Referred to as Sm@rt-TAN photo by DG VERLAG, VASCO's patented visual transaction signing solution CRONTO Technology is used in combination with the technology and standards in place in the German banking industry (Deutsche Kreditwirtschaft, DK). Together, the solution secures online banking for Volksbanken and Raiffeisenbanken customers.

The device enables banks to effectively defend against sophisticated hacking attacks by authenticating users and signing transactions. Banking customers use the Sm@rt-TAN photo device with CRONTO by inserting their chip cards and scanning the encrypted matrix of colored dots, similar to a bar code. The graphical cryptogram is instantly decoded to confirm transaction details, which ensures only customers can authorize online banking transactions on their accounts.

Banks can also feel secure knowing that the authentication process using CRONTO technology is PSD2 compliant for strong authentication - the data captured ensures the confidentiality, integrity and authenticity of every transaction and meets the regulation's requirements for strong authentication. The end-to-end protection of communication between users and the bank, as well as the visual validation feature, provides users with a quick and convenient way to check each transaction.

"Customer convenience is the most important factor for us as we want to make it as easy as possible for the cooperative banks to do business with us," said DG VERLAG Member of the Board, Franz-J. Köllner. "Thanks to the added ease of use and security of Sm@rt-TAN photo customer transactions can be executed quickly, conveniently and securely."

"When individuals join cooperative banks, they are placing their trust in that organization," said VASCO Chief Executive Officer, Scott Clements. "CRONTO technology helps customers get a return on that trust by providing security and an improved customer experience."