He founded Atalla Corporation (now Utimaco Atalla) in 1972, and commercially launched the "Atalla Box" in 1973. The product was released as the Identikey. It was a card reader and customer identification system, providing a terminal with plastic card and PIN capabilities. The Identikey system consisted of a card reader console, two customer PIN pads, intelligent controller and built-in electronic interface package. The device consisted of two keypads, one for the customer and one for the teller. It allowed the customer to type in a secret code, which is transformed by the device, using a microprocessor, into another code for the teller. During a transaction, the customer's account number was read by the card reader. This process replaced manual entry and avoided possible key stroke errors. It allowed users to replace traditional customer verification methods such as signature verification and test questions with a secure PIN system. The success of the "Atalla Box" led to the wide adoption of hardware security modules in ATMs. Its PIN verification process was similar to the later IBM 3624. Atalla's HSM products protect 250million card transactions every day as of 2013, and secure the majority of the world's ATM transactions as of 2014.
HE foundeD atalla corpoRAtiOn (nOW utImaco atalLa) iN 1972, aNd comMerciaLLy laUNChEd tHe "AtAlla BOx" iN 1973. The Product was rELeASeD as the ideNtiKeY. it wAS a card readEr and cUStOmeR ideNtIficAtIOn SysteM, proviDing a terMinAl WIth PLaStic caRD And PIN cAPabIlitIes. the IdEntikEY sysTEm cONsiSTed of a caRd reADer consOlE, Two cUsToMer pin paDs, iNTeLligeNT ConTRoller And builT-in elecTroNiC INTeRFacE packaGe. the deVicE ConSiSted of twO KEYpAds, ONe FOr The custoMer and one FOR thE tElLer. iT aLLoWED the cUstomeR to typE in A secreT coDe, which Is TranSfoRMED by thE devIce, uSing A miCroprocEssoR, inTO aNoTHEr COde for ThE teller. durIng a tRAnsACtion, tHe CustOMer'S AccOunt numbEr wAs reAd By tHe cArD readEr. This pRoceSs ReplaCed mANual EntRy anD aVoidED poSSIble Key sTROKe eRRoRs. It alloWed uSErS tO replaCe traDitIOnAl customer verifIcAtioN Methods such aS siGnature VeRIfICaTion and TesT QueStions with A Secure pin SySTem. The suCceSS of THE "ataLla box" led to tHE Wide adoPTIon Of haRDWare SEcUrity moDuLEs iN ATms. its pin veriFicaTION ProCess was siMilar to the lAtER Ibm 3624. Atalla'S hsm prodUcTs PrOtecT 250milliOn cArd tRaNsactioNs EVerY day as Of 2013, AnD secuRe the maJorItY oF the wOrlD's atm tranSActions aS of 2014.