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HSBC Bank Brazil Provides Full Integration Between Its Electronic Channels With M-Banking and VASCO DIGIPASS for Mobile
Tuesday, June 02, 2009 5:54 AM


(Source: PRNewswire)trackingIt's the first bank in Brazil to offer integrated m-banking services based on VASCO's DIGIPASS for Mobile(R) and social security number. DIGIPASS for Mobile enables among others cash withdrawals from ATM using social security number and mobile phone as authentication device.

OAKBROOK TERRACE, Ill. and ZURICH, June 2 /PRNewswire-FirstCall/ - - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products enabled HSBC Bank Brazil to roll out fully integrated m-banking services for its retail customer base thanks to VASCO's DIGIPASS for Mobile.

Through HSBC Direct, its recently launched virtual bank, HSBC Bank Brazil is the first bank to offer fully integrated m-banking services to its retail customers by using DIGIPASS for Mobile, allowing them to withdraw cash from ATMs; conduct transactions; make money transfers & online payments and check their balance, loans & investment statements.

The bank innovated its customer authentication process to access the bank's online applications. From now on, HSBC's Direct customers are identified through their social security number instead of their account number. This new method whereby the mobile phone is used as an authentication device enables customers to user their mobile phone to access HSBC's services through all channels (ATM, Phone Banking and Internet Banking) without needing to remember user name and password combinations.

VASCO's DIGIPASS for Mobile requires no additional hardware as the authentication application is installed directly on the mobile phone, circumventing extra charges and cell phone coverage limitations.

Customers log on to the application with their social security number and a 6 digit PIN number created by himself and then the client has in his hands a safe password OTP generator. Once this password is verified by VACMAN(R) authentication software, customers can access any HSBC Direct channel and are able to withdraw cash from an ATM, access Internet Banking or conduct any other transaction such as money transfers and online payments.

VASCO's technology also offers synchronization between server and platform time taking daylight saving time changes into account. This means that DIGIPASS for Mobile will continue to be fully operational when traveling through different time zones; turning it into a true mobile solution that can be used anywhere, anytime.

"Tackling Internet fraud is an ongoing battle," says Marcello Veronese, Head of HSBC Direct in Brazil. "HSBC Brazil is therefore committed to providing its customers with the highest level of security however, without compromising on user-friendliness.



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