Hwatai Commercial Bank has selected Todos to supply authentication servers and devices for its online banking customers. Hwatai Bank has a history dating back 66 years and it has 30 branches across Taiwan.
This decision demonstrates Todos’s global reach. The company beat several other leading providers to win this contract and supplies eight of the top 30 Taiwanese banks. Todos is also the only company to offer a Government-certified smart card reader with Chinese character output in Taiwan.
Hwatai initially plans to deploy the Todos C200, a light-weight smart card reader for bank customers to use that provides extra protection against fraud compared with static passwords or one-time password tokens. It comes with Todos’s Dynamic Signatures and Secure Domain Separation technologies.
The Todos Versatile Authentication Server enables banks to issue multiple devices to individual customers. For example, the same user can have a compact travel device and a more secure smart card reader for the office. Banks can also give different types of users different devices.