12 December 2017
visit www.aciworldwide.com

Cryptomathic and CPS Technologies team on two-factor authentication

07 January 2008  |  1863 views  |  0 Source: Cryptomathic

ABnote French subsidiary, CPS Technologies, has partnered with e-security solutions provider, Cryptomathic, to offer its financial clients robust online two-factor authentication services, from token distribution to one-time-passwords (OTP) validation and integration solutions.

The technology, which is centred around the vendor neutral Cryptomathic Authenticator, will enable CPS Technologies' clients to protect their internet banking facilities against sophisticated online financial crimes by authenticating e-banking users by means of OTP. One of the main advantages of the solution is its flexibility with regard to authentication method, allowing banks to choose the most appropriate devices to issue to its customers. For example, SMS, mobile readers in combination with EMV payment cards or OTP tokens are all compatible with the system.

Olivier Cau, Security and Technical Director at CPS Technologies, comments: "French banks predominately use static passwords to authenticate online customers. However, to ensure internet transaction security and protect customers from the increasingly advanced fraudulent attacks being undertaken, CPS Technologies acknowledged that tougher measures were required. By partnering with Cryptomathic we are now able to provide the highest level of two-factor authentication banking security, yet offer clients flexibility in how this is implemented and used by their customers."

Peter Landrock, Executive Chairman and co-Founder of Cryptomathic, adds: "Cryptomathic is delighted to be working in partnership with CPS Technologies to deliver sophisticated two-factor authentication services to the French market. It is vital that customers feel safe when using online banking services and CPS Technologies' investment highlights its continued commitment to protecting e-bankers from financial online criminals."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit http://info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18649 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11570 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8085 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6858 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6217 views comments | 19 tweets | 10 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job