News

Banco Guayana deploys Trusted Security Solutions' A98 remote key loading system

November 17, 2008

PUERTO ORDAZ, Venezuela - Trusted Security Solutions Inc., a provider of secure ATM key-management solutions, has announced that Banco Guayana, one of the most progressive banks in Venezuela, has successfully installed the A98 ATM Remote Key System to ensure ATM key management, boost ATM security and guarantee compliance with important network standards such as VISA and Mastercard. Banco Guayana is one of a growing number of banks across the globe implementing remote key loading. Remote key loading deploys public cryptography and is universally recognized as the most secure method to establish the initial encrypting key in ATMs. As a result of more than 50 years of consistent growth, Banco Guayana has installed more than 100 ATMs throughout Venezuela. Banco Guayana's operations management team desired a centralized system of managing the process of deploying and maintaining unique initial cryptographic keys in all Banco Guayana ATMs, ensuring strict security standards are met. The A98 ATM Remote Key System is not only centralized and free from reliance on manual methods to establish keys in ATMs, but it also is "state of the art" and meets and exceeds the compliance standards set by the new executive directives from the "Superintendencia de Bancos de Venezuela" (SUDEBANK).

Trusted Security Solutions' A98 system now allows Banco Guayana to change the initial encrypting key in any ATM easily any time it wishes. No visit to the ATM is required. The A98 stands as one of Banco Guayana's most valued ATM network tools, allowing for complete compliance, while also eliminating key-management concerns of fraudulent data capture through collusion or mishandling of paper key components.

"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 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."

"Strict security standards serve as a continuous driver for A98's growth, while we also couple dramatic operational efficiencies that are immediately felt by a financial institution's ATM administrators," said Dennis "Abe" Abraham, president of Trusted Security Solutions. "Trusted Security Solutions is honored to play an important role in Banco Guayana's growth in new branch and ATM deployment."