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Cost effective & highly secure
With the rapid growth of online fraud such as phishing and man-in-the-middle attacks, online banking becomes more hazardous. A majority of users feel concerned about the improper use of their bank account credentials on the internet. Lack of security has a negative impact on a bank’s business and its brand image. This creates a problem for banks: how to encourage people to prefer using online banking channel. Without trust, banks can’t offer new services or expand their existing services online. The next challenge is to find the right balance between security, ease of use and costs.
OTP technology is well known and widely used in the market today. Most common method is to use single button basic OTP tokens. While these basic OTP usage is not secure enough, transaction signing OTP solutions are hard to use for average users. Such OTP tokens usually has a key pad and the customer has to enter transaction data manually from the keypad of the device. Since user enters same transaction data into PC keyboard and device keypad, most users likely to make mistakes in one of the entries. In such cases, generated OTP is not valid, so the customer has to re-try again. That is why almost all such devices and use cases failed in the market. SecOPTIC makes transaction signing OTP generation usable for end clients. The solution uses optical sensors for data transfer between PC and the user device which is much more convenient and free of errors. KOBIL optical sensors and reading algorithm is proven in the market and used by millions of users today. Customers can use any foreign and even public PCs. There is no client software installation or configuration. Any PC with internet connectivity and with a monitor can be used with SecOPTIC. No life time limitation thanks to the removable battery which also protects the environment.
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