The eBanking solution does not require any software. To use the service, users must connect the USB key to their PC, which launches a safe zone that permits secure banking transactions.
Nedbank chief information officer Fred Swanepoel said: "In an effort to offer best-in-class Wholesale Banking solutions to our business customers, we have deployed Gemalto’s brand new PKI solution, launched as the Plug and Transact Token, to differentiate ourselves from our competitors by offering secure solutions with enhanced client usability as well as improved tracking and business information."
The solution eliminates costly technical support for the bank. Additionally, the platform can be remotely upgraded without the need of new hardware.
Gemalto e-Banking and e-Commerce senior vice president Hakan Nordfjell said: "There has always been high demand from Nedbank to pioneer our eBanking solutions, with each trial resulting in a full-scale deployment.
"By outsourcing its entire token management system, Nedbank benefits from significant cost reduction in terms of initial investment and running expenses compared to an in-house solution."
In addition to eBanking solution, Gemalto provides Nedbank with consulting services, and operates remote management of the tokens on behalf of Nedbank.
