Bank of New Zealand has purchased Entrust, Inc.'s Entrust IdentityGuard to provide a second factor of authentication to its personal online banking customers.
The security is provided by a card with codes that users must enter to authenticate when using the Internet banking service. Different clients will have distinct cards.
Bank of New Zealand is a member of the National Australia Bank Group, which has a geographic spread of assets in Australia, Asia, the United Kingdom and New Zealand. Globally, the national Group has an asset base of over A$250 billion and is ranked as one of the 50 largest banks in the world.
Entrust IdentityGuard is a comprehensive strong authentication platform for Internet and enterprise applications. This suite of strong authentication capabilities enables organizations to take a risk-based approach to tailoring security deployment.