CertCo, Inc. Partners With SWIFT to Accelerate B2B e-Commerce.Business and Technology Editors NEW YORK--(BUSINESS WIRE)--Nov. 6, 2001 CertCo and SWIFT to Jointly Promote SWIFT's TrustAct Service with Enhanced Functionality from CertCo's CertValidator(TM) Software CertCo, Inc., a leading provider of security and risk management solutions for companies doing business online, today announced a global partnership with SWIFT to ensure interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. between SWIFT's TrustAct Internet-based messaging service and CertValidator(TM), CertCo's Validation Authority. SWIFT, with 7,000 financial institution customers, is the world's leading provider of secure, reliable messaging services to global financial markets. The companies will jointly promote the solution. By employing SWIFT's TrustAct service, financial institutions can provide their corporate customers with trusted messaging and payment services over the Internet. With TrustAct, corporate businesses can rely on their financial institutions to validate their trading partners' digital certificates to establish confidence in their electronic identities. TrustAct also enables financial institutions to provide corporate customers with non-repudiation of online communications by time-stamping and safely storing all messages exchanged between trading parties. By using CertValidator to interface with SWIFT's TrustAct service, financial institutions can immediately validate digital certificates from any major certificate authority (CA), including Baltimore, Entrust and RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. . CertValidator enables financial institutions to simultaneously confirm the identities of their customers' online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. partners and 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. and authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) their electronic transactions. CertValidator also features patented Fast-Path Revocation The recall of some power or authority that has been granted. Revocation by the act of a party is intentional and voluntary, such as when a person cancels a Power of Attorney that he has given or a will that he has written. (TM) and Fast-Path Suspension(TM) technologies that enable invalid digital certificates to be immediately revoked or suspended. "Financial institutions that employ SWIFT's TrustAct service will greatly benefit from CertValidator's versatility and interoperability features," said June Yee Felix, chairman and 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. of CertCo. "By using TrustAct, financial institutions can more effectively position themselves to help their customers adopt e-business by providing non-repudiation of identity, legally binding digital signatures and secure message delivery." "CertCo is a strong SWIFT partner with extensive experience and leadership in the trust market," said Jackie Keogh, senior manager, e-commerce at SWIFT. "Our collaboration is a important step in SWIFT's endeavour to provide financial institutions and their corporate customers with a secure, end-to-end online messaging solution for B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. ." About CertCo(R), Inc. Founded in 1996, CertCo, Inc. is a leading provider of security and risk management solutions for companies doing business online. CertCo provides corporations, financial institutions, trading networks and governments with business solutions that enable them to safely conduct transactions over open networks - by allowing users to rely on the content, integrity and security of their electronic communications. The company offers a full suite of risk management and security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the that leverages its thorough understanding and experience with business process, legal, technology and cryptography issues, as well as its deep and long-standing relationships with insurance and financial service providers. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and privately held, CertCo also operates a research and development office in Cambridge, Mass. and has a European subsidiary based in London. More information is available at www.certco.com. Copyright (c) 2001 CertCo, Inc., 55 Broad Street New York, NY 10004 U.S.A. All rights reserved. CertCo, its logo, CertCo RMX RMX Remix (music) RMX RockMan X (video game) RMX RetailersMarketXchange RMX Reverse Mail eXchange RMX Remote Mail Exchange RMX Realtime Multitasking Executive RMX Reverse Mx RMX Real Music Jukebox , CertAuthority, CertValidator, CertSigner and/or other CertCo products and services referenced herein are either trademarks or registered trademarks of CertCo, Inc. All other company and/or product names are the property of their respective owners. |
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