Press Releases
MORSE TAKES NEWS MOBILE PHONE BASED TWO FACTOR AUTHETICATION SERVICE TO MARKET
[20-11-2006]
ACCODE service reduces two factor authentication costs by 66%.
20th November 2006, Morse, the international consulting and technology integration company, announced that it is taking ACCODE™, a secure two factor authentication (2FA) service from it’s sister company Monitise to market. The new service, which is based on the banking grade security model behind Monitise’s banking service MONILINK, provides organisations with a 2FA service delivered seamlessly across customers existing mobile phone handsets. User trials have confirmed that ACCODE reduces cost of ownership by 66% from an average of £120 per user over three years to around £40 per user.
ACCODE offers a secure, lower cost, mass market alternative to token based security systems, coupled with far greater convenience. Based on a secure java based application stored on the mobile handset, the service uses secure algorithms to generate a one time passcode that can be used to secure access to desktop and online services. Furthermore, the service is always available, since although it is generally an ‘online’ application, it has an ‘offline’ capability allowing the service to work even in areas with no mobile network coverage.
ACCODE has been developed in response to a growing need for better security and identity services in the online environment. Historically this has been provided by token based services. However, such services do not reflect consumer behaviour or desire since they force users to carry yet another piece of technology with them. This has also generated high support costs for providers, due to the high rates of loss or incidents of users forgetting the tokens thus requiring helpdesk support in order to access their secure resources.
Mark Nutt, technology director, Morse said, "Our customers are already very interested in Accode and see it as a great addition to the portfolio of security products and services we already offer. Two factor authentication technology is something that most organisations are now familiar with and are investing in. The ACCODE service will really open up the market and provide organisations with choice. Some companies have been put off token based two factor authentication as each user needs to carry a token or device. ACCODE overcomes this barrier and should help to drive mass market adoption."
Philip Stanfield, director of Monitise’s security division said, "ACCODE reflects today’s user desire for remote based services to be delivered to a single integrated device, rather than being forced to carry additional pieces of technology with them. The service is based on the same banking grade technology which powers the UK’s mobile banking network MONILINK. We will continue to work with the key industry standard associations to ensure that future increased security requirements are based around the needs of the consumer."
ACCODE is compatible with over 95% of the UK’s mobile phone estate including most J2ME based handsets, from the Nokia 6310i to the BlackBerry™ range of devices.
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About Morse plc
Morse is an international consulting company, offering our clients specialist Business and IT advice and helping them execute for maximum benefit. We are a delivery-orientated company with focussed industry expertise, combining a powerful blend of management, application and infrastructure consulting skills.
Morse’s reputation is earned through providing essential industry know-how in a flexible and pragmatic style, where clients enjoy the benefits of innovative solutions and confidence from collaborating with a trusted and talented partner.
Morse infrastructure consulting provides technology and integration solutions to clients who want to make their IT more flexible and better aligned to their business goals. We offer services that include; the efficient and effective provisioning of technology, mission critical technology environments that deliver project ROI, flexible resources and architecture strategy and design.
Further information is available at www.morse.com
About Monitise Group
Monitise Group, a division of Morse Plc. one of Europe’s leading technology development and consulting companies, is a specialist in mobile banking and security technology.
The company is best known for the development of the secure mobile banking network, MONILINK. Monitise is also developing its mobile banking platforms and secure mobile software solutions on a global basis in association with key international partners including BT Global Services and Sun Microsystems.
Further information is available at www.monitise.com or www.accode.co.uk