Friday, 29 January 2010

Advanced Bank of Asia Deploys Gemalto's Strong Authentication Solution for e-Banking in Cambodia


via CAAI News Media

Press Release Source: Gemalto
Thursday January 28, 2010

AMSTERDAM & PHNOM PENH, Cambodia--(BUSINESS WIRE)--Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced it is supplying Advanced Bank of Asia (ABA) in Cambodia with its strong authentication solution, Ezio Pocket Reader, to secure their new Internet banking services. The company also provides the bank with EMV (Europay, MasterCard, Visa) credit cards. One of the leading banks in Cambodia, ABA is the first in the country to adopt an EMV card-based authentication solution. Ezio Pocket Reader is compliant with the latest industry standards - MasterCard CAP* and Visa DPA**.

ABA customers can use the EMV credit card to securely access their online banking services. To access online banking services, customers simply insert their EMV card into the Ezio Pocket Reader. Subsequently, a one-time-password, which is unique and different every time, will be generated to authenticate the cardholder. This combination of ‘something you have’ (the card) and ‘something you know’ (the one-time PIN) provides a high-level of security compared to simple username and password only schemes.

“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,” remarked Mr. Temirov Galymzhan, ABA Chief Technology Officer.

“This contract with Advanced Bank of Asia further illustrates Gemalto’s consumer-oriented approach,” added Mr Tan Teck Lee, President, Gemalto Asia. “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.”

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