CyberCash Licenses Certicom's SSL Plus Security Technology for Use in E-Commerce Payment Service Offerings.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Sept. 23, 1998--Certicom Corp., a leading provider of information security solutions, today announced that CyberCash, Inc. (Nasdaq:CYCH), of Reston, Va., the world leader in secure electronic commerce payment solutions, has licensed Certicom's SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. Plus toolkit for use in CyberCash's secure electronic payment and transaction offerings. CyberCash will use the SSL Plus toolkit to add more powerful, reliable and streamlined security for customers of its electronic payment products, which provide secure electronic commerce transactions between merchants, financial institutions and CyberCash. The SSL Plus toolkit was developed by Consensus Development Corp., which was acquired by Certicom in July 1998. It is the most widely deployed and trusted commercial toolkit available for SSL (Secure Sockets Layer (networking, security) Secure Sockets Layer - (SSL) A protocol designed by Netscape Communications Corporation to provide secure communications over the Internet using asymmetric key encryption. ), the dominant security protocol used in virtually all secure networked applications and products worldwide. The SSL Plus toolkit is used by software and hardware companies to build security into a wide range of applications and products for the Internet, intranets and corporate networks from traditional web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
"We selected the SSL Plus toolkit because of the speed and ease of deployment for securing our electronic payment infrastructure," said Tom Costello, senior vice president of development for CyberCash. "The strong reputation of Consensus in the SSL arena, together with Certicom's advanced elliptic curve In mathematics, an elliptic curve is a smooth, projective algebraic curve of genus one, on which there is a specified point O. An elliptic curve is in fact an abelian variety—that is, it has a multiplication defined algebraically with respect to which it is an technology, creates a powerful information security combination that will enable us to continue to lead the industry with the safest and most powerful e-commerce products and services for our customers." "CyberCash is widely recognized as a leader in delivering safe and easy electronic transactions to customers and merchants. With SSL Plus, CyberCash adds another layer of strength to its offerings and further drives the burgeoning Internet communications and transactions industry," said Rick Dalmazzi, president of Certicom. "Together with our subsidiary Consensus Development, Certicom is pleased to be able to offer CyberCash an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for the fastest, strongest information security capabilities available today." By the year 2,000 Internet commerce transaction revenues are widely predicted to be between $6 billion and $8 billion dollars (Forrester, IDC, Jupiter and Multimedia Research Group) and business-to-business revenues could exceed $60 billion. Through strategic acquisitions, technological advancements and revolutionary product and service offerings, Cybercash is poised to play an integral role in leading the world's economy into the technology age. About CyberCash CyberCash is the world's leading provider of secure electronic commerce payment technologies and services spanning the retail point of sale through the Internet. To receive CyberCash's latest news and developments via fax at no cost, please call 1-800-PRO-INFO; use company code CYCH. Visit the company's web site at http://www.cybercash.com. Also see http://www.frbinc.com. About Certicom Certicom is a leading provider of cryptographic technologies used by major computing and communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. to build strong, fast and efficient security into electronic commerce 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. and wireless applications. With its acquisition of Consensus Development Corp. in July 1988, Certicom's family of offerings enable powerful end-to-end information security at every point within the electronic commerce and communications infrastructure. Certicom cryptographic research and product development is based in Toronto, Canada, with worldwide sales and marketing operations in San Mateo, CA. Certicom shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ". Visit Certicom's Web site at www.certicom.com. This press release may contain 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Certicom and CyberCash. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected software errors and bugs, competitive pressures, technical difficulties, market acceptance, changes in customer requirements and general economic conditions. Certicom is a registered trademark of Certicom Corp. CyberCash and the CyberCash logo are trademarks of CyberCash, Inc. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. |
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