SecureKey Technologies Inc. to power the Government of Canada’s new online authentication service

SecureKey Technologies Inc. to power the Government of Canada’s new online authentication service

Use of bank-issued credentials from TD Bank Group, Scotiabank and BMO Financial Group will enable secure, convenient access to online government services

Toronto, Canada, November 7, 2011–Toronto based SecureKey Technologies Inc. today announced that it has been awarded a contract by the Government of Canada to provide an innovative Credential Broker Service (CBS) that will allow Canadians to use their bank authentication credentials to obtain access to online government services. To ensure privacy protection, users of the CBS will authenticate through their bank but neither their login credentials nor the identity of their bank will be shared with the Government of Canada. Similarly, no information about the government service being accessed by the user will be shared with the user’s bank.

The new service is part of the Government of Canada’s Cyber Authentication Renewal initiative and leverages SecureKey’s authentication solutions, which enable banks, credit card issuers, governments and healthcare providers to extend the security capabilities of chip-based payment and identity cards to their mobile and online offerings.

“We are thrilled to have been selected, through a competitive process, by the Government of Canada to provide this unique service”, said SecureKey Technologies Inc, CEO Greg Wolfond, “This partnership between government and industry lays the foundation for an ecosystem that will offer increased choice and ease of use for consumers and businesses accessing secure online services.”

Management of security credentials is a constant challenge for online government services which are used periodically, as website-specific user ID’s and passwords are often forgotten. SecureKey’s new authentication service will allow consumers to access government services using their online banking login credentials or, if offered by their bank, by tapping their bank-issued chip card on one of SecureKey’s easy-to-use USB card readers or, in future, on a SecureKey-enabled laptop or mobile device.

To provide consumer choice and broad national coverage for the launch of the service, three of Canada’s largest banks, BMO Financial Group, TD Bank Group and Scotiabank have been selected as the inaugural credential providers. These banks offer unparalleled authentication capabilities that will make customer access to online government services much easier.

“We are pleased to be able to offer our customers safe, secure and convenient online access to government programs and services,” said Mike Henry, Scotiabank’s Senior Vice-President and Head of Canadian Retail Payments, Deposits and Lending. “So many websites require login information, making it easy to forget a few every now and then. With this service, our customers won’t have to worry about remembering another user ID and password because they will be able to easily access government services online using what they already use with us. This will give them the peace of mind that their personal information is securely protected.”

“BMO sees this as a natural extension of services we offer to our customers. Our participation gives customers a secure, simple, and trusted verification process for accessing government sites and also levers the investments we have already made in chip and contactless technology to create a safe & sound environment for banking and payments,” said Mike Kitchen, SVP, P&C Products, BMO Bank of Montreal.

“SecureKey’s credential service will offer our customers a powerful combination of security and convenience when accessing their government accounts online,” said Paal Kaperdal, SVP, Online Banking, TD Bank Group. “This is an innovative approach by both government and industry to improve an essential service for Canadians, and another way that TD can fulfill our promise of delivering a more comfortable banking experience to our customers.”

The CBS will go live in 2012 and will be made available to all Government of Canada Departments and Agencies.

About SecureKey Technologies Inc.

SecureKey develops innovative hardware and software solutions that extend the power of chip-based identity and payment credentials to online and mobile transactions. With SecureKey, financial institutions, health care providers and government organizations can offer their online customers the convenience and security of ’ tap to authenticate’ and ‘tap to pay’ services. SecureKey is a privately held company with offices in Toronto, Ontario.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified financial services organization. With total assets of CDN$477 billion as at July 31, 2011, and more than 47,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.

About Scotiabank

Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $567 billion (as at July 31, 2011), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD is the sixth largest bank in North America by branches and serves more than 20 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust, TD Insurance and TD Auto Finance Canada; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America’s Most Convenient Bank and TD Auto Finance U.S.; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with more than 7 million online customers. TD had CDN$665 billion in assets on July 31, 2011. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

For further information

Andre Boysen, EVP, Digital Identity & Authentication Services
SecureKey Technologies Inc.

Laura Mergelas, Corporate and Public Affairs
TD Bank Group

Ralph Marranca, Director, Corporate Media Relations and Issues Management
BMO Financial Group

Patty Stathokostas, Media Communications

Media Relations
Treasury Board of Canada Secretariat