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DG VERLAG Delivers Secure E-Banking with VASCO CRONTO Technology
Referred to as Sm@rt-TAN photo by DG VERLAG, VASCO’s patented visual transaction signing solution CRONTO Technology is used in combination with the technology and standards in place in the German banking industry (Deutsche Kreditwirtschaft, DK). Together, the solution secures online banking for Volksbanken and Raiffeisenbanken customers.
The device enables banks to effectively defend against sophisticated hacking attacks by authenticating users and signing transactions. Banking customers use the Sm@rt-TAN photo device with CRONTO by inserting their chip cards and scanning the encrypted matrix of colored dots, similar to a bar code. The graphical cryptogram is instantly decoded to confirm transaction details, which ensures only customers can authorize online banking transactions on their accounts.
Banks can also feel secure knowing that the authentication process using CRONTO technology is PSD2 compliant for strong authentication – the data captured ensures the confidentiality, integrity and authenticity of every transaction and meets the regulation’s requirements for strong authentication. The end-to-end protection of communication between users and the bank, as well as the visual validation feature, provides users with a quick and convenient way to check each transaction.
“Customer convenience is the most important factor for us as we want to make it as easy as possible for the cooperative banks to do business with us,” said DG VERLAG Member of the Board, Franz-J. Köllner. “Thanks to the added ease of use and security of Sm@rt-TAN photo customer transactions can be executed quickly, conveniently and securely.”
“When individuals join cooperative banks, they are placing their trust in that organization,” said VASCO Chief Executive Officer,
About DG VERLAG
The Deutscher Genossenschafts-Verlag eG (DG VERLAG), Wiesbaden, is the competence center for solutions, services and products of the cooperative financial group Volksbanken Raiffeisenbanken, the goods and service cooperatives as well as the cooperative institutions in
VASCO is a global leader in delivering trust and business productivity solutions to the digital market. VASCO develops next generation technologies that enable more than 10,000 customers in 100 countries in financial, enterprise, government, health care and other segments to achieve their digital agenda, deliver an enhanced customer experience and meet regulatory requirements. More than half of the top 100 global banks rely on VASCO® solutions to protect their online, mobile and ATM channels. VASCO’s solutions combine to form a powerful trust platform that empowers businesses by incorporating identity, fraud prevention, electronic signatures, mobile application protection and risk analysis. Learn more at VASCO.com and on Twitter, LinkedIn and
Copyright © 2017 VASCO Data Security, Inc., VASCO Data Security International GmbH. All rights reserved. VASCO®, CRONTO® and DIGIPASS® are registered trademarks of VASCO Data Security, Inc. and/or VASCO Data Security International GmbH in the U.S. and other countries.
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