Raiffeisen Bank Romania has contracted with Swedish security vendor Todos for the supply of 190,000 portable smart card readers which will be rolled out to its Internet banking customers.
The RZB subsidiary will provide online customers with Todos A200 smartcard readers that have been customised with Romanian manuals, menus and the bank's logo.
The devices generate one time passwords that can be used for accessing online banking accounts as well as for verifying payments.
Iulian Dascalescu, director, procurement, Raiffeisen Romania, says: "This brings a new level of security to Romanian eBanking."