ARX Provides Electronic Signature Solution to Bank Hapoalim Business Customers with ARX's MiniKey USB

Petach Tikva, Israel, November 4, 2003

ARX, a leading provider of electronic-signature, security and cryptographic solutions, today announced that Bank Hapoalim, the largest financial institution in Israel, has selected ARX to deliver a digital signature solution that allows thousands of Bank Hapoalim business customers to confidently conduct sensitive financial transactions over the web. ARX provides Bank Hapoalim and its customers with an easy to use, secure and reliable solution. 

ARX’s electronic signature solution enables Bank Hapoalim to expand its portfolio of online services to include transactions such as stock, bonds and mutual fund transactions, large fund transfers between accounts with multiple signature support, easy salary payments and check ordering. The customer experiences a trustworthy and user-friendly process for conducting sensitive financial transactions online.

With ARX’s MiniKey USB Token, customers authenticate and digitally sign business transactions over the web. Using ARX software, Bank Hapoalim instantly identifies the customer, verifies the electronic signature, and confirms that the data of the transaction is valid. ARX’s technology eliminates any possibility of data tampering and offers both the bank and its customers non-repudiation of business transactions.

“As the leading bank in Israel, we strive to provide our customers with the most convenient and secure online offerings," said Alex Baltusch, Business E-Banking Manager, Bank Hapoalim. “When examining several solutions, we were impressed with ARX’s flexibility to easily adapt the product to our specific needs, in addition to the simple and short deployment phase. The system has been easily implemented and is successfully running. ARX’s electronic signature solution plays a powerful role in improving our current online service offerings. ARX provided Bank Hapoalim with a value added and comprehensive solution.”

“We looked very carefully at Bank Hapoalim’s needs and provided a completely standard electronic signature solution that is tailored to meet their specific requirements,” said Motty Alon, Vice President of Marketing, ARX Ltd. “Both the bank and its customers can now conduct simple and significantly secure online financial transactions. ARX and Bank Hapoalim have a long-standing customer relationship, and we strive to continue and offer up coming cutting edge solutions.”

Bank Hapoalim is Israel’s leading financial group and largest bank with a global presence in key markets. The Bank’s leadership status has been strengthened by stressing customer-focused services and providing innovative and comprehensive financial solutions from basic banking through to the most complex project financing. The Group also has holdings in non-financial sectors such as insurance, high-tech industries, tourism and real estate. More information about Bank Hapoalim is available at www.bankhapoalim.biz.