The e20 is a battery-operated smart card reading device with a display and keypad for entering PIN codes and other numeric data. After a cardholder enters his or her PIN, the device generates a one-time valid password or transaction authentication number that the cardholder uses for the authentication of online transactions such as eCommerce or eBanking.
The e20 reader was successfully tested against the MasterCard OneSMART Chip Authentication Program’s (CAP) 2004 specifications and was the first such device to achieve this milestone. The approval makes it possible for financial institutions and other card issuers to use SCM’s mobile reader with the MasterCard authentication program.
The global migration to smart card technology is perhaps the most important change to the card payments industry since its inception, said Robert Schneider, CEO of SCM Microsystems. At the same time, an even bigger change is taking place in the world around us – the emergence of eCommerce.
SCM teamed up with MasterCard to bring the power of smart card security into the virtual world with our handheld authentication device. The result is an easy to use, but effective solution for eCommerce and online banking that helps mitigate the risks that phishing and keylogging programs present to password-based security.
