Zaxus HSM Now Supports Triple DES and Chip Card Transactions.Business Editors CardTech/SecurTech 2000 Booth No. 109 SUNRISE, Fla.--(BUSINESS WIRE)--May 2, 2000 Zaxus today announces the upgrade of its Host Security Module (HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. ) to support Triple DES See DES. (cryptography) triple DES - A product cipher which, like DES, operates on 64-bit data blocks. There are several forms, each of which uses the DES cipher 3 times. Some forms use two 56-bit keys, some use three. The DES "modes of operation" may also be used with triple-DES. and the functionality to process chip card transactions. These latest enhancements are now standard features within all new RG7000 HSMs. Upgrading the HSM to provide Triple DES will satisfy card associations and member banks, as single length DES keys no longer provide the security required for Card Payment Systems. Additional functionality to the HSM includes integrated chip card transactions for cryptographic cryp·tog·ra·phy n. 1. The process or skill of communicating in or deciphering secret writings or ciphers. 2. Secret writing. cryp commands supporting transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and management of master keys. Cynthia Provin, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Zaxus, commented: "We are pleased to be able to announce this upgrade to the ubiquitous HSM product range. The technology is tried and tested because the Racal HSM has always used Triple DES for the protection of keys when encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science under the Local Master Key. And since the introduction of the RG7000 series the HSM has supported Triple DES for key transport." The new HSM will support single, double and triple length keys for the following functionality: key management for ATM networks, key management for partner banks and card associations, PIN encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. , PIN verification, PIN transaction and MAC generation and verification. Triple-DES support for the HSM will be available in July 2000. Upgrades for installed HSM's are also available at $2,000 per HSM. Zaxus, a Racal company, provides e-business security solutions to several thousand customers worldwide. Over half of the world's banks, together with the majority of the busiest stock exchanges, currently use Zaxus technology. Operating in three main markets - card payments, e-security and network security - Zaxus addresses the business security needs of corporates and governments alike. For more than 20 years the company has been at the forefront of security and payment technology, co-operating and contributing to set the industry standards used for financial transactions and electronic commerce globally. Visit the new Zaxus web site at http://www.zaxus.com |
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