ACS Offers Robust E-Banking Security with APG8205 Dynamic Password Generator

ACS has launched the APG8205, which uses one-time password (OTP) technology to protect merchants and bank card holders from online attacks and other known risks.

Hong Kong, Hong Kong S.A.R., June 28, 2013 --( Advanced Card Systems Ltd. (ACS, wholly owned subsidiary of Advanced Card Systems Holdings Ltd., SEHK: 8210), Asia Pacific’s number one supplier and one of the world’s top 3 suppliers of PC-linked smart card readers (Source: Frost & Sullivan), offers the APG8205 to enhance and strengthen security in today’s banking environment. Belonging to ACS’s Dynamic Password Generators product line, the APG8205 provides a two-factor authentication solution that protects online banking customers and merchants alike from malicious attacks.

The APG8205 is the next-generation dynamic password generator from ACS that offers a sleeker, thinner and more modern design. Built with a clear LCD and responsive keypad, it enables user-friendly and convenient operations. Beyond its physical attributes, however, it is APG8205’s strong two-level mutual authentication capability that is most noteworthy. By authenticating using two factors-something users have (a MasterCard CAP/ Visa DPA card) and something users know (a PIN)-risks of fraudulent attacks like “Card-Not-Present” scenarios could be greatly mitigated, making online banking transactions much safer.

With its compliance to major banking, computing and safety standards, namely, Mastercard® Chip Authentication Program (CAP), VISA Dynamic Passcode Authentication (DPA) and EMV Level 1 Certification, APG8205 is a reader all stakeholders in the banking industry can trust.

“With the addition of APG8205 to our portfolio, we hope to empower the banking industry in their fight against the proliferation of fraudulent scenarios within their online banking infrastructures,” explained Mr. Gilbert Leung, ACS VP for Sales and Marketing. “We understand the large losses both banks and customers face due to these fraudulent attacks – financial or otherwise. Thus, we want to provide a solution that effectively addresses security concerns in e-banking.”

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Advanced Card Systems Ltd.
Zoe Ko
Units 2010-2013, 20th Floor
Chevalier Commercial Centre
8 Wang Hoi Road, Kowloon Bay
Hong Kong