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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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CBA opts for higher-level EFTPOS security By Steven Deare, ZDNet Australia December 07, 2005 URL: http://www.zdnet.com.au/news/security/soa/CBA-opts-for-higher-level-EFTPOS-security/0,130061744,139226448,00.htm
The Commonwealth Bank of Australia (CBA) has beefed up the size and security of its fleet of EFTPOS terminals by ordering 10,000 new units employing the Triple-DES (Data Encryption Standard) to protect electronic transactions. The CBA's custom-made EFTPOS (Electronic Funds Transfer at Point of Sale) terminals facilitate electronic transactions with merchant customers. This encompasses a range of purchases, from magazine subscriptions to ring tones. The deal -- for Keycorp's new K71X model -- is the the largest single order the CBA has made with the vendor and the first to include Triple-DES security. The CBA has already deployed 80,000 of the previous-generation K71 terminals. "The new generation K71 terminal has built on that strong foundation with support for a wide range of value-added services," said general manager, payment solutions, Rohan Ganeson. "There is a rapidly growing market for value-added services at the point of sale because they drive additional traffic to the stores."
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