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NW_20010921_en_Eastern European Wireless Communications, September 21, 2001_ “Banking on Security”

News Releases
September 21, 2001

Slovakia- Istrobanka a.s., has specified VASCO’ Digipass security technology to safeguard its customers’ remote access transactions made via the Internet and wireless devices.

Digipass security allows the bank to strictly control account access, with dynamic passwords and two-factor authentication used to identify customers, while a digital signature is used to verify authenticity of information and transactions.

Each customer requires a personalized Digipass unit in order to use the Istrobanka’s remote banking service. Operating in conjunction with ‘OfficeLine’, electronic banking software from A && L soft (a VASCO technology partner) Istrobanka customers will use the DP300 in conjunction with their mobile handset/telephones/PC dial-in modem or email, to conduct remote banking securely through the Internet via devices. The DP300 enables the bank’s computer to generate the correct password and digital signature for the user’s account.

According to Karel Krenzelok, A&&L soft, remote banking is becoming increasingly popular in the region. It has become somewhat ‘fashionable’ amongst upwardly mobile users and, furthermore, it is convenient, costing little more than traditional banking.

The arrival of GPRS services and an increase in WAP usage could propel this trend further, though at this stage it is too early to say what impact new mobile data mediums will have on the number of customers using remote banking services.

Only the customer’s individually-programmed ‘Digipass’, interfacing with the bank’s computer, can generate the correct password and digital signature for that account to provide an extremely high level of security, states VASCO.

“While Digipass provides highly effective security, it does so in a way that is affordable and very easy to implement and use. Based on our success with Istrobanka, we are now introducing Digipass to our other bank and corporate network customers throughout Slovakia,” concluded Krenzelok.