The Bank of New Zealand (BNZ) is introducing two factor authentication technology from US-based vendor Entrus to provide its customers with secure access to its Web banking services.
BNZ has purchased Entrust's IdentityGuard product to provide a second factor of authentication to its personal online banking customers.
The IdentityGuard system uses random grids of alphanumerical characters that are in turn used to answer a challenge presented when accessing online transactions.
Customers can access the grids in multiple formats, for example on stand-alone wallet-sized plastic cards, in conjunction with existing cards or in downloadable files.