Campus Cards, College and University Identification and Security

Hong Kong's smart ID cards secure online banking

Friday, March 10, 2006

Government-issued IDs flourish as private-sector security token

In some parts of the world, the acceptance of token-based authentication is slow and requires prodding from service providers, but in Hong Kong the use of smart cards and tokens is flourishing as consumers use the technologies for digital banking and other services.

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Ceelox has announced that it has finished development of a prototype application that would use Ceelox’s fingerprint biometrics to enable biometric authentication in online environments such as corporate intranets, cloud computing networks and commercial applications like online banking and other personal account-based access.

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Spectators attending the first ever Youth Olympic Games in Singapore this month are being issued Visa pre-paid cards that act as tickets, transport passes and payment cards, according to finextra.com.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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New analysis from Frost & Sullivan shows that current smart card-based transit projects in growing European and world cities will lead to an 11% Compound Annual Growth Rate (CAGR) in smart card shipment from 2009 to 2015.

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PhoneFactor Inc. has added authentication for online banking to its list of service features. The company has introduced the Universal Banking Gateway and added another secure layer to online banking functions.

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Prudence Chan has resigned as CEO of Hong Kong smart card provider Octopus Holdings after admitting to selling customers’ personal data to business partners, according to iTnews.com.au.

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