XIRING, the European security solutions provider for remote
transactions, and SmartSoft are combining their expertise to provide an
integrated online security solution for the banking and financial
services industry in Turkey.
XIRING and SmartSoft are providing Turkish banks with the latest
technology for identifying customers in non face-to-face situations, for
example on the Internet or on the telephone. By ensuring that online
transactions are protected against Card-Not-Present fraud such as
phishing, banks allow their customers more frequent access and hence
greater control of their finances.
This win-win partnership has been driven by the growing demand for
secure Internet banking services. According to Forrester Research, the
number of e-banking users in Europe is set to rise from 75 million users
in 2005 to 130 million users in 2007. Turkey has over 30 million EMV
payment cards, which means they incorporate the security features to
enable strong authentication for accessing banking services remotely.
SmartSoft CEO Murat GÃÂüzel said: “We believe that CAP based security
solutions will explode in Turkey in 2007. We intend to partner with
European companies like XIRING to target domestic and international
markets. At this point we took a strategic decision to partner with
XIRING in the Turkish market. This co-operation will bring both
companies a high added-value as our solutions and customer portfolio
complement each other. SmartSoft has very good coverage of the Turkish
market, and combining our CAP-related software with XIRING’s solutions
and expertise will provide us with a cutting-edge product in the market”.
Nigel Reavley, Director of Sales and Marketing for Banking at XIRING,
comments: “The SmartSoft system integrates seamlessly with XIRING’s
Xi-Sign readers, providing banks with a proven technology to safeguard
customers against increasingly prevalent online fraud. Banks are assured
of the security of their online services with the deployment of a secure
solution that enables strong cardholder authentication.”
About SmartSoft :
SmartSoft is a pioneer in the smart card sector in Turkey, Middle East
and Europe with end-to-end, innovative and first implementations of EMV
solutions, government and transportation projects. SmartSoft have
implemented the very first MasterCard CAP and VISA DPA standards in
Turkey and have been helping various banks in securing their e-Banking
systems for years. For more details : www.smartsoft-it.com
About XIRING:
XIRING provides security solutions for remote transactions. The company
develops security software embedded in smart card readers for strong
authentication and digital signature, addressing two main markets:
banking and healthcare. Created in 1998, the company posted âì 12.8
million in revenues in 2006. XIRING has been listed on
Alternext/Euronext PARIS since Sept.18th, 2006.
