Authentication software firm Vasco has announced that South African bank Capitec will roll out ‘Digipass GO3’ for internal and external transfers and securing its customers against phishing attacks while making bulk payments online.
Vasco says Digipass GO3 is a lightweight, low cost, strong user authentication token, especially designed for the large volume banking market. It works by customers pressing a button which generates a unique one-time password. The password can only be used once, therefore cannot be re-used by fraudsters.
For Capitec, online security is crucial, said Riaan Stassen, CEO of Capitec Bank. We chose VASCO because of its vast experience as a strong authentication vendor to the financial world. Digipass GO3 is a proven product combining high security and a very high user friendliness.