View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 19, 1987


By CBR Staff Writer

General Electric’s GE Information Services has signed a co-operative marketing agreement with Racal-Guardata Ltd to sell a UK-developed hardware security system with its worldwide network services. The system, which Racal developed initially for GE’s Money Transfer System, is pres-ented by Racal-Guardata as a predecessor to the forthcoming Super Smart Card and competitor to the existing ones, and is designed to prevent criminal tampering with electronic funds transfer over GE’s network. Racal will sell the system separately in the US through a new company based in Orange County, California, Racal-Guardata Inc, and says it is talking to banks and network operators worldwide about the system. It consists of a plug-in tamper-resistant Personal Computer board or a fault-tolerant security module peripheral for mainframes – dubbed Watch-word and launched last July as an access control device, and is used as a personal identification device to authorise a transaction. It is based on the ANSI data encryption algorithm standard. The system costs around $2,500 for a Personal Computer package and $10,000 to $30,000 for a mainframe package. Managing director of GE’s International Banking and Financial Services, Jamie Graham, said that network costs to the user will be reduced using the security system because processing is distributed to the back office processor rather than in the network.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy