Ezio Pocket Reader is compliant with the latest industry standards such as MasterCard Chip Authentication Program and Visa Dynamic Passcode Authentication.
Gemalto has also agreed to provide ABA with EMV (Europay, MasterCard, Visa) credit cards. ABA customers can use the EMV credit cards to securely access their online banking services.
To access online banking services, customers need to simply insert their EMV card into the Ezio Pocket Reader. Subsequently, a one-time-password, which is different every time, will be generated to authenticate the cardholder. Gemalto claimed that this combination of ‘something you have’ (the card) and ‘something you know’ (the one-time PIN) provides security compared to simple username and password only schemes.
Temirov Galymzhan, chief technology officer of ABA, said: “It is imperative to ensure that a high level of security is maintained for consumers to feel confident and comfortable when using online banking services. We constantly strive to enhance the customers’ banking experience, providing greater convenience with the introduction of new services or technologies. We are delighted to leverage Gemalto’s expertise in digital security as we roll-out our internet banking offering.”
Tan Teck Lee, president of Gemalto Asia, said: “This contract with Advanced Bank of Asia further illustrates Gemalto’s consumer-oriented approach. By creating a more secure environment for online banking, Gemalto will enable the bank to develop their offering and make more and more services available to their customers.”
