DIGIPASS 280 provides a transaction data signing and authentication solution that banks and other organizations can use to combat internet fraud by replacing static or paper-based password systems with dynamic one-time passwords (OTPs) and e-signatures that are calculated with DIGIPASS algorithms. The e-signature functionality offers protection against man-in-the-middle and similar fraud schemes.
DIGIPASS 280 supports up to four different native time-based applications including two OTP and two e-signature applications. The OTP-applications generate dynamic passwords with a limited validity. With a push on the button, DIGIPASS 280 displays an OTP each time a user wants to remotely log on to an application, website or network. The two applications each use their own cryptographic secret to calculate the OTP. Banks can opt to use one OTP-application exclusively for online banking purposes and to use the other to secure e-commerce transactions for instance.
The e-signature applications require data field validation from the user in order to generate an e-signature. For regular transactions, the user will validate the amount in order to complete the transaction signature. For higher risk transactions, the second application can be used requiring additional field validation such as an account number to strengthen security.
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