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Pleasant Hill, CA, April 18, 2006
Algorithmic Research (ARX), a leading worldwide provider of electronic signatures and data security solutions, has implemented PrivateServer™ HSM (Hardware Security Module) appliances based solution at Volvo Financial Services’ European headquarters.
PrivateServer provides Volvofinans Konto with an integrated solution that enables it to distribute a new install base of payment cards that are compliant with the emerging EMV standard.
Volvofinans Konto is currently using the PrivateServer HSM to prepare data for integration with the new payment cards. "As the Swedish Volvo Dealers finance arm, we support the dealers’ product range with financing, card and insurance offerings," says Johan Palmquist, Smart Cards manager at Volvofinans Konto. "ARX has provided a solution that is secure and flexible, offering the high performance Volvofinans needs to meet the group's payment card requirements."
Commenting on these requirements, Ezer Farhi, VP of R&D, ARX, says PrivateServer is a highly secure (FIPS 140 level 3 validated), tamper evident hardware device. "We incorporate strict security measures to protect highly sensitive data; all sensitive operations are performed within PrivateServer’s trusted environment," explains Farhi.
ARX’s HSM technology also offers superior performance of both symmetric and asymmetric cryptographic operations. PrivateServer achieves 2000 symmetric transactions per second and up to 150 RSA signatures per second. PrivateServer’s high performance capabilities allow Volvo to reduce costs by reducing the total number of HSM’s required.
An additional benefit is PrivateServer’s ability to ensure Volvo is kept up-to-date with the latest EMV standards releases within a very short time. Further flexibility is enabled by the customizable PrivateServer modules developed by Farhi’s team at ARX.
ARX PrivateServer HSM is already in use in financial applications worldwide including Setefi of the Intesa Banking Group, Polcard, Cetrel, G&D Spain and Getronics, among others. |
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About Volvofinans
AB Volvofinans is an authorized credit market company working with sales financing via the Swedish Volvo dealerships. AB Volvofinans is owned by the Swedish Volvo dealerships via its investment company AB Volverkinvest (50%) and Ford via the subsidiary Ford Credit International Inc. (50%).
AB Volvofinans is the Parent Company of the Volvofinans Group.
Volvofinans Konto AB, is an authorized credit market company, which conducts credit card operations. Volvofinans IT AB, conducts IT- and production operations in conjunction with financial services.
For more information, visit www.volvofinans.se. |
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About PrivateServer
PrivateServer is ARX’s highly secure (FIPS 140-2 Level 3), network attached, Hardware Security Module (HSM) that provides a secure environment for data encryption. PrivateServer conducts sensitive cryptographic operations, secure key storage, and management of a large number of keys. For more information visit http://www.arx.com/products/private-server-hsm. |
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About ARX
Algorithmic Research (ARX) is a leading global provider of electronic-signature and data-security solutions. ARX engineers and scientists have more than 20 years of experience in security-related applications. ARX helps businesses secure, streamline, and scale their business processes and transactions with the proper controls required by legislation, regulation, and industry best practices. Visit us at http://www.arx.com. |
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PrivateServer is a trademark of Algorithmic Research Ltd. All trade names and trademarks are the property of their respective holders. |
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