Nordic IT services company, EDB, in collaboration with the Norwegian technology company Encap, has launched a new system for secure log-in for internet banking using a mobile telephone.
The companies expect the new system to replace about three million security calculators currently used in Norway.
Wiljar Nesse of EDB, said: We have recognised that Norwegian banking customers need a secure but simple way to access their internet bank without having to rely on a security code calculator. We have now found a solution that will simplify their everyday use of internet banking.
Norwegian banks currently use the BankID system for logging in to their internet banks. Until now, banks have been able to offer their customers security calculators or scratch card codes. These work only with relevant security instrument during authentication.
EDB can now offer two-factor authentication based on using a mobile telephone handset. According to EDB, the authentication can be carried out from most models of mobile telephones sold in Norway over the last three years.
The system, developed by Encap, uses the mobile handset’s Java platform, and therefore operates regardless of which mobile operator the banking customer uses. Bank customers need to install the new system on their mobile phones to avail the facility.
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