CheMatch and Cavio Corporation Form Partnership; Tools Will Enhance Site Security.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Oct. 5, 2001 CheMatch.com, a leading Internet-based market place and information resource for buying and selling commodity chemicals, plastics, feedstocks and fuel products, and Cavio Corporation, provider of fully automated authentication, data management and settlement solution for the online environment, are proud to announce their new partnership. CheMatch will profile Cavio(TM) biometric authentication and verification technology on the exchange platform. This technology gives users the ability to fully authenticate members at the logon stage without the need for password/pin combinations thereby significantly enhancing site security. Further, members will now have the option to use Cavio technology as a verifying digital signature to confirm the acceptance of trade details. This technology may also be used to simultaneously initiate payment using either fund transfer direct from bank-to-bank or via a letter of credit using the EFT-DataLink payment network. "Business on the Internet is about knowing who you are dealing with and making it (the Internet) work for you. The synergistic relationship between Chematch and Cavio is proof that today's Internet is about getting the complete job done," Paul Mann, 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. and president. "Cavio technology has the potential to provide an additional level of trust for CheMatch members. Our members are interested in new solutions for authentication and we look forward to working with Cavio to pilot and develop these solutions for our market," said Roberta Kowalishin, SVP business development. About CheMatch.com CheMatch.com(SM) - The Global Trading Network(TM) is a business-to-business, Internet-based market place for purchasers and sellers of bulk commodity chemicals, plastics, feedstocks and fuel products. The marketplace incorporates a real-time, interactive trading exchange where members can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG (NYSE NYSE See: New York Stock Exchange :BAYZY) (FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), E.I. DuPont de Nemours and Company (NYSE:DD), GE (NYSE:GE), Methanex (Nasdaq:MEOH MEOH Methyl Alcohol ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MX), Millennium Chemicals (NYSE:MCH See Intel Hub Architecture. ), H. Muehlstein & Co. Inc., Reed Elsevier, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:SNSA) (Nasdaq:STLBY) (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ) and YourEnergySource.com. Headquartered in Houston, CheMatch.com has international offices in Bangkok, Germany, Rotterdam and Singapore. |
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