Walletex BankCard - an all-in-one wallet sized high speed & high-level secured card

Tel Aviv, 30 April 2009

 

Walletex is famous for its wallet sized robust solutions based on USB and Flash memory technologies. The now-announced BankCard provides high-level security in the form of full cryptographic with large memory capacity, integrated processor and GUI components for easy access and verifications activities. This creates a complete Online Banking solution that secures all money transactions, no matter what hazards and hacking attacks can find their way to the hosting PC:

 

Imagine that your credit-card or bank-card, safely resides in your wallet, can be used to communicate with your bank account, for all operations and transactions, from wherever you are. No need to seek for a working ATM, no need to waste working hours waiting in the Bank branch line. All you need is a working PC with an internet connection, but without the worries of a website browsing: securely and peacefully as you feel while using an ATM or the bank clerk.

 

Currently, banks provide secured access to their computers using special devices. This is done in order to avoid the hacking attacks using the Smart Card technology.

 

Smart cards provide full cryptographic and obfuscate the transactions and data being sent and retrieved.

The Walletex BankCard provides all the benefits of a smart card with the security level of a smart card – and much more:

 

In addition to the full cryptographic that covers not only files, but folder structures, folders and sub folders, it provides a high security level with large flash memory capacity – unlike the smart card limitation – an internal battery for the slim display and embedded keyboard, that allows the holder to approve the transactions prior to sending them to the bank computers, thus ensuring no un authorized change was done to the data, knowingly or unknowingly!

And all of this is carried out in a high speed communication.

 

And one of its advantages is that you can work offline, even when there is no internet connection around, and send the transactions once you are ready!
The Walletex BankCard plugs easily into any type of USB port of any computer due to the patented USB connector, in any direction, allowing full access and ease of use. Once plugged in, a direct secure channel to the card owner’s bank servers is created, by passing the hosting PC, thus avoiding possible hazards, Trojan horses, viruses and malicious software that may exist on that PC.

 

These characteristics allow using the BankCard on public computers all over the world!

 

The BankCard performs a secured login and upon approval it validates all offline transactions that are saved on the BankCard, and all online transactions, while they are carried out, using the wide-screen display and the complementary embedded keyboard.

 

These two features are very powerful, because jointly with the PC bypass mechanism, they help overcome the "Man-In-The-Middle" attacks, when hackers use discreet ways to capture and modify the messages flowing between the user and the bank. The problem with this kind of attack is that the client is unaware that his transaction has changed, resulting with losses to both sides.

 

“Using the BankCard ensures that all interactions between the bank and its clients will be done as if the PC isn’t even there”, says Mr. Isaac Hadad, a world security expert, who has developed the BankCard at Walletex, “The communication to and from the bank is not only more secured than the existing market solutions, but it is much faster due to our control of both hardware and software components, and their integration and correlation. The BankCard is a full solution, no need to integrate 3rd party solutions into it, no need to provide additional devices such as smart card reader or other facilities. All that is needed is already embedded within this high speed and high-level secured card. And don’t forget its physical dimensions, that differs it from any other USB stick in the market: its high-quality full color printable face, its slim body that allows it to be secured at your wallet, its durability, its high-end vast capacity flash memory – all these make it a one of its kind bank card”.