Credit Industriel et Commercial de Paris is testing a device designed to make telephone-based banking transactions more secure.

The device, known as the Banking Token, is a small plastic disk that consumers press against the telephone handset during a transaction. The disk emits an encrypted signal that augments a personal identification number as a means for identifying a caller.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.