s Identity, the new authorisation method for George
Erste Bank und Sparkassen have launched “s Identity”, a new login and transaction authorisation system that runs on the online banking platform George and its apps. Instead of receiving a transaction code (TAC) by text message and entering it online, users can use the s Identity app for credit transfers. The app window appears automatically when a transfer is requested. The user opens the app with a self-defined numerical four to ten-digit code and authorises the transfer. “This is more convenient and secure for our customers, because they do not have to type in another code sequence,” explained Erste Bank Head of Retail Thomas Schaufler. The new app can also be used to log onto the banking platform George. Until now, access was based on a user ID and password. Customers who switch to the new app only have to enter their user ID. The s Identity app then opens automatically, and the user only has to confirm the login on George. No separate password is needed.
Greater security: no more password phishing
The s Identity app helps to make banking transactions more secure, as passwords and TACs can no longer be “phished” or redirected by Trojans. This is because s Identity operates without a password or text message. With the app, there is no need to send a code, thus substantially reducing the risk. Instead of connecting by telephone, s Identity now works via an internet connection. Customers who don’t want to switch to the new app for online banking can continue to receive TACs or use an external TAC generator. Additionally, we are planning to offer a desktop solution by the end of the year which will allow customers to run the s Identity process on their PC or Mac without needing to use a smartphone app at all. The current TAC/text message process will remain available for the time being.