High coercivity encoding has been incorporated into the new HiCo ATMjr plus CAS (Card Activation System), announced Dr. Ernest Burdette, president of Triton Systems, the leader in the off-premise ATM market. The ATMjr plus CAS is used by financial institutions to assist them in increasing ATM card usage and to provide a means for instantly issuing ATM cards to their customers.
Triton has introduced several advancements in technology for financial card issuance, and this role continues with the HiCo ATMjr plus CAS, according to Dr. Burdette. The new model incorporates many advanced hardware and software features, including auto-selectable high or low coercivity encoding, support for multiple card formats, and field replaceable battery. “We have taken the system that hundreds of institutions rely on and made it even better, making daily operation by banks more efficient and secure,” Burdette said.
High coercivity, a new magnetic stripe technology being introduced to the financial card industry, offers increased security to card issuers and cardholders. HiCo encodes a card’s magnetic stripe with a higher magnetizing force, making it more resistant to erasure. Accidental erasure is the cause of up to two-thirds of card reissues on existing low-coercivity (LoCo) cards. The new HiCo feature on the ATMjr plus CAS decreases maintenance costs and increases customer satisfaction.
VISA mandated the switch to high coercivity magnetic stripes on all issuer’s cards by July 1, 1998. All major card members have committed to support this standard. The HiCo ATMjr plus CAS can issue and encode the new high coercivity magnetic stripes used by all major card members. The new HiCo ATMjr plus CAS continues to support encoding and issuance of existing low coercivity cards.
Since 1989, financial institutions have made the ATMjr plus CAS the most popular combination of card activation and ATM customer demonstrations. Functions of the ATMjr plus CAS include instant ATM card issuing, customer-selected PINs, PIN changes, ATM demonstrations, card diagnostics and offset calculations, with support for DES, Visa DES, and Diebold algorithm encryption method.
About Triton Systems
Triton Systems is the nation’s leading manufacturer of cash-dispensing ATMs for off-site locations, the fastest growing segment of the ATM market. As one of the “Big Three” manufacturers of ATMs and ATM management software, it was named the 30th fastest growing company in the U.S. by Inc. Magazine in its October, 1997 “Inc. 500” ranking.
Triton’s product line includes the 9500 and 9600 series cash-dispensing ATMs, Triton Connect Software Package for accessing and controlling ATMs from a centralized location, ATMjr Demonstrators and Card Activation System for financial institutions, miniATM Scrip Terminal, and VendMate, a new peripheral that transforms Triton ATMs into a vending site for tickets, phone cards and other items.Details