Trusted Security Solutions, Inc.
PRESS RELEASE
Company Contact
David Pharr
Trusted Security Solutions
dpharr@trustedsecurity.com
704.849.0036 x111
FOR IMMEDIATE RELEASE
Threshold Financial Technologies Deploys Trusted Security Solutions’ A98 ATM Key Management System
Charlotte, North Carolina, September 23, 2008 – Trusted Security Solutions, Inc., a leading provider of secure ATM key management solutions, announced today that Ontario-based Threshold Financial Technologies Inc. (Threshold) has successfully installed the A98 ATM Key Management System which enhances ATM security and guarantees compliance with important network standards such as Interac ®, VISA® and MasterCard®.
Threshold owns and operates its own ATM network and also provides outsourced and fully managed ATM solutions to financial institutions and major retailers across Canada.
A98 provides an innovative and patented approach for establishing a unique initial key in all ATMs throughout Threshold’s network. A98 is a vital tool for Threshold to not only gain full compliance, but also to reduce logistical demands and costs associated with traditional key management methods.
“2008 has been a year of significant expansion and great success for our company. The integration of the A98 Key Management System in our eastern and western Canadian data centers relieves our security personnel from the arduous task of key creation, dissemination, and tracking,” said Matthew McIver, President of Threshold. “As we continue to grow, Threshold is investing in best-in-class systems and infrastructure in order to deliver service excellence to our valued customer base; the addition of the A98 system is a welcome addition to our growing stable of first-rate tools and products.”
“Offering Threshold a unique combination of security, convenience and efficiency, A98 provides financial processors with a clear-cut answer to efficiencies required to be competitive while at the same time addressing the strict security standards existing for financial networks,” said Dennis “Abe” Abraham, President of Trusted Security Solutions. “We’re pleased to announce Threshold as one of our A98 customers and provide a valuable service to such a progressive company.”
About A98 ATM Initial Key Establishment System
Trusted Security Solutions’ flagship product, the A98 ATM Initial Key Establishment System, stands as one of the most respected secure ATM key management systems worldwide. Used as the initial key source for more than 200,000 ATMs, the A98 is a trusted tool for addressing ATM security requirements, including compliance with ANS X9.24 and other network standards. A98 offers one system that provides efficient, compliant and comprehensive key management for all ATMs. Through patented technology, A98 allows all sizes of financial institutions and processors to eliminate non-compliant global keys replacing them with unique double length triple DES keys using Comvelopes©. A98 also allows organizations to do away with the traditional use of paper components and manual logs altogether – all through automated remote key generation, distribution and loading. For more information on the A98 ATM Initial Key Establishment System, visit www.trustedsecurity.com/a98overview.htm.
About Threshold Financial Technologies Inc.
Threshold Financial Technologies Inc. is a wholly owned subsidiary of Versent Corporation ULC, a privately owned Canadian company with more than 850 employees throughout North America. Threshold has been actively involved in the payments industry since 1997, providing leading edge, EFT processing and ATM solutions to Canadian retailers and financial institutions. The Company has existing relationships with a broad range of banks and credit unions including Meridian Credit Union, Alterna Savings Credit Union, All Trans Financial Services Credit Union, and ING Bank, as well as some of Canada’s largest retailers such as Sobeys, A&P, Costco Wholesale Canada, and Husky Energy. Additionally, Threshold has been selected by Central 1 Credit Union as its central node operator and as the Central Switch Provider (CSP) for THE EXCHANGE® network in Canada. For more information, see www.threshold-fti.com.
About Trusted Security Solutions
Trusted Security Solutions, Inc. (TSS) is a leading provider of secure financial transaction processing solutions for ATMs. For more than 10 years, TSS technology has led the industry in innovatively addressing ever-growing ATM security and compliance demands through its secure ATM key management solutions. Serving institutions that manage cryptographic keys for ATMs, Trusted Security Solutions’ A98 ATM Initial Key Establishment System ensures compliance with ANSI and ISO standards. A98’s patented technology has established itself as the de facto industry standard for ATM key generation and distribution. TSS also provides outsourcing, consulting and training services to selected clients. Privately held, TSS is headquartered in Charlotte, North Carolina. Visit www.trustedsecurity.com.
©2008 Trusted Security Solutions, Inc. All rights reserved. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.
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