MBanking provides capabilities, including bill payment and two-way actionable alerting features. It is supported by a multi-factor authentication and multi-level security mechanism including integration to Vasco’s Digipass transaction signature.

Digipass authentication and e-signature capability is embedded into Moadbus’ MBanking. Customers authenticate using their mobile phone as authentication device. Furthermore, MBanking also offers quad mode technology, encrypted SMS, downloadable application, browser and simple SMS within a single solution.

John Lie-Tjauw, COO of De Surinaamsche Bank, said: “Our mission is to offer a wide diversity of top-quality products through the services of enthusiastic and expert staff and vendor relationships. We do not settle for providing less than the highest quality of service, and with the extensive coverage and functionality available through MBanking and the added security of the Digipass transaction signature, partnering with MoadBus and Vascoto bring mobile banking to Suriname was the right choice for us.”

Kurian Abraham, president of MoadBus, said: “Adoption rate is a key component for any bank when considering a mobile banking solution. MBanking provides the broadest coverage and highest security available, without limiting the bank’s customers to specific mobile devices, communication modes or network providers. We are very proud that De Surinaamsche Bank has selected MBanking from MoadBus and has become the first to launch mobile banking in Suriname.”

Jan Valcke, president and COO of Vasco Data Security, said: “Banks have recognized the strength of the mobile platform to offer additional services. Thanks to MBanking, banks can substantially increase their financial services outreach by using a multi-channel approach. Vasco embraces this growing market trend by broadening the availability of its two-factor authentication technology for leading mobile solutions.”

Virginia-based MoadBus offers business solutions to financial institutions.

Vasco is a supplier of authentication and e-signature solutions and services specializing in internet security applications and transactions.