17 October 2017
Register now

Xiring and SmartSoft team to deliver e-banking security technology in Turkey

11 May 2007  |  1991 views  |  0 Source: SmartSoft

Xiring, the European security solutions provider for remote transactions, and SmartSoft are combining their expertise to provide an integrated online security solution for the banking and financial services industry in Turkey.

XIRING and SmartSoft are providing Turkish banks with the latest technology for identifying customers in non face-to-face situations, for example on the Internet or on the telephone. By ensuring that online transactions are protected against Card-Not-Present fraud such as phishing, banks allow their customers more frequent access and hence greater control of their finances.

This win-win partnership has been driven by the growing demand for secure Internet banking services. According to Forrester Research, the number of e-banking users in Europe is set to rise from 75 million users in 2005 to 130 million users in 2007. Turkey has over 30 million EMV payment cards, which means they incorporate the security features to enable strong authentication for accessing banking services remotely.

SmartSoft CEO Murat Güzel said: "We believe that CAP based security solutions will explode in Turkey in 2007. We intend to partner with European companies like XIRING to target domestic and international markets. At this point we took a strategic decision to partner with XIRING in the Turkish market. This co-operation will bring both companies a high added-value as our solutions and customer portfolio complement each other. SmartSoft has very good coverage of the Turkish market, and combining our CAP-related software with XIRING's solutions and expertise will provide us with a cutting-edge product in the market".

Nigel Reavley, Director of Sales and Marketing for Banking at XIRING, comments: "The SmartSoft system integrates seamlessly with XIRING's Xi-Sign readers, providing banks with a proven technology to safeguard customers against increasingly prevalent online fraud. Banks are assured of the security of their online services with the deployment of a secure solution that enables strong cardholder authentication.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15041 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8280 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7733 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7119 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6295 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job