News Column

Kobil and VakfBank cooperation leads the way in making SMS a history in Turkey for online banking

July 16, 2014

Worms / Amsterdam - Kobil, a market leading pacesetter in the production of innovative technologies in the data and digital identity sector, and Vakfbank, one of Turkeys notable banks, took their long-term cooperation into a new phase to blaze the trail in online banking. Newly developed Cep mza, m.identity-based mobile banking app of Vakfbank, will help online banking users in saving time by providing them with a single password instead of a long and multi-staged SMS validation.

Targeting online banking users, Kobil and VakfBank have now introduced an innovative banking solution into the market: Cep mza (Mobile Signature). Thanks to the integration of banking applications, both firms have now succeeded in bringing an end to SMS validation in online banking proceedings by combining the power of iOS and Android operating systems with WEBs strong infrastructure. Cep mza is developed in order to improve overall user experience. With the new application, an interactive message is sent to the users mobile phone during cash outflows, online banking page accesses and internet banking activities carried out at personal computers. The only thing that the customer should do to complete banking transaction from computer is to click the confirm button in the message without hassling with SMS stages.

Developed with Kobils m.identity Application Security Technology (AST), Cep mza will enable Vakfbank to meet customer demands more interactively and finalize updates faster. The customers, on the other hand, will be able to conclude their mobile and online banking proceedings with only one click, without even bothering with multi-staged password screen. The new system will also prevent customers to be the new victims of pirating, theft and other types of online manipulations.

About Kobils m-Identity product

Providing an interactive, reliable and compelling platform for bank-customer relationships, Kobils m-Identity solution makes device control, protects app originality and authenticates users during mobile banking. Protecting devices against counterfeit, m-Identity also makes online banking system more secure than ever before as an integrated product. Instead of using comparatively insecure SMS option, bank customers are thoroughly protected against possible online attacks by those banks that operate m-Identity messaging infrastructure in their IT systems. About Kobil Kobil solutions set a benchmark in digital identity and high-secure data technology. Founded in 1986, the Kobil Group, headquartered in Worms, Germany and proud of its 120 employees, is pioneer in the fields of smart card, one-time password, authentication and cryptography.

Core of the Kobil philosophy is to empower a complete identity and mobile security management on all platforms and communication channels.

Nearly half of Kobil employees work in the development including leading specialists in cryptography. Kobil plays a crucial role in the development of new encryption standards. Companies like: DATEV, Deutscher Bundestag (Federal Diet), IBM, Migros Bank , Socit Gnrale, ZDF and many others trust Kobil.

Press Relations

KOBIL Systems GmbH Pfortenring 11 67547 Worms Tel: +49 (0) 6241 3004 28+49 (0) 6241 3004 28 Fax: +49 (0) 6241 3004 80 E-Mail: Web: Registry Court: Local Court Mainz, Registry No: HRB 10856 Chief Executive Officer: Ismet Koyun, Registered Office: Worms, GermanyCallSend SMSAdd to SkypeYou'll need Skype CreditFree via Skype


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Source: M2 PressWIRE

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