VirtuaBanker Soft Token Mobile Authentication Add-on Solution (vToken)

vToken soft token is a compact software application that can be delivered to the user’s existing mobile device so that all users, regardless of location, cell coverage, or handset type can easily generate a one-time password.

vToken generates an OTP that changes each time a user logs into the Internet Banking service or performs a monetary transaction. vToken itself is protected by an access code. NSys’ product is unique in that it can store multiple secret credentials, eliminating the need to carry multiple hard tokens. NSys has developed low-cost products to address the strong authentication needs of Financial Institutions wishing to roll out retail Internet Banking services.

For example, if a user subscribes to two or more Internet Banking services, the user need only select the desired Financial Institution and vToken will generate the corresponding OTP.

 vToken Usage Scenarios

Users may gain access to the enterprise servers via multiple delivery channels. vToken is delivery channel agnostic and does not require any client side driver downloads.  vToken has therefore a zero footprint characteristic. Once the  vToken Authentication Server successfully  authenticates the user via the OTP generated by vToken, the user is then granted access to the application servers and the corresponding enterprise data sources.

VToken is a Supported Cryptographic Operations:-

• Supported Encryption Algorithms
  - Triple DES
  - Advanced Encryption Standard (AES)

• Supported Message Digests
  - MD5
  - Secure Hash Algorithm (SHA)

Advantages

• vToken is designed to secure multiple delivery channels (internet banking, phone banking, call centers, ATMs, etc).
  
• vToken is a horizontal security product and it has been highly productized / localized for the banking industry taking into consideration the front and back office processes of banks.
  
• vToken Supports multiple token generation mechanisms
  • Challenge-Response One Time Passwords
  • Event based One Time Passwords
    
• vToken is very much cheaper compared to the physical tokens from RSA, VASCO and SAFENET.

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