Al Ansari opt for secure access

Al Ansari Exchange, one of the Middle East’s largest exchange houses, has chosen Comtrust’s SecureAccess solution for its new online remittance service.

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By  Andrew Picken Published  June 8, 2003

Al Ansari Exchange, one of the Middle East’s largest exchange houses, has chosen Comtrust’s SecureAccess solution for its new online remittance service.

The new service is called cash express and involves securely connecting Al Ansari’s Abu Dhabi office, where remittance transactions are authorised; a server site, where the application is run; and the intermediate server, hosted by Comtrust, connecting cash express to the internet.

“In the past, communication between exchange houses and their agents was conducted via e-mails, faxes and telexes. These means are both costly and insecure. Our goal was to develop a secure internet-based communication system allowing rapid processing of remittance requests,” said Mr. Mohammad Al Ansari, managing director of Al Ansari Exchange.

Based on the public key infrastructure technology, SecureAccess uses digital certificates to authenticate individuals and organisations. “We designed our SecureAccess solution for organisations, such as Al Ansari Exchange, that need to authenticate user identities and authorise transactions using completely secure lines of communication over the internet. SecureAccess uses a 128-bit encryption which means each number used in the encoding of information has a possible 2128 different combinations,” said Ahmad Abdul Karim Julfar, general manager, Comtrust.

Ansari added: “as we deal with the financial details of customers, we needed iron clad security. It was imperative that cash express be only accessed and used by pre-approved and pre-registered agents and correspondents of Al Ansari Exchange. Comtrust’s SecureAccess solution allowed us to accomplish this.”

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