Gemalto’s credit cards ensure more secure online payments

Gemalto has launched a new credit card technology that enables banks to offer their clients a single card with both payment and increased security for online transactions.

Users activate the card’s online secure password by pressing a special button on the surface of the card. The card generates digital code that can be used for one-time authorization. Thus, customers enters this unique and non-reusable numeric code on a Web page apart from their user name and password.

The new Gemalto Ezio product is immediately available in the United States.

“With the rapid growth of attempted online fraud, financial institutions are looking for effective and affordable ways to provide increased and more user-friendly online security, especially for commercial and high net worth accounts,” commented Ove Wedsjo, head of eBanking at Gemalto. “Our brand new Ezio product equips end-users with a security token embedded in a form-factor they are very familiar with, guaranteeing high user acceptance. It allows for bankers to lower their fulfillment costs and at the same time significantly increase online security."