Metavante performs secure remote key distribution on two platforms
Eliminating a manual, time-consuming encryption key distribution process that has been in place since the 1970's, Metavante Corporation today announced it has securely delivered remote key distribution technology to financial institution clients using Triple DES-enabled ATMs supplied by NCR Corporation and Diebold, Incorporated. Metavante is the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI).
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Remote key distribution allows Metavante to securely generate encryption keys from its automated system, then send the encryption keys directly to the financial institution's ATM. Previously this process was manual and required multiple individuals, from Metavante and the requesting bank, to generate, deliver and install encryption keys to each individual ATM.
"With the advancement of this technology, Metavante is again setting a proactive example of being responsive to our clients by providing an ATM solution that offers substantial cost-savings, reduces the potential for human error, and increases uptime and security," said Frank D'Angelo, executive vice president, Metavante Electronic Funds Group. "We are the first provider in the industry to have implemented this technology on two different ATM platforms. We have successfully completed this process with clients, including M&I Marshall & Ilsley Bank, Milwaukee."