Monitise's Mass Market Java Based Secure Identification Service
Monitise Group has announced the launch of its two factor authentication service - ACCODE. The new service, which is based on the banking grade security model behind Monitise's banking service MONILINK, provides organisations with a secure two factor authentication (2FA) service delivered seamlessly across customers existing mobile phone handsets. The service is forecast to reduce the overall cost of ownership of a 2FA service by 66%.
Alongside this announcement, Attenda, the Always On Managed Services company and leading provider of outsourced IT services in the UK, has announced that it will offer ACCODE to its clients. The company, whose clients include Avis Europe, bmi, easyCar, Compass Group, Microsoft, NHS, Princes and Sun Microsystems, will allow users of its outsourced IT services to use ACCODE as an alternative to existing token based services and as an integral part of several of its upcoming propositions.
ACCODE offers a secure mass market alternative to token based security systems, coupled with far greater convenience. Based on a secure application stored on the mobile handset, the service uses secure algorithms to generate one time passcode that can be used to secure access to desktop and online services. Furthermore, the service is always available, since, although generally an 'online' application it has an 'offline' capability allowing the service to work even in areas with no cell phone coverage.
ACCODE has been developed in response to a growing need for better security and identity services in the online environment. Historically this has been provided by token based services. However, such services do not reflect consumer behaviour or desire since they force users to carry yet another piece of technology with them. This has also generated high support costs for providers, due to the high rates of loss or incidents of users forgetting the tokens and then requiring helpdesk support in order to access their secure resources.
ACCODE is compatible with over 95% of the UK's mobile phone estate including most J2ME based handsets, from the Nokia 6310i to the BlackBerry range of devices.
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