The CryptoVend™ Card from CardLogix uses proven cryptography to secure the card against fraudulent use or duplication. This technology, Symmetric Key Processing (SKP) was developed to provide simple security at a low cost compared to applications where extreme sensitivity of data requires more elaborate and costly measures. High-volume retail and vending applications, such as pay telephones, laundromats and copy/PC centers, are ideally suited for card that is safer than cash or mag-stripe cards and secures relatively low cost transactions.

Cryptography is basically a set of mathematical algorithms used to implement security functions user access and protection against fraud. These functions are: Data integrity, Authentication, Non-Repudiation and Confidentiality. With SKP, a user is assigned a numeric value that is “hashed” via specific equation into a large 64bit number.

This hashing process produces a signer’s private “key” that uniquely opens access to card data and use. The Key, or Digital Signature Algorithm, must be matched to an issser’s version of this private key with data that exactly corresponds. When a precise match is achieved, the four security functions listed above are completed within nanoseconds. With the CryptoVend card, this involves a user inserting the card in a reader, then proceeding with a stored value transaction, for example, the purchase of ten copies at a self-serve copier.

Symmetrical Key Processing has been used for years within the industry-accepted Data Encryption Standard (DES) that conforms to millions of P.O.S. card readers currently installed. With the CardLogix CryptoVend Card, Issuers can create a streamlined, secure vending system that users can easily access.

Preliminary Information - All information is preliminary, and CardLogix retains the right to change and/or withdraw any portion without notice. This document and its contents are covered under US register laws, all rights reserved.