Commerzbank and Cronto launch photoTAN for Secure Online Banking Transactions

  Commerzbank and Cronto launch photoTAN for Secure Online Banking
  Transactions

First German bank deploys CrontoSign

Business Wire

CAMBRIDGE, England -- February 6, 2013

Cronto's visual transaction signing solution is deployed by Commerzbank AG,
the second largest bank in Germany, as the next-generation protection for
their online banking customers. Starting from February 2013, the CrontoSign
solution is helping to keep online customers secure from most advanced attacks
poised by Trojan malware specifically targeting online banking.

Commerzbank photoTAN App Image: Commerzbank AG

Commerzbank photoTAN App Image: Commerzbank AG

The CrontoSign solution is offered to the Commerzbank customers under the
“photoTAN” brand taking over from “iTAN”, the previous generation security
solution, where a unique number is used to authorise each banking operation.
With photoTAN, the customers will be able to securely verify the payment with
a mobile App or a standalone device before using a unique authorisation code
(TAN) to sign the transaction.

Martin Zielke, Member of the Commerzbank Board of Managing Directors,
responsible for Business Segment Private Customers, says: “photoTAN meets the
highest demands for security in online and mobile banking.”

The photoTAN deployment was an important security project in the bank
delivering innovative technology to 11 million retail banking customers and
“underlines the strength of our technical innovation in the area of
information technology” stated Frank Annuscheit, Member of the Commerzbank
Board of Managing Directors and Chief Operating Officer.

Cronto and Commerzbank have been collaborating since 2008 to advance the
CrontoSign solution to combine both the strong security of transaction signing
and the simple user experience that meets the expectations of Commerzbank’s
customers.

“We have worked closely with Commerzbank who helped to develop the CrontoSign
visual transaction signing technology from innovative ideas to the product
ready to serve the needs of millions of banking customers,” adds Igor Drokov,
CEO, Cronto.

Commerzbank's customers will be able to choose between using the photoTAN
mobile app or a photoTAN device both delivering a state-of-the-art optical
transaction signing.

To experience the CrontoSign technology first-hand, please download the
CrontoSign mobile app for your iOS or Android device and try it with the demo
account atwww.crontosign.com.

Cronto Limited is a leading provider of secure visual transaction
authentication solutions for online banking, based upon CrontoSign Visual
Signing Technology born out of leading edge engineering research undertaken at
the University of Cambridge. For more information, visit www.cronto.com.

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Contact:

Cronto Limited
Anni Maxx, +44 1223 750001
pr@cronto.com