Customer Verification System (CVS)

Based on 25 years of experience in banking and smartcard technology, interpreting and understanding trends within the industry, BGS was among the first solution providers to offer and market cost effective solutions specifically designed to establish an extra layer of trust between a bank and its clients, especially in relation to the trust in the identity of the client. The underlying objectives in designing the solution were ease of implementation and management, requiring limited operational support and being highly adaptable to address new threats. Our Customer Verification System has been designed based on PLA2010 and CTGS2010 specifications, both integral parts of the proven EMV CAP methodology.  

Our multilayer encryption methodology protects the communication between bank and customer from all kinds of threats such as fraud-after-theft, hacking, malware, Man-in-the-middle, and all known SSL weaknesses. The solution consists of an SDK that is implemented on the phone within an app, and a Enrolment- and Authentication Host, which generates and encrypts keys via a Hardware Security Module (HSM) thus ensuring the protection of any sensitive data. The convenience of use and the various use cases made it an immediate success in our first implementation at VTB Bank, the second largest bank in Russia, with about 500,000 users enrolled to the service.

 

Please find an article about the installation at VTB Bank here.

For full product information about strong customer authentication please

refer to our product brochure "BGS Customer Cerification System"