Cyota Adds First USA as a SecureSuite Customer; One of the Largest Visa Issuers to Offer Cyota's Verified by Visa Service.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 16, 2002 Cyota, a leading e-payment security company, has launched Cyota SecureVbV - the Verified by Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). service for First USA, Bank One's credit card company, to provide Internet payment security technology. Verified by Visa (3D Secure) helps reduce fraud by authenticating First USA cardholders and producing online purchase receipts for their approval, which will ultimately reduce both consumer and merchant's exposure to fraud. "Cardmember security is a priority for us," said Hugh Bleemer, executive vice president eBusiness for First USA. "Cyota understands the credit card industry and its security platform and expertise provide us with an array of turnkey See turnkey system. solutions for our cardmembers." SecureVbV has been developed in conjunction with Verified by Visa to enable card issuers to verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. a cardholder's identity through the use of a password and provide results to the merchant in real time during the virtual checkout process. Cyota is delivering a hosted SecureVbV solution for First USA, which allows maximum flexibility with no integration impact. "We are excited about working with First USA, a leader in consumer credit card offerings, both online and offline," said Naftali Bennett, Cyota 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 have designed our products to meet the superior security and scalability demands of large, global issuers like First USA. We look forward to building our relationship with First USA and continuing to provide them with e-payment security solutions." SecureVbV is part of Cyota SecureSuite(TM), an integrated online payment security platform designed to seamlessly integrate a wide range of 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. and credit card security products including Verified by Visa, MasterCard(R) SPA and Cyota's surrogate surrogate n. 1) a person acting on behalf of another or a substitute, including a woman who gives birth to a baby of a mother who is unable to carry the child. 2) a judge in some states (notably New York) responsible only for probates, estates, and adoptions. number solution, Cyota SecureClick(TM) into a single user experience. SecureSuite allows banks, with a single backend integration, to offer consumers a unified front end that supports association standards, payment security and transaction products. This risk-free approach helps issuers start a payment initiative without any integration efforts or IT investment in equipment. About Cyota Cyota (www.cyota.com) is a leading payment security company that is dedicated to helping financial institutions strengthen their customer relationships through reliable, flexible, easy to use online security, payment and transaction products. Cyota SecureSuite(TM) is a revolutionary platform designed to serve as the backbone for integrating numerous e-payment initiatives. Cyota services multiple clients in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and worldwide. Founded in 1999 by leading card and security industry experts, Cyota is headquartered 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 with offices worldwide. Cyota is led by a respected management team with extensive experience in the security, Internet and banking industry and is supported by an international Advisory Board comprised of world-renowned financial and security experts. About First USA First USA, a subsidiary of Bank One Corp. (NYSE NYSE See: New York Stock Exchange "ONE"), is the largest issuer of Visa credit cards in the world, offering credit cards for consumers and businesses under the First USA and Bank One names and on behalf of its 1,900 marketing partners. These partners include some of the leading corporations, universities and affinity organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Bank One is the nation's sixth-largest bank holding company. More information can be found at www.firstusa.com. |
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