California Bank & Trust Selects Intelispan for Commercial Online Services.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--March 16, 1999--Intelispan, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:IVPN IVPN IP Virtual Private Network IVPN International Virtual Private Networking ) Intelispan announced today that California Bank and Trust (formerly Sumitomo Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. ) has selected Intelispan as its provider of Virtual Private Network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ) services to deliver their commercial online banking services. CB&T intends to provide its new online banking service to over 2,000 of its commercial customers. This service will include a variety of cash management functions such as fund transfers, deposit reporting, stop payments, bank drafts, foreign exchange and money market rate reporting, balance reporting and book transfers. "Security is a big issue with our customers," said Ken Nakamura, Senior Vice President and Manager of Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. . "And we found Intelispan's network security solution to be superior to others that we evaluated. The improved network performance was also important for our application." Zions Bancorporation acquired Sumitomo Bank of California in October of 1998, and merged it with Grossmont Bank and First Pacific Bank, two other Zions Subsidiaries. A new entity was created through this merger, California Bank and Trust, with 70 offices throughout California. CB&T has begun implementing the Intelispan network to service all their business banking customers. "We are enthusiastic about this financial application for our network service," said Peter Nelson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Intelispan. "We hope to continue to capitalize on the increase in demand for secure IP network service as the online banking market grows." Intelispan's service, exSPANdsm VPN operates on a private, global IP network logically separate from the Internet incorporating advanced security technology at the network level. Intelispan's network architecture, which includes strong 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 authentication, acts as a network level firewall to become the enterprise's first line of defense against unauthorized users. Priced as a metered-based service, exSPANd-PKI eliminates the up front investment normally associated with public/private key management systems and client software integration. About California Bank & Trust California Bank & Trust operates nine regions consisting of 70 full service branches offering a comprehensive spectrum of financial products and services. A subsidiary of Utah-based Zions Bancorporation (Nasdaq:ZION), it is the fifth largest commercial bank in California with over $6 billion in assets. About Intelispan Intelispan is a Scottsdale, Arizona based company specializing in secure business communications. Intelispan provides IP-based VPN services with secure remote access and enables the rapid deployment of electronic trading communities. Intelispan has shares listed for trading on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Electronic Bulletin Board OTC/BB: IVPN. For more information, visit Intelispan on the World Wide Web at www.intelispan.com. |
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