STOCKHOLM, Sweden, May 23, 2002 (PRIMEZONE) -- Nokia and Nordea have launched a pilot project in Finland to test the use of mobile chip identification in the delivery of banking services. The participants in the dual chip pilot have received a Nokia WAP mobile phone equipped with both a SIM card issued by the operator and a chip card issued by Nordea.
When customers want to use Nordea's banking and stock exchange services they log on and confirm orders by means of the chip card issued by Nordea. The WIM (Wireless Identity Module) included in the chip card makes it possible for users to identify themselves and supply digital signatures to confirm their transactions. Thus, there is no need for identification and confirmation list on paper, as at present.
"Nordea has long experience of electronic banking, and we are happy that we can draw on their expertise in joint projects to develop practical and functional solutions for the payment of transactions by mobile phone. The dual chip concept being tested in the pilot is one of those options for mobile payment which we are currently working on at Nokia and which we will support in our future products," said Martti Granberg, Director, Nokia Mobile Phones.
"The chip issued by the bank ensures that banking and financial transactions will be handled even more securely than normal, while wireless identification will make it easier to use the service," said Bo Harald, head of Electronic Banking at Nordea. "The chips issued by Nordea have undergone an extremely high level of safety certification, and the use of the WIM application will lead to very safe solutions because it uses chip-based secure identification and encryption. Dual chips will be increasingly useful in the future, when our customers begin to make larger purchases from wireless terminal devices. It also means that the phone bill needs to be differentiated from the purchases."
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
About Nordea
Nordea is the leading financial services group in the Nordic and Baltic Sea region and operates through four business areas: Retail Banking, Corporate and Institutional Banking, Asset Management & Life and General Insurance. The Nordea Group has nearly 11 million customers, 1,245 bank branches and 125 insurance service centers in 22 countries. The Nordea Group is a world leader in Internet banking with 3 million e-customers. The Nordea share is listed in Stockholm, Helsinki and Copenhagen.
Further information:
Nokia Mobile Phones Communications Tel. +358 7180 08000 www.nokia.com
Nordea
Bo Harald, head of Electronic Banking, tel. +358 9 165 42256, +358 50 64101 Sirkka Wright, Electronic Banking Services, tel. +358 9 165 24950, +358 50 350 9715 Liisa Laine, Media Relations, tel. +358 9 165 42655, +358 50 66839 Read more in press releases at www.nordea.com
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