If Your Card is as Good as Cash, How Much Security Do You Want?

By Carl Ford November 16, 2012

Singapore will be the home of the latest rollout by Standard Chartered Bank using Gemalto’s Ezio Display Card, which extends your security strategy by including tokens and authentication methods.

As you can see above the card, which was jointly developed with Nagra ID, includes a small LCD display giving a way to provide a one-time password for transaction signing and e-banking. The goal of these cards is to be the primary choice for the cards in your wallets. The card is in line with the Monetary Authority of Singapore’s requirements for customers who make use of online banking to utilize new security tokens that are enhanced with transaction signing ability from January 2013. In the near future, Standard Chartered is also looking to include contactless functionalities in the token cards.

“At Standard Chartered, our number one priority is to safeguard our customers’ interests. The introduction of Gemalto’s Ezio onCard PAD & PAY is a tangible example of how the bank converts technological possibility into market-leading capability,” said Trevor Haeger, CIO, Standard Chartered Bank. “We are relentlessly improving our security to be ahead of the game and ensure that our customers continue to enjoy banking safely though our outstanding internet and mobile channels.”

“Ezio onCard PAD & PAY end-to-end solution captures the key elements for compelling user adoption - increased trust, portability and ease of use,” commented Tan Teck Lee, chief innovation and technology officer and president of Gemalto Asia. “Gemalto is in a unique position, thanks to its expertise and experience, to provide an end-to-end offer that includes consultancy, manufacturing, personalization, fulfillment and servers, to specifically meet Standard Chartered Bank’s requirements and ensure a smooth product launch.”

Edited by Brooke Neuman

Partner, Crossfire Media

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