Smart Card

As banks enter competition in newly opened markets such as investment brokerages, they are securing transactions via smart cards at an increased rate. This means:

* Smart cards increase trust through improved security. Two-Factor Authentication insures protection of data and value across the internet. Threats such as the "Man in the middle" and "Trojan Horses" that replay a user name and password are eliminated
* This will improve customer service. Customers can use secure smart cards for fast, 24-hour electronic funds transfers over the internet
* Costs are reduced: transactions that normally would require a bank employee's time and paperwork can be managed electronically by the customer with a smart card