Gemalto, a specialist in digital security, has announces it is providing Barclays Bank plc, one of the largest financial services institutions in the world, with a tailor-made product supporting Barclays project to offer stronger authentication for online banking customers. The Gemalto solution includes the authentication devices and a full service encompassing manufacturing of the readers, fulfilment and distribution to the Barclays customer. In addition, Gemalto industrialized and produced a unique looking device, customized with the banks visual corporate identity. The contract calls for the delivery of over half a million units by the end of this year and includes options for additional deliveries into 2008.
Barclays strong authentication program is aimed at preventing online fraud related to remote banking and helps prevent the theft and use of online banking credentials. When the bank decided to implement this large-scale scheme, ease-of-use and convenience were determining factors. Barclays customers will be able to generate One-Time-Passwords with the reader, to authenticate themselves at log in and sign transactions undertaken, inserting their chip-enabled banking cards into the Gemalto device and typing in their card Personal Identification Number (PIN) code. Barclays customers can carry the devices with them wherever they go and perform these secure online transactions from any personal computer.
The device is compliant with the standard industry specifications - EMV, MasterCard and Visa Chip Authentication Program (CAP) 2007. It also meets the APACS (the UK payment association) requirements.

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