Cyota Expands Global Reach to Japan; Cyota Announces New Partnership Agreement With Japan's Largest Credit Card Software Developer And System Integrator - Intelligent Wave Inc.Business Editors & High-Tech Writers 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 & TOKYO--(BUSINESS WIRE)--Feb. 27, 2002 Cyota, a leading payment security company, is expanding its global reach and announced today a new distribution partnership with Intelligent Wave Inc. (IWI iwi Noun NZ a Maori tribe [Maori] ), the largest software developers and system integrators for credit card authorization in Japan, with more than 70% share of that market. The agreement will allow Cyota to quickly and effectively penetrate the Japanese market, using IWI's market position and reach. The first products to be jointly marketed are Cyota's 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). product - Cyota SecureVbV and the Cyota SecureSuite(TM) platform. Triangle Technologies Ltd., a leading business development advisory firm for non-Japanese firms in the Japanese market, played a key role in developing the partnership agreement. Cyota recently launched SecureSuite at First USA, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and TSYS TSYS Total System Services, Inc. . Cyota is delivering SecureVbV, a certified Verified by Visa solution, as the first part of SecureSuite to their clients. SecureSuite is 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 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 called SecureClick 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. "We view Cyota as a best-of-breed technology company. The SecureSuite platform is unmatched in the industry. IWI focuses on partnerships with leading technology companies and we believe Cyota completes our product offerings for our leading customers," said Mr. Kazuhiko Adachi, Chairman of IWI. "IWI is well regarded as the leading credit card software services vendor in Japan, and we have been impressed with their technical leadership and market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. . SecureSuite is a perfect fit for IWI's customers and representatives and we are pleased to be working such a well regarded firm," said Naftali Bennett, Cyota President & 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 look forward to bringing our market leadership experience in the US to the Japanese market." "The Japanese Internet commerce market has been growing rapidly, but one of the inhibitors has been the lack of security with which consumers can make online payments," commented Yoshinori Oikawa, Vice-President of Triangle Technologies. "Cyota's market leadership in payment security is viewed very positively by Japanese credit card issuers, and we believe that it will help stimulate the further growth of e-commerce." 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 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 IWI IWI is a leading software developer and related systems provider with dominance in on-line credit authorization systems, enjoying more than 70% share among major card issuers in Japan. IWI has gained an impressive customer base by value-added, "best of breed" solutions over the past 17 years. IWI supplies software and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to a number of industries including banks, bank-affiliated companies, large-scale retailers, credit companies, non-financial institutions, information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. centers, electronic commerce, world cashing services, consumer finance companies, securities businesses, telecommunications and so forth. About Triangle Technologies Triangle Technologies is a leading business development firm specializing in the Japanese market. Headed by Dr. Daniel Isenberg (1981-1988 on the faculty of the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. ) with a professional team of 14 people in and out of Japan, Triangle Technologies has facilitated over 80 technology related deals between Japanese and non-Japanese companies. Triangle Technologies helps non-Japanese clients build strategic alliances, raise capital and create new ventures. For more information please visit our website at www.triangletech.com. |
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