CBA opts for higher-level EFTPOS security

The Commonwealth Bank of Australia (CBA) has beefed up the size and security of its fleet of EFTPOS terminals by ordering 10,000 new units employing the Triple-DES (Data Encryption Standard) to protect electronic transactions. The CBA's custom-made EFTPOS (Electronic Funds Transfer at Point of Sale) terminals facilitate electronic transactions with merchant customers.

The Commonwealth Bank of Australia (CBA) has beefed up the size and security of its fleet of EFTPOS terminals by ordering 10,000 new units employing the Triple-DES (Data Encryption Standard) to protect electronic transactions.

The CBA's custom-made EFTPOS (Electronic Funds Transfer at Point of Sale) terminals facilitate electronic transactions with merchant customers. This encompasses a range of purchases, from magazine subscriptions to ring tones.

The deal -- for Keycorp's new K71X model -- is the the largest single order the CBA has made with the vendor and the first to include Triple-DES security. The CBA has already deployed 80,000 of the previous-generation K71 terminals.

"The new generation K71 terminal has built on that strong foundation with support for a wide range of value-added services," said general manager, payment solutions, Rohan Ganeson.

"There is a rapidly growing market for value-added services at the point of sale because they drive additional traffic to the stores."

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