17 October 2017

RSA secures Guatemalan payment gateway

01 November 2000  |  831 views  |  0 RSA secures Guatemalan payment gateway

Bancared, an electronic payments network for financial institutions and the central government of Guatemala has licensed RSA Keon Advanced PKI software, to support its ambitions to become a national Certification Authority.

Bancared says it plans to use the technology to provide the e-commerce and public key infrastructure security needed to support tax reporting and payment for major corporations in Guatemala.

"With RSA Keon software installed at Bancared, Guatemala will have a local institution that provides digital certificates, allowing 128-bit encryption for secure electronic transactions," says Otto Knoke, general manager of Bancared. "In the first phase of RSA Keon software deployment, our system is going to be targeted at major corporations. In our second phase, we intend to expand our secure electronic services to smaller companies and members from our affiliated partners."

Under the proposed infrastructure, Guatemalan corporations will request a digital certificate from Bancared, which will then send the request to the national tax agency. The administrator at the agency relies on RSA Keon Desktop software with a smart card to review and approve the information and the request. Once a request has been approved, Bancared issues a digital certificate, enabling corporations to securely send tax reports and payment transactions to the Superintendencia de Administracion Tributaria (SAT) over a private banking network.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14851 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8147 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7470 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6768 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6113 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job