Most bank transactions in Germany are released with a so-called TAN (Transaction Number). Because of the fact that the issuance and administration of the TANs are normally the most expensive part of a transaction, the financial industry was looking for a cheap alternative to the conventional TAN for a long time. It has to be considered that the high security standard applied for bank transactions have also to be fulfilled by new methods.

Solution Mobile TAN

The Mobile TAN, the NOVOSEC solution, uses the processes which the customer knows well and strongly the online banking costs at the same time efficiently. To release the customer's order, the bank sends a TAN directly via SMS to the customer's mobile phone.

By the usage of a standard mobile phone bank transactions can be conducted cheaper, faster and more convenient. Moreover, the Mobile TAN has several advantages with regard to security. It is valid for a limited time span only, and it is transaction-dependent (i.e. it can be used only for the corresponding transaction and no other). Thus, it strongly reduces the risk of misuse, e.g. by "phishing".

For more information on Mobile TAN, please send an email with your contact data with reference to "Mobile TAN - Whitepaper" to contact@novosec.com.

Mobile TAN Demo

Do you want to test the Mobile TAN by yourself? Just click on www.novosec.com/mtan. You do not have the access data at hand? Just send an email with your contact data with reference to "Mobile TAN - Demo" to contact@novosec.com.