19 August 2017
Find out more

SpareBank 1 orders 275,000 more Todos smart card readers

06 July 2005  |  1638 views  |  0 Source: Todos Data System

Todos Data System AB (Todos) has received a new order for an additional 275 000 smart card readers from the Norwegian bank alliance SpareBank 1 Gruppen AS (consisting of 19 banks).

Todos made the first delivery of its remote authentication solution Todos eCode for 150 000 of SpareBank 1's private bank customers in September 2004. With the new order, a total of 425 000 of SpareBank 1's customers will be a holder of a Todos eCode Reader.

The security solution Todos eCode includes a security application for smart cards (Todos eCode Security Application), portable smart card readers (Todos eCode Reader), and a verification server (Todos eCode Central System). The customers generate One Time Passwords (OTP) with their bank cards (where the security application has been loaded at personalization) and the Todos eCode Reader. The One Time Password together with a static password achieves a two-factor authentication towards the customer’s private certificate, stored in a central BankID server.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8797 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7743 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7033 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6385 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6241 views comments | 11 tweets | 9 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job