Xiring, the security solutions provider for remote transactions, today announced a new contract with a major European bank to provide 400,000 Xi-Sign 4000 authentication solutions to secure online banking services.
Xi-Sign 4000 is a personal solution based on "Remote Card Authentication" technology, in the shape of a pocket card reader. By deploying a security solution to their online banking users, banks prevent the risk of fraud and become able to develop new value added services.
In accordance with XIRING's operational plan, this contract will be deployed in a European country which until now has not distributed this kind of technology to its e-banking customers. The bank will unveil its name and operational details at the beginning of the deployment.
"Following Scandinavia, Benelux, United Kingdom and Switzerland, Remote Card Authentication technology will be deployed in a new European country, as forecasted in our market vision. This is a great success for XIRING, confirming our capacity to win major contracts" comments Georges Liberman, Chairman and CEO, XIRING.