Crédit Agricole Consumer Finance and Oberthur Technologies (OT) have inked a deal to enable PIN codes to be securely delivered via SMS. CA Consumer Finance, which notably operates in France under the Sofinco brand, is the first credit institution to offer its partners and their customers a card which can be activated in just a few minutes in complete safety.
Cardholders equipped with the OT solution will obtain their code almost instantly. It will allow them to use their card as soon as they receive it. This offers a practical response to the needs expressed by partners of CA Consumer Finance and its customers, in search of mobility, flexibility and security.
OT’s SMART PIN solution, which has been in use since 2009, secures the sending of codes via SMS. It is popular both for its speed of use and its reliability. Adoption of this solution to activate cards reduces fraud by eliminating correspondence by post, and features double encryption of the PIN, which is stored and delivered in a secure way, ensuring better traceability of the code’s transmission and faster access to credit.
Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields.
Crédit Agricole Consumer Finance, the result of the merger between Sofinco and Finaref on 1 April 2010, is a major player in the consumer finance market with a managed loan book of €69 billion at end-December 2014 and operations in 21 countries.
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