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Gemalto launches new card with password security, payment feature

BBR Staff Writer Published 10 November 2010

Gemalto, a Netherlands-based provider of digital security solutions, has launched a new payment card that combines one-time password security capabilities with standard payment feature.

Gemalto has said that this new card allows banks to offer a single card that delivers both payment and increased security for online transactions. The new Ezio product is available US.

According to the Gemalto, the card’s online secure password feature can be activated by pressing a button on the face of the card. A one-time code will be digitally generated and displayed.

The card becomes a second factor of authentication, allowing the user to enter the unique and non-reusable numeric code on a web page, in addition to their user name and password.

As part of the solution, Gemalto provides a turnkey platform which is plug and play with existing banking systems, for the online verification. The server verifies user authentication for online transactions and account access. Gemalto also offers complete personalization and fulfillment services.

Gemalto Head of eBanking Ove Wedsjo said, the 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.