New smart-card reader from Todos: Tallinn Business Bank first to market with A300

PR Log (Press Release) – Sep 03, 2009 – GOTHENBURG, SWEDEN AND TALLINN, ESTONIA—SEPTEMBER 2, 2009—Tallinn Business Bank (TBB) Äripank is the first bank to roll-out the A300 – Todos's latest smart card reader.

Tallinn Business Bank was founded in December 1991, making it one of the oldest commercial banks in Estonia. It aims to be among the leading online banks in Estonia. In a competitive market usability is as important as functionality. This is why the bank turned to Todos. The Todos A300 combines the latest security technology with sleek Scandinavian design.

Unique features include Secure Domain Separation, giving more secure authentication, signing and online purchases, and Dynamic Signatures, which lets the bank set the level of security in line with the level of risk in each and every transaction. At the same time, the device is easy to use with a large LCD display and user-friendly buttons.

The new device is a CAP/EMV standards-compliant smart card reader allowing TBB customers to use their existing cards to authenticate themselves. Since the bank currently issues five different debit and credit cards, this makes life easier for customers. It also cuts the bank’s costs because it doesn't need to issue new cards.

The A300 integrates with Todos eCode which includes the Todos VAS server and various eBanking and eCommerce add-on modules chosen by the bank. The system future-proofs the bank's investment because it allows them to add new devices, new add-on modules, new functionality and new authentication technology whenever they want.

Todos's partner for the region, X-Infotech Ltd., played an important part in the deal and helps provide the bank with the eCode system.

"It is thrilling to see the progress made by leading Baltic banks such as TBB," says Ulf Dahlberg, Sales Director EMEA at Todos AB, "They're making a smart decision by offering their customers very high levels of security and user-friendliness. It differentiates them from their competitors and it increases customer trust and confidence. The choice of Todos eCode and our A300 underlines the banks ambition to lead the market."