Vasco and Monext team on authentication

Source: Vasco

Vasco, a world leader in strong authentication solutions has joined with Monext, a pure player in electronic payments, to offer their clients an effective, cutting-edge solution for authentication problems faced by financial institutions, businesses and public services.

The OSS Solution (Optimized Security Solution) offered by Monext, is based on VASCO's IDENTIKEY(R)core technology which enables each client to customise their own systems. Thus, OSS facilitates the management of all currently-available authentication methods including matrix cards, PKI certificates, mobile authentication, as well as the various password generators (mobile telephone SMS, EMV card readers and DIGIPASS(R) authenticators). This recent solution is a major asset for OSS.

The ability of this solution to manage a diversity of authentication channels (voice, SVI, internet) is another benefit which accommodates all requirements and provides 24/7 assistance to all users.

The solution developed by Monext, in association with VASCO, provides a completely-integrated package: supply of media, authentication server operation in a highly-secure environment supported by a Monext call centre.

For banking and financial institutions, OSS reinforces the 3D-Secure payment security system by efficiently responding to the authentication requirements specified by the Banque de France. The first pilot program will be conducted in early 2010 and commercial deployment will follow in the middle of next year.

Philippe David, Manager of the Monext Banking and Payment Solutions Division stated: "Monext is an expert in secure payment transactions and is delighted to sign this strategic partnership deal with the uncontested authentication leader in order to provide its clients with an integrated, strong, multi-channel authentication solution."

"VASCO is delighted to sign a partnership deal with Monext, one of the key players in the French electronic banking service sector. We are confident that this partnership will lead to many profitable projects in the future and will encourage the adoption of strong, two-factor authentication by the French market", stated Jan Valcke, President and CEO of Vasco Data Security.

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