online.

Under the agreement, Protect Data will initiate and prepare the tokens and will also handle their storage and distribution to local bank branches.

Hakan Nyberg, manager of Swedbank's Internet bank, says: "The fact that the association rate to Swedbank over Internet continues to be high, 5000 - 8000 new customers a week, shows among other things that this is a service that gives our customers a feeling of security. Therefore it is natural that we continue our partnership with Protect Data, a company that supplies our customers with a secure solution for banking service over the Internet."

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