eMudhra launches Digital Security Center to address online banking security

26th August 2013 | By Mouseworld Now Correspondent |

eMudhra-Digital-Security-CentersNew Delhi, India, August 26, 2013: eMudhra Consumer Services, a leading provider of consumer financial services launched India’s Digital Security Center (DSC) in Bangalore today. Digital Security Center will provide customers with a secure comprehensive solution – ‘TRUSTFACTOR’ for online banking transactions.  eMudhra has partnered with IDBI and implemented Digital Signature solutions for online banking –TRUSTFACTOR during March’2013.

eMudhra’s Digital Security Center will currently focus to address the need for Secured Digital Signature Certificate issuances for IDBI corporate customers. The concept of eMudhra Digital Security Center is to provide a secured process, device and digital signature certificates for online banking in line with Infomration Technology Act and guidelines of Reserve Bank of India.

MD and CEO of eMudhra Consumer Services Kalaivani Chittaranjan, said “With greater infusion of technology, the incidents of fraud in internet banking have witnessed an increase in the recent times. With surge in electronic transactions particularly RTGS and NEFT transactions, the need to secure the transaction data between the user and Bank’s server is very essential. Digital Signature Certificates (DSC) provides this security and is emphasized by the Reserve Bank of India for high value and RTGS transactions. DSC is also the only electronic signature recognized under the Information Technology Act of India to be used in any secured electronic transactions. While PKI technology supports the security in DSCs, the process of identification and issuance is critical to ensure the right users particularly in banking transactions. eMudhra’s Digital Security Center is conceptualized to cater this aspect of the process in DSC issuance. eMudhra targets at opening 25 centers in this financial year”.

eMudhra Digital Security Centers are operated by eMudhra and will provide customers with the eMudhra Trustfactor which includes a secured verification process, Digital signature certificates and Trustfactor USB crypto tokens in a unique form factor. All the eMudhra Digital Security Centers provide for a secure environment and adhere to strict security and KYC process guidelines under the Information Technology Act. By creating a secure authentication channel to enable legally binding digital signatures for transactions, the center also has the provision to issues certifications after authentication of the customer’s KYC credentials by the bank.

eMudhra TrustFactor assures security to any online transactions for bank customers through robust technology, highly integrated processes and domain-experienced implementation. Thus, TrustFactor addresses the needs for a highly secured, legally valid authentication technology  and provides  banks security against any cyber fraud situations.


© Mouseworld Now News Service

Tags: , , , , , , , , ,

Leave your comment

IMPORTANT! To be able to proceed, you need to solve the following simple math

What is 9 + 6 ?
Please leave these two fields as-is:

Mouseworldnow Videos
  • r chandrashekhar president nasscom
  • Anant Maheshwari, President, Microsoft India
  • Suresh_Vaswani-220 by 220

Channel News

  • iValue Appointed Distributor for Arcserve’s Hybrid Cloud Data Protection Solutions more...
  • iValue Registers Impressive growth of 70% in FY2017-18 more...
  • NetRack Showcases iRack Block at DCD Bangalore more...
  • Capillary Technologies to help boost Bata’s Omnichannel CRM strategies in Southeast Asia more...
  • Fox Mobiles Launches new range of Basic Keypad Phones more...
Subscribe via email

Enter your email address:

What does the mouse ask?

Will the spurt in online video advertisement steal the twinkle from the TV ad platform?

View Results

Loading ... Loading ...
Newsletter Registration