First Data digital security subsidiary First aSuretee has joined forces with Hagenuk, a Netherlands-based vendor of chip card readers, to develop a solution for authenticating Internet-based ACH payment transactions.
Combining Hagenuk's smart card readers with aSuretee digital signature capabilities, the joint solution provides proof of user intent and protection against unauthorised transactions, say the firms.
Under the agreement, Hagenuk will deploy First Data's aSuretee authentication chip in its secure FinSafe smart card reader to offer terminal authentication and transaction signing for highly secure financial and e-commerce applications.
The aSuretee chip contains a public/private key pair and digital signature capabilities to replace handwritten signatures for binding transactions.