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Hypothekarbank Lenzburg signs with Giesecke & Devrient for PKI system

13 May 2003  |  3423 views  |  0 Hypothekarbank Lenzburg signs with Giesecke & Devrient for PKI system

Swiss bank Hypothekarbank Lenzburg (HBL) has contracted with Giesecke & Devrient (G&D) for the implementation of a public key infrastructure (PKI) to enable customers to log on to its Web banking service using smart cards.

The system utilises SafeSign software from G&D technology partner AEG and allows customers to log on to online accounts using a smart card and a single password, replacing the traditional PIN-based procedure.

HBL says it will issue mobile users with USB tokens that can be plugged into the USB port of a notebook to provide verification and access to Web banking services.

The technology also allows for the encryption and digital signing of e-mails, so all customers will receive statements by e-mail. All business correspondence between the bank and customers will also be exchanged electronically.

The PKI was already introduced internally in 2002 and HBL estimates that all existing e-banking customers will be able to migrate to the new system during 2003.

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