Caixa Terrassa Becomes First Savings Bank to Implement Safewww's Identity Protection Solution.Business Editors/Hi Tech Writers UNIONDALE, N.Y.--(BUSINESS WIRE)--Jan. 22, 2000 Safewww and Spanish Technology Supplier Inorme Bringing 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. Products to Spain Through Agreement with Barcelona-Based Bank As banks around the world search for new tools to enhance and protect their online banking services, Safewww Inc., provider of identity protection and 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. solutions for business and personal Internet transactions, today announced a distribution deal with Spanish technology provider Inorme S.L. Through this agreement, Inorme will offer Safewww's Internet security solutions to their banking customers. Barcelona-based Caixa Terrassa is the first local bank to implement Safewww's IDshield in order to protect its customers from identity theft and online fraud. In an effort to improve security and build confidence with its customers, Caixa Terrassa plans to initially roll out IDshield to its business clients, and then to the bank's estimated 25,000 account holders that will bank from home via the Internet in 2001. A pilot program is currently underway, and the bank hopes to integrate this solution into PCs located in the bank itself as well as their ATMs based on its success with home and business users. "Our customers are our most valuable assets, and they trust us to provide them with the best services available. By offering simple and secure online banking, we are able to build the trust that is essential in order for our online banking program to grow," said Joan Davi Ferrer, Projects Manager of Caixa Terrassa. "We researched various authentication products, and were introduced to IDshield by Inorme. We found Safewww's identity protection solution to be the simplest-to-use and most cost-effective solution that can help us increase customer confidence and decrease transactional fraud." "This partnership with Inorme presents us with great opportunities to provide Spanish banks
v. height·ened, height·en·ing, height·ens v.tr. 1. To raise or increase the quantity or degree of; intensify. 2. To make high or higher; raise. v.intr. the level of security provided to its clients." About Caixa Terrassa Caixa Terrassa is a Barcelona-based savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. with over 1000 employees serving 300,000 clients at its 200 branches. Dedicated to providing state of the art technology to their customers, Caixa Terrassa has implemented various upgrades to its IT infrastructure and online banking system since it began offering online services in 1997. Caixa Terrassa currently has 1800 business clients, 16,000 home users and 23,000 telephone banking clients that participated in 1.5 million transactions in 2000. About Inorme S.L. Inorme S.L. was founded 20 years ago by its president Mr. Juan Mena to offer specialized technology solutions for the Spanish savings bank industry. Today 90% of the savings banks in Spain use Inorme products and solutions. Recently, the company announced a joint venture with Ernst Young Cap Gemini to provide new services to their client base, thus expanding their leadership in the market. About Safewww, Inc. Founded in 1999 by Israeli Internet security entrepreneurs, Safewww, Inc. provides identity protection products and services for business and personal Internet transactions. With corporate headquarters in the U.S. and a research and development center in Israel, Safewww has established strategic alliances and received investment capital in the U.S., Israel, Spain, China, and Argentina. Its target online markets include banking, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business exchanges, digital music and video, auctions, store cards, and gaming. Utilizing patent pending third-party user authentication See authentication. and content encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. technology, Safewww's impenetrable im·pen·e·tra·ble adj. 1. Impossible to penetrate or enter: an impenetrable fortress. 2. Impossible to understand; incomprehensible: impenetrable jargon. and simple-to-use solution allows Internet transactions to achieve the utmost in security without the need to transmit confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead over the Internet. For more information please see Safewww's Web site at http://www.safewww.com. For sales information on Safewww contact William Sussman at (516) 390-4790 or go to http://www.safewww.com |
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