text: In 1972, Atalla filed  for a remote PIN verification system, which utilized encryption techniques to assure telephone link security while entering personal ID information, which would be transmitted as encrypted data over telecommunications networks to a remote location for verification. This was a precursor to telephone banking, Internet security and e-commerce.
  At the National Association of Mutual Savings Banks (NAMSB) conference in January 1976, Atalla announced an upgrade to its Identikey system, called the Interchange Identikey. It added the capabilities of processing online transactions and dealing with network security. Designed with the focus of taking bank transactions online, the Identikey system was extended to shared-facility operations. It was consistent and compatible with various switching networks, and was capable of resetting itself electronically to any one of 64,000 irreversible nonlinear algorithms as directed by card data information. The Interchange Identikey device was released in March 1976. It was one of the first products designed to deal with online transactions, along with Bunker Ramo Corporation products unveiled at the same NAMSB conference. In 1979, Atalla introduced the first network security processor (NSP).
  In 1987, Atalla Corporation merged with Tandem Computers. Atalla went into retirement in 1990.
  As of 2013, 250million card transactions are protected by Atalla products every day.