Emue

Online Banking

Login

PIN generated One-Time-Passcode (OTP) for use when logging on. Strong 2 factor authentication.

Verify

This feature enables consumers to determine the legitimacy of the online banking web site they are communicating with before they disclose their own credentials.

Transfer

Funds transfers can be "signed" using the device by inputting the amount, account number and user's PIN to generate a unique one-time-code authorising the transaction.

Features

Enhanced CNP stronger authentication
Secret PIN/Password never transmitted
Enterprise remote access
Enhanced AF feature
Third Party Identity Protection
Third party feature sharing
Independent credential to device issuer
Revenue sharing model

Mitigates

Keystroke logging
CNP purchase fraud through dynamic CVV
Extended threats to OTP (theft of OTP device and keystroke logging combined)
Social engineering (consumer to enterprise)
Third party deployment of multiple devices
Consumer/employee inconvenience.

19 March 2009
Online banking fraud soars in UK
Online banking fraud losses in the UK reached £52.5 million in 2008, a whopping 132% increase on the previous year's tally of £22.6 million, according to annual fraud figures released by payments association APACS

http://www.finextra.com/fullstory.asp?id=19790

09 February 2009
Visa and Emue Technologies deploy cards with built-in one-time password generator
The Visa Card with one-time code, being offered to issuing banks by Visa Europe and Emue Technologies, is an innovative new way of securing online payment and banking transactions - and building consumer confidence.
http://www.finextra.com/fullfeature.asp?id=1110

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