Tranax Announces New Security Software; Requiring the End User to Change the Default Password before Activating the System

Fremont, CA (PRWeb) December 16, 2006 -- Tranax Technologies, a leading developer of automated teller machines (ATMs) and self-service kiosks, announced the release of a new application software solution to help prevent unauthorized access to Tranax ATM terminals and operator menus.

The new firmware, when loaded onto Tranax ATMs, will require the end user to change the default master password before being allowed to bring the terminal 'in service'. The software solution also causes any alteration of cash denomination settings to erase the ATM's master keys, the unique 64-digit security numbers required for operation. Master keys are only provided by the host processor, the network which handles transaction information, and are loaded into the ATM during initial programming. This way if someone gains illegal access to the ATM's master password and attempts to tamper with the denomination values, the system will shut down until new master keys can be issued and entered.

"Raising awareness of ATM security, meeting or exceeding the industry standard practices, is very important to Tranax," said John MacDougall, Product Manager, Retail ATM Products. "We're trying to make it very inconvenient for someone to perpetrate fraud."

Background
Tranax initiated the new security software in response to a breach of one of its systems at a gas station in Virginia Beach this summer. It is believed that incident resulted from a failure to adequately protect the master password, or from not changing the password from its default. The new security application is meant to address that problem.

The company will also continue to use its multi-tiered password protection system, considered best practice in the ATM industry. This graduated system allows customers to provide only limited access to most ATM operations so that employees can do their work, check logs, reports and run diagnostics, with minimum security risk.

The high-value, Tranax Mini-Bank ATMs are the retail industry's top selling ATM and Self Service hardware platform, with some 75,000 ATMs in North America. The Mini-Bank c4000 is considered its "best-in-class" product combining both ATM and self-service functionality.

About Tranax Technologies (www.tranax.com)

Tranax leads the ATM and self-service industry in the design, development, manufacture, and sale of self-service technology to the retail, banking, hospitality, entertainment, and gaming industries. The Fremont, CA-based company was founded in 1986 by Dr. Hansup Kwon.

Contact Information:
Charles Flanagan
Marketing Communications
Tranax Technologies
510/770-2227 x408

Robin D. Stavisky
New Venture Marketing
650/858-1070

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