According to the company, its new device will allow online banking customers to verify transaction details in a fraction of a second, for secure access to banking services anyplace, anytime.
Based on the patent-pending Cronto Visual Transaction Signing technology, the transaction data is delivered to the device through the visual channel: a camera at the back of the device automatically captures the Cronto visual cryptogram image from the computer screen instantly decoding, decrypting and displaying transaction details for user verification.
CrontoSign also features a multi-line screen for convenient review of transaction details and transaction confirmation code.
The company also said that as online banking criminals are constantly inventing new fraud scenarios, and its new device is devised to adapt to these.
Security credentials are delivered via the visual channel, which will allow the bank to implement and adjust flexible security management policies.
Cronto CTO Elena Punskaya said CrontoSign simply provides a secure display for transaction details verification: the bank decides what data they want to display to the user to verify a specific transaction, their technology ensures it is instantly delivered to the end user securely and conveniently.
