Gemalto, a world leader in digital security, has announces it is the
first company to achieve the MasterCardÃÂî and Visa Chip Authentication
Program (CAP) 2007 certification of its Pocket reader, designed to
secure authentication of cardholders for remote banking and e-commerce.
In addition, the Gemalto product is compliant with APACS (the UK payment
association) specifications. With this convenient device, banking
customers use their payment card and their Personal Identification
Number (PIN) code to securely access online services, just as easily as
they do at point-of-sale terminals. It has already been selected by
major banks across Europe and close to one million units will be shipped
this year. According to a Dec 2006 report by Frost & Sullivan, Gemalto
holds the world’s leading position in smart card reader solutions.
Pocket reader is extremely convenient as it is independent from the PC
configuration, giving users the freedom to perform online transactions
wherever they are, at home or in an Internet cafÃÂé. Having inserted their
banking card into the reader, users are prompted to enter their PIN
code. Then the device formats and displays a unique and non-reusable
numeric password computed by the card, allowing two-factor
authentication of its owner.
For financial institutions, this consumer-oriented solution is perfectly
adapted to large-scale deployments, as it is based on the payment card
and requires no software installation. It ensures the highest levels of
security for online transactions, as opposed to static password-based
schemes, which will increase consumers’ confidence in using e-banking
services and contribute to reducing online fraud.
Pocket reader is part of a complete end-to-end solution from Gemalto
including the authentication software implemented in the bank’s IT
system and fulfillment services. These range from customization of the
readers with the bank’s look and feel through to delivery to the end
user. This comprehensive offering ensures peace of mind to Gemalto’s
bank customers, allowing them to focus on their key activities.
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is a leader in digital security
with pro forma 2006 annual revenues of âì1.7 billion, operations in about
100 countries and over 10,000 employees including 1,500 R&D engineers.
In a world where the digital revolution is increasingly transforming our
lives, Gemalto’s solutions are designed to make personal digital
interactions more convenient, secure and enjoyable.
Gemalto provides end-to-end digital security solutions, from the
development of software applications through design and production of
secure personal devices such as smart cards, SIMs, e-passports, and
tokens to the management of deployment services for its customers.
More than a billion people worldwide use the company’s products and
services for telecommunications, financial services, e-government,
identity management, multimedia content, digital rights management, IT
security, mass transit and many other applications.
As the use of Gemalto’s software and secure devices increases with the
number of people interacting in the digital and wireless world, the
company is poised to thrive over the coming years.
Gemalto was formed in June 2006 by the combination of Axalto and Gemplus.
