PUERTO ORDAZ, Venezuela — Trusted Security Solutions Inc., provider of secure ATM key management solutions, has installed its A98 ATM remote key system for Banco Guayana in Venezuela.
According to a news release, the bank installed the system to ensure ATM key management, boost ATM security, and guarantee compliance with network standards implemented by VISA and MasterCard.
Trusted Security Solutions, also known as TSS, says Banco Guayana is one of a growing number of banks across the world that is implementing remote key loading. Remote key loading deploys public cryptography and is recognized as the most secure method to establish the initial encrypting key in ATMs.
Banco Guayana has installed more than 100 ATMs throughout Venezuela and therefore was looking for a way to centrally manage the process of deploying and maintaining unique initial cryptographic keys. The A98 ATM remote key system is centralized and does not rely on manual methods to establish keys in ATMs, helping Banco Guayana comply with new executive directives from the Superintendencia de Bancos de Venezuela, SUDEBAN.
"With the SUDEBANK's directive to increase security standards in placing encrypting keys in ATMs, we wanted to implement not only a compliant solution, but one that was that was the most advanced and secure available today," said Bernardo Kabche, presidente ejecutivo of Banco Guayana. "The A98 remote key system met these requirements and we are pleased that it is now installed and operational."
