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WEBIDENTITY
is an excellent solution for the handling of simple and
secure transactions in the financial world. The broker
or manager of financial services is able to identify
with certainty the user that is ordering the purchase or
sale of stocks or shares and will thus automatically be
sure of the reliability of the information. At the same
time, the Client or the user is able to certify his
credentials simply by using internet and plugging in his
properly initialized WEBIDENTITY device to any
personal computer with an internet connection (which
could be anywhere from the stock exchange to his home or
the airport).
The
reliability and the confidentiality of the information
in transit over the net is guaranteed by powerful,
bi-directional encryption algorithms (from server to
client and vice versa - thanks to ActiveX and Plug-In
components which allow transparent use of a web browser)
based on a time-dependent private key algorithm.
Identification
of the user is through a search on the user information
held within the WEBIDENTITY token which has 416
bytes of writeable memory protected with a double access
code of 16 + 16 bytes. The special features of the
hardware device make it impossible to clone. Among the
parameters used for the generation of the PIN (which is
fundamental for identification by the WEBIDENTITY
Web-Server) there is one which is tied to the hardware
code of the ASIC chip on which it is based.
The
fact that user identification is carried out not only by
means of the device but also through a password check is
an extra safeguard against theft or loss of the token
itself.
WEBIDENTITY
offers thus a really secure solution, while maintaining
its simplicity and transparency, for the handling of
financial transactions and for the purchase and sale of
stocks and bonds.
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