TRASEC: Belgian security system for electronic funds transfers |
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| Affiliation: | 2. Technische Universität München, Munich, Germany;3. SAP, Karlsruhe, Germany;1. Danish Pain Research Center, Aarhus University Hospital, Denmark;2. Dept. of Health Science and Technology, Aalborg University, Denmark;3. Dept. of Neurology, Mayo Clinic, Rochester, MN, USA;4. Dept. of Neurology, Aarhus University Hospital, Denmark |
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| Abstract: | The Belgian banking community has designed a standard security system TRASEC (TRAnsmission SECurity) for EFT (Electronic Funds Transfer) between corporate customers and all financial institutions, which will become operational by the end of 1987. TRASEC ensures the integrity and authentication of EFT in an automated environment and is easily integrated in the actual banking procedures. The system is independent of the transfer medium, the application, and the configuration and type of the computers of the customer and the financial institution. The customer's system consists of a condensing module and an authentication module. The condensing module is a one-way-function, implemented as a program on the customer's computer, which condenses a transfer file to a digest. The digest is the input of the authentication module, which calculates a digital signature (MAC). This authentication module is a smart card which contains the message authentication algorithm based on DES, password management, secret keys, passwords, sequence number, etc… |
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