Solution
The right approach to the online banking challenge already exists in
the way an ATM (Automated Teller Machine) works.
An ATM is a publicly accessible computer connected over private
communication lines to a bank’s central servers, making it the
earliest form of retail online banking. To use it, the bank customer
needs to have an ATM card and know the associated PIN (Personal
Identification Number).
It would be unimaginable to have ATMs that only require a PIN and do
not ask for a debit card. If so, anyone would be able to access the
customer’s account by obtaining the customer’s PIN by simply looking
over their shoulder when the PIN is entered
And yet, Internet online banking only requires a password.
Ancora Online™ is the
solution that consumers and online banks want and need.
Ancora is to Internet online banking what a debit card is for an
ATM. Ancora Online turns a PC into a debit card for online banking.
Only someone who has both an ancorized computer and an associated
password can access the account.
Ancora Online is a form of Internet “caller ID” between a bank and
its customer. Ancora allows the computer to identify itself. Each
time a user logs in, the bank matches the user’s ID and password to
the ancorized computer. This sequence will verify that the
authorized user has logged in and not an impostor who simply stole
the user’s ID and password.
Invisible is better
If you know how to login to a computer you can use Ancora Online.
Absolutely nothing in the user experience changes once a computer
has been ancorized. It works automatically and is unnoticed. Ancora
Online is invisible.
No additional hardware needed.
Other technologies that claim similar
benefits require additional hardware such
as “tokens” and smart card readers, which add costs, complexity and
inconvenience to the users. Deploying these solutions to large
numbers of consumers is very impractical.
The hardware needed for Ancora Online is already built into every
computer's motherboard.
Privacy
A solution to the ID hijacking problem must
respect a bank consumer’s privacy or risk rejection by the public.
Ancora Online is designed to prevent the information stored in the
computer to be misused by anyone who could invade the consumer’s
privacy.
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