VASCO Data Security, MoadBus Ally To Enhance Mobile Banking Safety

VASCO Data Security International, a software security company specialising in authentication products, and MoadBus, a software products and services provider to the international financial sector, have joined forces to deliver digital signatures on mobile banking and mobile cash solutions to joint customers.

MoadBus develops mobile banking and NFC-based mobile payment solutions among its portfolio of products. The various mobile solutions from MoadBus seamlessly integrate with different software platforms, protocols, databases, and devices and are compatible with any generation mobile phone. In order to enhance the security of these solutions, VASCO DIGIPASS strong authentication and digital signature will be integrated into MoadBus’ MBanking and Mobile-Cash applications.

This partnership is based on the flexibility of VASCO’s DIGIPASS API offering that allows solution providers to transparently embed strong authentication and e-signature functionalities into mobile banking applications while maintaining existing backend infrastructure.

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Joint banking customers will be offered a user-friendly security solution to protect them from password theft, unauthorised account access, and Man-in-the-Middle attacks. The end user’s mobile phone will become their authentication device for all their mobile banking and mobile cash transactions.

Existing MoadBus customers will be offered the possibility to add DIGIPASS authentication and digital signature to their applications. While current VASCO customers will be able to further build upon their investments when adding mobile banking capabilities to their service offering. Both partners are already in the process of deploying a first pilot.