Vasco and Moadbus in M-banking Security Partnership

VASCO Data Security International, a software security company specializing in authentication products, and MoadBus, a software products and services provider to the international financial sector, have entered a partnership to deliver digital signature security on mobile banking and mobile cash solutions to joint customers.

MoadBus develops mobile banking and NFC-based mobile payment solutions. To enhance the security of these solutions, VASCO DIGIPASS authentication and digital signature will be integrated into MoadBus' MBanking and Mobile-Cash applications.

With the combined product, the companies say joint banking customers will have a security solution to protect them from password theft, unauthorized account access, and Man-in-the-Middle attacks. The end user's mobile phone will become the authentication device for all mobile banking and mobile cash transactions.

Existing MoadBus customers will be offered the possibility to add DIGIPASS authentication and digital signature to their applications, while current VASCO customers will be able to further build upon their investments when adding mobile banking capabilities to their service offering. Both partners are already in the process of deploying a first pilot.