I-S-Cubed Delivers World’s First Open, Multi-vendor Secure Key Management System for ATMs
San Jose, CA – May 24, 2004 – I-S-Cubed Inc. (iS3), a global provider of secure key management solutions for network-connected devices, today announced it will ship the world’s first open, multi-vendor secure key management system to a customer on May 28th, 2004. Partnering with Mosaic Software, the global transaction processing solutions provider, and Diebold, Incorporated, a global leader in providing integrated self-service delivery systems, security and services, I-S-Cubed will deliver SecureOMS ATMs to one of the nation’s largest credit unions. The 3DES-compliant system will be used to automatically update cryptographic keys on its fleets of ATMs, eliminating the need for the credit union to send teams of people to manually change them on each ATM individually. The system will also simplify and streamline security audits, producing a menu of reports and key management activity.
Current 3DES and Unique Key Per Device (UKPD) mandates require financial institutions and operators of ATMs to support 3DES keys and also to load unique keys to each ATM terminal. This is currently a manual process that is inefficient, time-consuming, expensive and insecure. I-S-Cubed’s unique solution, SecureOMS ATMs, can dramatically reduce operating costs in most installations by replacing that manual process with secure remote key management from the host location.
“Not only is this product shipment the first for our company focused on ATMs, it is the first time any product like it, with its open architecture and advanced feature set, has been delivered to a customer in the world,” said Joerg Ferchau, CEO of I-S-Cubed. “Now, financial institutions can feel confident that the keys to their network-connected devices are absolutely protected, while benefiting from the substantial cost savings provided by automatic secure key generation and delivery.”
Announced in November 2003, I-S-Cubed’s partnership with Mosaic was important not only for making sure SecureOMS seamlessly interfaced with its Postilion platform, but also resulted in a joint sale to this credit union. I-S-Cubed also worked with Diebold to utilize Diebold’s patented Remote Key Transport technology to ensure that the SecureOMS system supported Diebold machines.
“By integrating products such as Secure OMS with our Postilion platform, we generate significant competitive advantage in the industry,” said Chris Klein, executive vice president Mosaic Software. “We believe this shipment is the first of many joint sales to come.”
“With the increased focus on ATM security today, we recognized that partnering with I-S-Cubed would enable us to help financial institutions more easily and securely manage our ATMs,” said Sarah Johnson, Diebold vice president, Global Managed & Professional Services. “Together, our products can fulfill an important industry need.”
“Alliances with leading companies like Mosaic Software and Diebold are very important to our sales channel,” said Romano Durini, senior vice president of business development for I-S-Cubed. “Through these and other alliances with industry leaders, we ensure our products seamlessly interface with a financial institution’s legacy systems, while enabling them to comply with industry regulations, including 3DES today, and positioning them for easy compliance with upcoming mandates, such as unique key per device (UKPD).”
About Mosaic Software
Mosaic Software is a global EFT software company with offices in the United States, the United Kingdom, South Africa, and Australia. The company has over 500 installations in more than 40 countries, providing leading-edge software solutions to financial institutions, retailers, network processors, mobile operators, and portals.
Mosaic Software’s product, Postilion, is at the forefront of next-generation payment processing software. Postilion drives payments and other financial transactions through ATMs, POS terminals, phones, and Internet access points. This multi-channel architecture provides consistent cross-channel branding and integration, consolidated management information, integrated debit card management, EMV enablement, and loyalty software solutions.
Postilion reduces transaction processing costs, speeds time to market for new products and offerings, improves analysis of customer transactions and business opportunities, and increases profitability. For more information, visit http://www.mosaicsoftware.com.
About Diebold, Incorporated
Diebold, Incorporated is a global leader in providing integrated self-service delivery systems, security and services. Diebold employs more than 13,000 associates with representation in more than 88 countries worldwide and is headquartered in North Canton, Ohio, USA. Diebold reported revenue of $2.1 billion in 2003 and is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s web site at http://www.diebold.com.
About I-S-Cubed
I-S-Cubed Inc. is a global provider of secure cryptographic key management solutions for network-connected devices in the financial services, retail and enterprise markets. Responding to the complexity and expense of managing security for proliferating fleets of devices, I-S-Cubed developed SecureOMS(tm), the world’s first server-based security system that provides centralized security management for cryptographic keys, PINs, and devices. Comprised of proprietary software running on fault-tolerant hardware, SecureOMS automates and streamlines secure key management processes to substantially reduce the cost of operations, enhance organizational security, and enable regulatory compliance. I-S-Cubed also offers professional services to support customers with 3DES migration, security assessments, system architecture design and auditing/compliance courses. For more information, visit http://www.iscubed.com.