BROKAT Promoting Initiatives To Tighten Security and Reduce Fraud for Online Transactions.ATLANTA--(BUSINESS WIRE)--Feb. 17, 1999-- BROKAT Brokat AG was a software company based in Stuttgart, Germany. Former names were BROKAT Informationssysteme GmbH and BROKAT Systems. It was founded and led by Stefan Roever. Demonstrates a Strong Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. Solution at Intel(R) Pentium Pentium Family of microprocessors developed by Intel Corp. Introduced in 1993 as the successor to Intel's 80486 microprocessor, the Pentium contained two processors on a single chip and about 3.3 million transistors. (R) III Processor Preview Day BROKAT Infosystems AG, the leading provider of software for secure e-banking and e-business, announced support today at the Intel(R) Pentium(R) III Processor Preview Day for Intel's Pentium III The successor to the Pentium II from Intel. Introduced in the spring of 1999 at 500 MHz, the Pentium III architecture was similar to the Pentium II with the addition of 70 new instructions optimized for multimedia (see SSE). processor. At the event, BROKAT demonstrated an authentication solution for corporate banking based on BROKAT's e-services platform Twister(tm) and the Pentium III processor serial number feature. "For businesses offering products and services over new electronic channels, such as the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the or mobile phones, identifying their customers with certainty will end consumer fraud and cut the cost of doing business with customers you can't see," said David Luther, vice president of marketing and business development for BROKAT US. "This new security feature from Intel allows an organization to authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. the person as well as the machine. We support the steps that Intel is taking to strengthen the identification process and improve security for business conducted on the Internet." "As a leader for secure online business solutions, BROKAT has been an innovator in making electronic transactions even safer. BROKAT is the first company delivering corporate banking solutions based on Pentium III processor security feature," said Albert Teng, Intel Director of New Technologies/Businesses. "Because BROKAT's Twister e-services product focuses on secure delivery of a business's products and services to customers over new electronic channels, it is ideal for applications that use the Intel Pentium III processor to increase online security. Intel is pleased to be working with BROKAT on solutions that make doing business on the Internet safer." There is a growing demand for tighter security in areas such as corporate banking where high-value transactions are increasingly conducted online. In corporate banking, transactions such as high value wire transfers are initiated by one person and authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by another person. Intel's Pentium III processor serial number will enable the initiating and authorizing employees to be identified with certainty, and can also be used to limit which machines are authorized to perform these tasks. At the Pentium III Processor review Day, the BROKAT Twister e-service product was used with a BROKAT corporate banking demonstration to show the use of the Intel Pentium III processor for authentication. A user registered the Pentium III processor ID with the remote Twister-based corporate banking server using a standard Internet browser See Web browser. . The user then supplied a username The name you use to identify yourself when logging into a computer system or online service. Both a username (user ID) and a password are required. In an Internet e-mail address, the username is the left part before the @ sign. For example, KARENB is the username in karenb@mycompany. and password to connect to the corporate banking server. Because the user is connected to the corporate banking server from a Pentium III processor-based PC that was properly registered with the server, they were able to retrieve their corporate account balance and approve a $2M wire transfer from the account. A second user followed by logging into the server from a PC without an Intel Pentium III processor. The second user was permitted to see the account balance, but the attempt to approve the $2M wire transfer was denied due to improper
About Twister The BROKAT Twister e-services platform is a market-leading software package for electronic business solutions such as e-banking, e-brokerage and e-payment. Twister provides standard components and toolkits that can be used to access electronic sales channels such as the Internet or mobile phone networks in a flexible and secure manner without high integration costs. Twister also enables companies to integrate new electronic delivery channels simply and rapidly into existing data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a environments. Legacy business transactions such as securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the , bill payment, money transfers, and cash management can now be conducted though electronic channels using Twister. Twister provides convenient, integrated administration and a solution optimized for re-use of standard components. About BROKAT BROKAT Infosystems AG (www.BROKAT.com) is the leading provider of software for secure e-banking and e-business. BROKAT products permit business transactions to be conducted easily and securely, anytime, anywhere through electronic channels. They provide an open, secure, CORBA-based infrastructure that is optimized for rapid development, software re-use, and electronic delivery of business services. BROKAT's Twister e-services platform is used by more than 1,600 institutions to provide banking, brokerage, insurance, and other services over electronic channels such as the Internet, mobile phone, fat-PC clients, and traditional phones. BROKAT provides complete solutions through its strong partner network, and a full range of services including consulting, training, and support. Founded in 1994, BROKAT Infosystems AG is headquartered in Stuttgart, Germany, and has offices around the globe. BROKAT US is headquartered in Atlanta. NOTE TO EDITORS: BROKAT, BROKAT Infosystems and Twister are trademarks of BROKAT Infosystems, AG in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. All other trademarks are properties of their respective companies. |
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