05 Mar '12, 2am

Will banks implement OneKey or roll out their own security system?

Will banks implement OneKey or roll out their own security system?

I have the opportunity to meet up with the COO of Assurity Trusted Solution, the company behind the National Authentication Framework: OneKey . Assurity Trusted Solutions is a subsidiary ofInfocomm Development Authority of Singapore (IDA). The OneKey token has 3 functions: One Time Password (OTP), Challenge Response (CR) and Transaction Signing (SIGN). Most people are familiar with One Time Password. OTP is the same as the 2FA token login that we have been using for our online banking for the past few years. Just press the button and the token will generate a string of numbers. For Challenge Response, the website will display a string of numbers. Key in those numbers onto the token and it will generate a string of numbers for your response. Transaction Signing are used when you want to transfer money to another account. Key in the account number and the amount you wish to ...

Full article: http://blog.dk.sg/2012/03/05/singapore-national-authentic...

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