The third implementation of S.T.A.R.S. was successfully completed at the First International Bank of Israel.
The first phase of the implementation includes:
TRAFIC Client News….
- Complete automated handling of all the incoming SWIFT financial messages covering all the accounting process including credit of the customer.
- Automatic blocking and release of incoming funds according to the bank's profile and match of MT950 transactions.
TRAFIC Security News….
- Version 5 is distributed nowadays to our 200 clients (Import and Export companies). This version includes new modules and business activities (such as marine guarantees). In addition Version 5 fully complies with year 2000 support.
- New interfaces were developed for SAP, Power-Finance (Tadiran) and Yevuon.
In addition of securing the EDI messages by Digital Signatures (using RSA and Smart-card technology), A new Encryption system was developed in order to conceal the message data from any unauthorized persons.
The encryption module is offered to TRAFIC Clients and is already implemented in 70 TRAFIC installations.