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Link chooses Thales to secure all site-to-site transactions with Post Office as first customer

Tuesday 2 March 2004 20:34 CET | News

LINK Interchange Network (LINK) has chosen Thales e-Securitys wide area network IP encryption technology, Datacryptor( 2000, as a standard component in its high capacity, highly secure electronic transactions networks.
LINKs first customer to implement this technology is Post Office Ltd, which is using Datacryptor to securely connect to the LINK network to provide banking services. This enables customers of many banks and building societies to withdraw cash, or check their balance over the counter, free of charge at any of the 16,500 Post Office branches across the UK with just their bank card and PIN number. LINK is the busiest shared ATM network in the world, processing over two billion transactions per year for the UKs largest institutions and independent ATM deployers. Due to the amount of funds being transferred across the LINK network, ensuring the highest level of security of these transactions is crucial. P&C Communications, a Thales partner, worked with LINK for 18 months to develop and implement a solution that would meet the companys existing and future security requirements. As a result, Datacryptor 2000 was selected as the standard network security device for LINKs connections with its customers. The Post Office is the first company to benefit from the new solution, which ensures the highest level of confidentiality on data transferred between the Post Office computer network and LINK. The Datacryptor 2000 was chosen by LINK because of its reputation for providing the highest level of network security commercially available. The Datacryptor 2000 is already being used by some of the UKs largest banks not to mention the UK Government. As well as the devices ability to provide uncompromising security, LINK was also attracted by the fact that it offers a high level of future-proofing together with flexible remote management capability. Another key benefit of the Datacryptor 2000 solution crucial for LINK was the fact that while parts of a transaction are already encrypted, Datacryptor 2000 provides a final blanket encryption of all the IP data using the powerful 3DES algorithm. P&C Communications helped LINK design the encrypted network, which consists of Datacryptor 2000 devices on both LINKs and the Post Offices computer networks, ensuring that all data between the two networks is automatically encrypted. Over the period of 18 months, P&C Communications also provided project management and technical expertise during the installation as well as technical support and personnel training during the post installation process . With this technology in place, LINK can process secure electronic transactions to support the banking services offered at Post Office branches. The Post Office chose LINK because of its proven technological expertise in the transaction management arena and its existing infrastructure that links nearly every bank and building society in the UK.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce