RSA SecurID(R) Authentication Solutions to Help Secure Real Time Gross Settlement System
BEDFORD, Mass., March 8 /PRNewswire/ — RSA Security Inc. (Nasdaq: RSAS), the most trusted name in e-security, today announced that the Deutsche Bundesbank will use its RSA SecurID(R) authentication solutions to enable secure communication with the information and control module of the bank’s new large-value euro payment system RTGS(plus) (Real Time Gross Settlement System).
The Deutsche Bundesbank chose RSA Security for this new application based on the bank’s experience as an existing RSA Security customer and because RSA Security solutions are already successfully implemented in numerous credit institutions throughout Germany and Europe. Additional factors in the decision-making process were the ease of use and scalability RSA Security’s products are designed to deliver.
“We appreciate the significance of the trust the Deutsche Bundesbank has placed in RSA Security,” said Scott Schnell, senior vice president of marketing and corporate development at RSA Security. “E-security solutions are an essential component of every trusted online business environment, and RSA Security has built its reputation as the most trusted name in e-security by helping to enable new applications such as the Bundesbank’s innovative new electronic funds transfer system.”
RTGS(plus) — the new System of the Deutsche Bundesbank for large-value euro payments
The new system for large-value euro payment transactions, RTGS(plus), is the response of the Deutsche Bundesbank to the dynamic changes, new requirements and the substantial change in the European payment scene. RTGS(plus) not only provides innovative payment processing, but real-time-information and interactive change of all control parameters through browser-technology. Financial institutions require maximum system security for all transactions via RTGS(plus)-system. Every credit institution or investment firm located in the European Economic Area is legally allowed to directly access the system; other banks may participate indirectly. The RTGS(plus)-payment-system is scheduled to go live on September 3rd of 2001.
About RSA Security Inc.
RSA Security Inc., the most trusted name in e-security(TM), helps organizations build secure, trusted foundations for e-business through its RSA SecurID(R) two-factor authentication, RSA BSAFE(R) encryption and RSA Keon(R) digital certificate management systems. With more than a half billion RSA BSAFE-enabled applications in use worldwide, more than eight million RSA SecurID users and almost 20 years of industry experience, RSA Security has the proven leadership and innovative technology to address the changing security needs of e-business and bring trust to the new, online economy. RSA Security can be reached at www.rsasecurity.com.