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19 of August, 2005
XIRING and TranSend International Join Forces to Provide
Enhanced Authentication Package to Banks
By teaming up, the two leaders of smart card middleware
and authentication readers aim to stimulate banks in deploying secure
online services, so "Turning Problems into Profits"®
MESA, AZ USA – Business Wire – August 19, 2005 – XIRING
a leading authentication, electronic signature and secure transaction
solutions specialist, and TranSend International Inc., the leading developer
of secure middleware, data management and personal identity protection
technology for issuers of smart cards, announce that they have signed
an agreement to provide a complete suite to the Banking market. This
suite contains product and software to stimulate banks wishing to deploy
secure on-line services with value added features.
Many banks are now working on securing on-line services to lower fraud,
such as phishing, using systems based on the MasterCard Chip Authentication
Program (CAP). European banks, which are rolling out EMV compliant smart
cards, are leveraging these smart cards to provide a secure authentication
tool to their customers. Unconnected readers are expected to be deployed
in significant volumes in the near future to provide generic authentication.
However, further value added services can be added to the authentication
deployment and read with a connected reader. These services have proven
to increase online usage and profitability by 400%. The partnership between
TranSend and XIRING brings to the market a package of connected reader
& software for the end user.
"Some of our customers are asking for a connected reader because
they want to deploy specific on-line services that need to have a direct
communication between the distant server and the card through the Internet,"
explains Nigel Reavley, Director of Banking Business Unit in XIRING.
"On-line payment, compliant with 3D-Secure, will be more convenient
with a connected reader. Personal Information Management is hence a further
service that banks can provide to their customers," adds Nigel.
The smart card is, from the beginning, a secure place to store personal
and private information. Usually, the banking smart card stores the cardholder
data and transaction logs, and banks provide to their customer key ring-size
readers to display this information. The customers, who use on-line services
frequently, can benefit from a connected reader with new features such
as secure on-line payment, automatic form filling, and direct secure
access to their on-line banking website.
Dan Wright, TranSend President explains, "For several years, PocketServer™
has provided a friendly user interface to help the end-user managing
personal information with a computer. Our software was seen as a convenient
web interface. We decided to go further by developing a new version,
PocketServer Plus™, adding strong two-factor authentication service
compliant with MasterCard's OneSmart specifications (CAP compliant).
Working with XIRING enables us to propose a complete package to our customers,
including the user interface and the secure reader".
"We think that we have a top-level package, by bundling the PocketServer™
user interface with our Xi-Sign 6000, which is a CAP compliant, USB reader,"
adds Nigel.
XIRING's partnership with TranSend 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.
About TranSend International, Inc.
TranSend International, Inc., is a world wide leader in "Turning
Problems into Profits"® for financial institutions. Its PocketServer™
and PocketServer Plus™ software applications are used to protect
their customers against identity theft, phishing, and other forms of
web based fraud. TranSend's CardTouch™ is a stored value clearinghouse
platform.
PocketServer™ and PocketServer Plus™, with a growing base
of over 4 million users, provide a convenient and secure online experience
coupled with Two-Factor Authentication. Financial institutions have reported
a nearly 400% increase in profitability through additional web-based
purchases and a 50% improvement in customer retention (Card Technology
Magazine, 2/15/05). PocketServer™ is endorsed by the three leading
card associations and is delivered on both EMV (Europay, MasterCard,
Visa) smart cards and smart USB devices.
PortableME™ is the brand name under which TranSend sells PocketServer™
to the ISP (Internet Service Provider) and consumer markets.
CardTouch™ was developed in conjunction with 5 major financial
institutions and certified by a Big Four Accounting Firm. For over 12
years CardTouch™ has been used for clearing and settling stored
value transactions by financial institutions, universities, telecommunications
and transportation authorities (approved for use by the U.S. Federal
Transportation Administration).
TranSend: "Turning Problems into Profits"®
For additional information go to www.pocketserver.com
Contact:
Dan Wright
President, TranSend International, Inc.
1-480-907-5740 x23
dwright@transendinc.net
About XIRING
XIRING designs, manufactures and markets smartcard based security products
and solutions. Through authentication and digital signature they allow
private and professional users to secure their electronic transactions.
XIRING focuses on remote banking and health care applications and leverages
an international network of more than 50 business partners. Six million
XIRING readers have been delivered in 30 countries.
For more details visit www.xiring.com
XIRING Press Contact
HARRISON COWLEY - 27 Macklin Street- London WC2H 9BP- UK
Shona Clarke
Tel : +44 (0) 870 606 0960 - E-mail : shonac@harrisoncowley.co.uk
XIRING -River Seine - 25 Quai Gallieni - 92158 Suresnes Cedex - France
Nigel Reavley
Tel : 33 1 46 25 80 38 - Fax : 33 1 46 25 80 20 - E-mail : n.reavley@xiring.com
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