Cyota Announces Availability of MasterCard SecureCode Global Hosted Services.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 10, 2002 Cyota, a leading payment and security technology company, today announced their strategic global hosted services for issuers that deploy MasterCard(R) SecureCode(TM) using Cyota's SecureMPA solution. The system is available immediately, and is currently being implemented by several issuers worldwide. SecureMPA is Cyota's SecureCode-compliant service that is based on MasterCard's implementation of 3-D Secure. 3-D Secure is one of three options that MasterCard SecureCode offers issuers for protecting confidential cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold data over the Internet.
Cyota offers SecureMPA as a hosted service from three separate global hosting facilities: in the U.S. - TSYS TSYS Total System Services, Inc. e-Business, in the U.K. - NTT/Verio hosting solutions and in Japan - Intelligent Wave Inc. "MasterCard SecureCode helps overcome two of the most pressing issues in e-commerce today - cardholder concerns about the safety of online shopping, and Internet merchants' need for an enhanced payment guarantee," said Stephen W. Orfei, senior vice president, Electronic Commerce and eB2B, MasterCard International. "We are pleased to be working closely with Cyota to speed the global deployment of SecureCode." SecureMPA is part of Cyota's existing online payment security platform - Cyota SecureSuite. SecureSuite integrates online payments security initiatives into a single operational platform and user experience. SecureSuite benefits issuers by lowering costs associated with deploying cardholder 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. solutions, leveraging existing investments and reducing stress on scarce IT resources. Cyota is the leading provider of 3-D Secure-based authentication schemes with systems utilized by some of the world's largest financial institutions. Cyota SecureSuite is offered as a hosted service, which requires minimal resources and investment from issuers. With the hosted approach, Cyota's professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. team can quickly facilitate a SecureCode service. "Cyota is determined to continue to lead the 3-D Secure market and we are proud of our strong working relationship with MasterCard," stated 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. . "We have partnered with the world's leading organizations to provide global financial institutions with the best solutions in the marketplace." About MasterCard International MasterCard International is a leader in global e-business. MasterCard is focused on providing its member financial institutions with customized, meaningful global e-business solutions that connect them to customers in both the online and offline worlds. Through its investment in industry innovation, participation in standards development and business alliances, MasterCard is staying in the forefront of technology integration to enable anytime, anywhere payments across multiple channels and various devices. MasterCard's global e-business solutions include Internet interactive services, security, 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. , mobile commerce/wireless, business-to-business electronic commerce, and numerous emerging technologies. MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. . More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. With approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless price·less adj. 1. Of inestimable worth; invaluable. 2. Highly amusing, absurd, or odd: a priceless remark. (R) advertising campaign is now seen in 90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. With more than 29 million acceptance locations, no payment card is more widely accepted globally than MasterCard. For the nine months ended September 30, 2002, gross dollar volume exceeded US$831.7 billion. MasterCard can be reached through its website at http://www.mastercardinternational.com. About Cyota Cyota is the leading payment security provider for financial institutions. Cyota currently has systems available to over 300 million cardholders 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. , Europe and Asia-Pacific. Cyota SecureSuite is the only integrated payment security platform, designed to seamlessly integrate a wide range of credit and debit card security solutions including MasterCard SecureCode and 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). , 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. numbers and more, into a single, consistent and cost-effective solution. Founded in 1999, 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. For more information please visit www.cyota.com |
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