ActivCard and Aspace deliver authentication server for online banking

Source: ActivCard

ActivCard Corp. (Nasdaq: ACTI), a global provider of strong authentication and trusted digital identity solutions for secure remote access, single sign-on and enterprise access cards, today unveiled ActivCard Authentication Server delivering scalable and versatile authentication for secure online banking.

ActivCard Authentication Server is a result of collaboration between London-based ASPACE Solutions and ActivCard. ASPACE Solutions is a leader in Identification and Verification solutions for the financial industry. ASPACE Solution's flagship solution, 4TRESS(R), is a key component for the ActivCard Authentication Server. ActivCard, a long-time leader in trusted digital identity and strong authentication solutions, provides the authentication engine within the ActivCard Authentication Server. This collaboration delivers an ideal combination for banks.
"This offering addresses banks' authentication needs. With multiple forms of authentication from passwords to Public Key Infrastructure (PKI), banks need a comprehensive authentication solution," said Yves Audebert, Chief Strategy Officer and Vice Chairman ActivCard. "ASPACE Solutions has a great understanding of the banking environment and ActivCard Authentication Server leverages that expertise to deliver a comprehensive solution."
ActivCard Authentication Server is a rapidly deployable solution for banks looking to secure online banking. ActivCard realizes that banks have different customers with different authentication needs -- some customers only require password access to their banking information whereas others need stronger forms of authentication. ActivCard Authentication Server allows banks to support multiple forms of authentication including as static passwords, one-time password generating tokens, and EMV authentication with card readers, all through one integrated server.
"We're pleased to deliver this solution with ActivCard," said Steve Keohane, CEO, ASPACE Solutions. "This solution addresses the current problem of mitigating online fraud and provides an ideal migration path to a multi-channel comprehensive Identification and Verification solution such as 4TRESS."
With the increase in online fraud, like phishing, banks are looking for a cost effective and manageable ble authentication solution. Strong authentication is recognized as an effective deterrent against fraud. ActivCard has been deploying strong authentication solutions for remote banking services for over 8 years-with the largest deployment in Europe of over 1.5 million users. On Tuesday, November 2nd ActivCard announced that Credit Agricole, has implemented ActivCard security solutions to a growing number of employees and customers

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