Baltimore Technologies Selected to Provide Public Key Infrastructure for MasterCard SecureCode; Solution to Help Significantly Reduce e-Commerce Fraud.Business Editors/High-Tech Writers BOSTON--(BUSINESS WIRE)--Feb. 25, 2003 Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. (London:BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines ), a global leader in e-security, today announced it has been selected by MasterCard International to provide the public key infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) for the MasterCard(R) SecureCode(TM) solution, a global e-commerce security solution for protecting against the unauthorized use of confidential cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold account data over the Internet.
UniCERT(TM), Baltimore's flagship PKI product, will allow MasterCard to issue and manage digital certificates for its member financial institutions, providing enhanced payment guarantees for online transactions. The MasterCard SecureCode solution helps overcome two of the most pressing issues in e-commerce today: cardholder concerns about the safety of online shopping and Internet merchants' need for an enhanced payment guarantee. The program provides card issuers a way 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 identity of the person completing Internet payment transactions, significantly reducing online fraud and the number of related chargebacks. "MasterCard selected Baltimore Technologies for their demonstration of global leadership in financial e-security. Baltimore's highly scalable PKI technology platform helps provide MasterCard the ability to deliver secure e-business services to our members worldwide," said Bruce Rutherford, vice president, Global e-Business and Emerging Technologies, MasterCard International. "Baltimore is delighted to announce our collaboration with MasterCard on the new SecureCode program and to further build on the long standing relationship between our two companies," added Denis Denis, king of Portugal: see Diniz. Kelly, executive VP, Global Operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , Baltimore Technologies plc. "The MasterCard SecureCode program underpins the importance of strong security at all levels of online transactions. SecureCode enables consumers, merchants and banks to engage safely in e-commerce and is an important step for secure online Internet transactions." About MasterCard International MasterCard International is a leader in global e-business. MasterCard is focused on providing its member financial institutions with customized, meaningful global e-business solutions that connect them to their accountholders. Through its investment in industry innovation, participation in standards development and business alliances, MasterCard is staying in the forefront of technology integration to enable anytime, anywhere payments across multiple channels and various devices. MasterCard's global e-business solutions include Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. , smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , mobile commerce/wireless, business to business electronic commerce, and numerous emerging technologies. MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. . More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. With approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless(R) advertising campaign is now seen in 90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. With more than 29 million acceptance locations including over 835,000 MasterCard/Maestro/Cirrus ATMs around the world, no payment card is more widely accepted globally than MasterCard. For the nine months ended September 30, 2002, gross dollar volume exceeded US$831.7 billion. MasterCard can be reached through its website at http://www.mastercardinternational.com. About Baltimore Technologies Baltimore Technologies' products, services and solutions address the fundamental security needs of e-business in distributed environments. Baltimore's e-security technology enables companies to verify the identity of electronic counterparties and securely manages which resources and information users can access through open networks. Many of the world's leading organisations in Finance and Government have deployed Baltimore's e-security technology to enable e-business over fixed and wireless networks. Baltimore also offers worldwide support for its authorization management and public key-based 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. products. Baltimore's products, services and solutions are sold directly as well as through its worldwide partner network, Baltimore TrustedWorld(TM). Baltimore Technologies is a public company, listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (BLM). For more information on Baltimore Technologies, please visit http://www.baltimore.com Trademarks UniCERT is a trademark of Baltimore Technologies plc. All other product names are trademarks or registered trademarks of their respective owners. Legal Disclaimer Certain statements that are not historical facts including certain statements made over the course of this document may be forward-looking in nature. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements implied by such forward-looking statements. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion