As part of its DIGIPASS e-signature portfolio, the new offering will help organizations to replace their stagnant or paper-based password systems with one-time passwords (OTPs) and e-signatures that are calculated with DIGIPASS algorithms.
Designed to offer robust safety against man-in-the-middle, phishing plots and similar fraud schemes, the tool can be tailored with an electronic EMV chip or magnetic strip encoding, which transforms the authentication device into a regular debit, credit or ATM card.
Supporting four different native time-based applications two OTP and two e-signature applications for enhanced security, DIGIPASS 280 enables banks to improve their brand image and gain customers’ trust and loyalty.
When a user wants to remotely log on to an application, website or network, DIGIPASS 280 displays an OTP each time and creates a strong password with a limited validity.
In order to generate an e-signature, the e-signature applications require data field validation from the user and it is suitable for regular low value transactions.
The company said that the second application can be used for higher risk transactions, which needs additional field validation such as an account number to strengthen security.
Fitted with a high contrast LCD, the authenticator tool is also equipped with a dedicated power button and a 12-button touch keypad providing an intuitive user experience.
