- Email: [email protected]
Telephone and transaction terminal
EFT security system A maximum security system for electronic funds transfers for the banking and financial services has been announced by ADP Network Services, who developed the system in conjunction with Midland Bank and Open Computer Security. (OCS). A bank customer can now initiate a transfer of funds electronically to any selected beneficiary from a standard terminal, and the system provides an end-to-end message authentication service compatible with public networks and standard timesharing terminals. At the heart of the system is a microprocessor 'black box', designed for ADP by OCS. Microprocessors at the sending and receiving sites authenticate and
International text network Most businesses need text-related services in one form or another, and a service offering translation, word processing, transcription and typesetting has now been developed by Language and Artwork Ltd. This international text network, known as Textnet, utilizes electronic mail, and its subscribers can access the service from practically any micro, personal computer or word processor. The Textnet system has been developed in close collaboration with Telecom Gold, the European electronic mail service, which is backed by British Telecom and linked internationally to Dialcom via its international mail facility. Textnet subscribers therefore also have access to the range of Telecom Gold facilities, including telex, radio, paging, telemessage, phone messaging, etc. (Language and Artwork Ltd., 10 St Cross Street. London ECIN SUB, UK) []
vol 7 no 5 october 1984
check financial communications using the Data Encryption Standard (DES) algorithm. The necessary key management is accomplished with a combination of DES and RSA, the public key cryptography method of Rivest, Shamir and Adleman. The system allows companies to transmit fully authenticated nonrepetitive electronic funds transfers from their own offices, using
a typical cash-management or personal-computer terminal. The service will provide companies with greater flexibility in EFT in any currency to any beneficiary worldwide and will ensure end-toend security of messages transmitted. (ADP Network Services Ltd., 179-193 Great Portland Street, London WlN 5FD, UK. Tel: 01-637 1355) []
Telephone and transaction terminal A multifeature telephone and transaction terminal, which permits rapid and discrete credit verification at point of sale, has been announced by Ferranti GTE. Encoded information on the credit or cheque guarantee card is deciphered by a magnetic strip reader before the terminal, known as the Datea 2000, automatically communicates with the host computer of the card-issuing company. This communication takes place over ordinary telephone lines or the
British Telecom Packet Switch Stream network (PSS) to give current information on the card. Designed to cope with future developments, Datea 2000 may be fitted with a pin pad and hard copy printer - - in which mode the instrument is being used in an electronic funds transfer scheme in Belgium with two major banking organizations. (Ferranti GTE Ltd., St. Mary's Road, Moston, Manchester, M10 OBE, UK. Tel: 061-682 4000, Telex: 667857) []
Videotex loan approval service The promise of 'instant credit' has taken on new meaning in France. Intelmatique, the marketing agency for French telecommunications products, has announced that the latest professional application for France's national videotex system, Teletel, is a 24 h, online, credit checkingand loan approval service. Using a Minitel (the standalone videotex terminal), retailers can now check an applicant's credit rating, calculate monthly payments, principal and interest, and issue a loan contract in less than five minutes. The service has been installed at more than 2 300 retail shops throughout France by a company known as Cetelem, a subsidiary of the Compagnie Bancaire Group. The heart of the system is Cetelem's prime 750 minicomputers, which are accessed by the
Minitels via Primenet and Transpac, the national packet switching network. Cetelem also has proprietary 'credit scoring' software, which rates applicants and checks them against its risk file, a type of credit blacklist. An applicant's credit information is sent through the Minitel to the Cetelem videotex centre. Based on the customer's outstanding debt, income and other responsibilities, a financing plan, which includes credit rates and monthly payments, is offered to the customer. If accepted, the customer's credit rating is assessed and, if approved, the printer attached to the Mintel issues the credit contract at the agreed terms. (Young & Associates, 6187 Executive Blvd., Rockville, MA 20852, USA. Tel: (301) 984 8586, Telex: 908798 YOUNGTEL) []
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International text network Most businesses need text-related services in one form or another, and a service offering translation, word processing, transcription and typesetting has now been developed by Language and Artwork Ltd. This international text network, known as Textnet, utilizes electronic mail, and its subscribers can access the service from practically any micro, personal computer or word processor. The Textnet system has been developed in close collaboration with Telecom Gold, the European electronic mail service, which is backed by British Telecom and linked internationally to Dialcom via its international mail facility. Textnet subscribers therefore also have access to the range of Telecom Gold facilities, including telex, radio, paging, telemessage, phone messaging, etc. (Language and Artwork Ltd., 10 St Cross Street. London ECIN SUB, UK) []
vol 7 no 5 october 1984
check financial communications using the Data Encryption Standard (DES) algorithm. The necessary key management is accomplished with a combination of DES and RSA, the public key cryptography method of Rivest, Shamir and Adleman. The system allows companies to transmit fully authenticated nonrepetitive electronic funds transfers from their own offices, using
a typical cash-management or personal-computer terminal. The service will provide companies with greater flexibility in EFT in any currency to any beneficiary worldwide and will ensure end-toend security of messages transmitted. (ADP Network Services Ltd., 179-193 Great Portland Street, London WlN 5FD, UK. Tel: 01-637 1355) []
Telephone and transaction terminal A multifeature telephone and transaction terminal, which permits rapid and discrete credit verification at point of sale, has been announced by Ferranti GTE. Encoded information on the credit or cheque guarantee card is deciphered by a magnetic strip reader before the terminal, known as the Datea 2000, automatically communicates with the host computer of the card-issuing company. This communication takes place over ordinary telephone lines or the
British Telecom Packet Switch Stream network (PSS) to give current information on the card. Designed to cope with future developments, Datea 2000 may be fitted with a pin pad and hard copy printer - - in which mode the instrument is being used in an electronic funds transfer scheme in Belgium with two major banking organizations. (Ferranti GTE Ltd., St. Mary's Road, Moston, Manchester, M10 OBE, UK. Tel: 061-682 4000, Telex: 667857) []
Videotex loan approval service The promise of 'instant credit' has taken on new meaning in France. Intelmatique, the marketing agency for French telecommunications products, has announced that the latest professional application for France's national videotex system, Teletel, is a 24 h, online, credit checkingand loan approval service. Using a Minitel (the standalone videotex terminal), retailers can now check an applicant's credit rating, calculate monthly payments, principal and interest, and issue a loan contract in less than five minutes. The service has been installed at more than 2 300 retail shops throughout France by a company known as Cetelem, a subsidiary of the Compagnie Bancaire Group. The heart of the system is Cetelem's prime 750 minicomputers, which are accessed by the
Minitels via Primenet and Transpac, the national packet switching network. Cetelem also has proprietary 'credit scoring' software, which rates applicants and checks them against its risk file, a type of credit blacklist. An applicant's credit information is sent through the Minitel to the Cetelem videotex centre. Based on the customer's outstanding debt, income and other responsibilities, a financing plan, which includes credit rates and monthly payments, is offered to the customer. If accepted, the customer's credit rating is assessed and, if approved, the printer attached to the Mintel issues the credit contract at the agreed terms. (Young & Associates, 6187 Executive Blvd., Rockville, MA 20852, USA. Tel: (301) 984 8586, Telex: 908798 YOUNGTEL) []
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